Advisors Asset Management Inc. Has $330,000 Holdings in Restaurant Brands International Inc. $QSR

Advisors Asset Management Inc. cut its holdings in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 32.6% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,954 shares of the restaurant operator’s stock after selling 2,401 shares during the period. Advisors Asset Management Inc.’s holdings in Restaurant Brands International were worth $330,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Royal Bank of Canada grew its stake in shares of Restaurant Brands International by 16.7% in the first quarter. Royal Bank of Canada now owns 22,626,635 shares of the restaurant operator’s stock valued at $1,507,839,000 after acquiring an additional 3,230,735 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Restaurant Brands International by 7.6% in the first quarter. Vanguard Group Inc. now owns 14,169,061 shares of the restaurant operator’s stock valued at $944,538,000 after acquiring an additional 1,003,563 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Restaurant Brands International by 0.6% in the first quarter. Goldman Sachs Group Inc. now owns 8,108,527 shares of the restaurant operator’s stock valued at $540,352,000 after acquiring an additional 47,192 shares in the last quarter. 1832 Asset Management L.P. grew its stake in shares of Restaurant Brands International by 4.3% in the first quarter. 1832 Asset Management L.P. now owns 6,959,757 shares of the restaurant operator’s stock valued at $463,798,000 after acquiring an additional 289,233 shares in the last quarter. Finally, Mackenzie Financial Corp grew its stake in shares of Restaurant Brands International by 17.1% in the first quarter. Mackenzie Financial Corp now owns 4,912,807 shares of the restaurant operator’s stock valued at $327,486,000 after acquiring an additional 717,867 shares in the last quarter. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

QSR has been the topic of several research reports. Piper Sandler decreased their price target on shares of Restaurant Brands International from $72.00 to $70.00 and set a “neutral” rating on the stock in a research note on Friday, August 8th. Barclays reduced 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 research note on Friday, August 8th. Citigroup reduced 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 research note on Friday, August 8th. Loop Capital reiterated a “buy” rating on shares of Restaurant Brands International in a research note on Thursday, June 26th. Finally, Melius assumed coverage on shares of Restaurant Brands International in a research note on Monday, July 14th. They set a “buy” rating and a $90.00 price objective on the stock. Eleven analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $75.04.

Restaurant Brands International Stock Up 2.4%

QSR stock opened at $63.40 on Friday. The stock has a market capitalization of $20.78 billion, a P/E ratio of 24.02, a price-to-earnings-growth ratio of 2.67 and a beta of 0.61. The company has a current ratio of 1.01, a quick ratio of 0.95 and a debt-to-equity ratio of 2.69. Restaurant Brands International Inc. has a 12 month low of $58.71 and a 12 month high of $74.09. The firm has a 50-day moving average price of $66.07 and a 200-day moving average price of $66.47.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its earnings results on Thursday, August 7th. The restaurant operator reported $0.94 EPS for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.03). The company had revenue of $2.41 billion during the quarter, compared to the consensus estimate of $2.33 billion. Restaurant Brands International had a return on equity of 29.54% and a net margin of 9.43%.The firm’s revenue was up 15.9% compared to the same quarter last year. During the same period last year, the company posted $0.86 EPS. As a group, equities research analysts anticipate that Restaurant Brands International Inc. will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 7th. Stockholders of record on Tuesday, September 23rd will be issued a $0.62 dividend. The ex-dividend date of this dividend is Tuesday, September 23rd. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.9%. Restaurant Brands International’s dividend payout ratio is 93.94%.

Restaurant Brands International Company 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.