Restaurant Brands International Inc. $QSR Shares Purchased by Wellington Management Group LLP

Wellington Management Group LLP increased its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 13.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,185 shares of the restaurant operator’s stock after acquiring an additional 2,250 shares during the quarter. Wellington Management Group LLP’s holdings in Restaurant Brands International were worth $1,279,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Restaurant Brands International by 7.6% in the 1st quarter. Vanguard Group Inc. now owns 14,169,061 shares of the restaurant operator’s stock valued at $944,538,000 after purchasing an additional 1,003,563 shares during the last quarter. EdgePoint Investment Group Inc. boosted its holdings in Restaurant Brands International by 26.6% in the 4th quarter. EdgePoint Investment Group Inc. now owns 12,819,570 shares of the restaurant operator’s stock valued at $834,478,000 after purchasing an additional 2,695,071 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Restaurant Brands International by 0.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 8,108,527 shares of the restaurant operator’s stock valued at $540,352,000 after purchasing an additional 47,192 shares during the last quarter. Mackenzie Financial Corp boosted its holdings in Restaurant Brands International by 17.1% in the 1st quarter. Mackenzie Financial Corp now owns 4,912,807 shares of the restaurant operator’s stock valued at $327,486,000 after purchasing an additional 717,867 shares during the last quarter. Finally, TD Asset Management Inc boosted its holdings in Restaurant Brands International by 29.4% in the 1st quarter. TD Asset Management Inc now owns 4,631,461 shares of the restaurant operator’s stock valued at $308,698,000 after purchasing an additional 1,053,640 shares during the last quarter. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Restaurant Brands International Price Performance

Restaurant Brands International stock opened at $63.37 on Monday. The firm has a market cap of $20.77 billion, a PE ratio of 24.01, a price-to-earnings-growth ratio of 2.73 and a beta of 0.62. Restaurant Brands International Inc. has a 52-week low of $58.71 and a 52-week high of $74.09. The company has a quick ratio of 0.95, a current ratio of 1.01 and a debt-to-equity ratio of 2.69. The company’s 50 day moving average is $66.79 and its two-hundred day moving average is $66.59.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its earnings results on Thursday, August 7th. The restaurant operator reported $0.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.03). Restaurant Brands International had a return on equity of 29.54% and a net margin of 9.43%.The business had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.33 billion. During the same quarter last year, the company earned $0.86 earnings per share. Restaurant Brands International’s quarterly revenue was up 15.9% compared to the same quarter last year. On average, research analysts expect that Restaurant Brands International Inc. will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 7th. Shareholders of record on Tuesday, September 23rd will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Tuesday, September 23rd. Restaurant Brands International’s dividend payout ratio (DPR) is presently 93.94%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. CIBC decreased their target price on shares of Restaurant Brands International from $78.00 to $77.00 and set an “outperformer” rating on the stock in a report on Friday, May 9th. Sanford C. Bernstein set a $78.00 price objective on shares of Restaurant Brands International in a report on Friday, August 8th. Citigroup decreased their price objective on shares of Restaurant Brands International from $76.00 to $72.00 and set a “neutral” rating on the stock in a report on Friday, August 8th. Barclays decreased their price objective on shares of Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating on the stock in a report on Friday, August 8th. Finally, Truist Financial upped their price objective on shares of Restaurant Brands International from $78.00 to $81.00 and gave the stock a “buy” rating in a report on Wednesday, July 9th. Eleven analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $75.04.

Restaurant Brands International Profile

Restaurant Brands International Inc operates as a quick-service restaurant company in Canada, the United States, and internationally. It operates through four segments: Tim Hortons (TH), Burger King (BK), Popeyes Louisiana Kitchen (PLK), and Firehouse Subs (FHS). The company owns and franchises TH chain of donut/coffee/tea restaurants that offer blend coffee, tea, and espresso-based hot and cold specialty drinks; and fresh baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, and other food products.