DekaBank Deutsche Girozentrale Increases Stock Position in Restaurant Brands International Inc. $QSR

DekaBank Deutsche Girozentrale raised its position in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 1.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 42,344 shares of the restaurant operator’s stock after buying an additional 523 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Restaurant Brands International were worth $2,794,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in QSR. Davis Selected Advisers purchased a new stake in Restaurant Brands International during the 1st quarter valued at $224,744,000. Royal Bank of Canada boosted its position in Restaurant Brands International by 16.7% during the 1st quarter. Royal Bank of Canada now owns 22,626,635 shares of the restaurant operator’s stock valued at $1,507,839,000 after buying an additional 3,230,735 shares during the period. Invesco Ltd. boosted its position in Restaurant Brands International by 465.8% during the 1st quarter. Invesco Ltd. now owns 2,644,757 shares of the restaurant operator’s stock valued at $176,247,000 after buying an additional 2,177,302 shares during the period. TD Asset Management Inc boosted its position in Restaurant Brands International by 29.4% during 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 buying an additional 1,053,640 shares during the period. Finally, Vanguard Group Inc. boosted its position in Restaurant Brands International by 7.6% during the 1st quarter. Vanguard Group Inc. now owns 14,169,061 shares of the restaurant operator’s stock valued at $944,538,000 after buying an additional 1,003,563 shares during the period. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Restaurant Brands International Stock Up 0.0%

NYSE:QSR opened at $67.46 on Friday. The firm has a market cap of $22.12 billion, a P/E ratio of 25.55, a P/E/G ratio of 2.93 and a beta of 0.65. The company has a debt-to-equity ratio of 2.69, a quick ratio of 0.95 and a current ratio of 1.01. Restaurant Brands International Inc. has a fifty-two week low of $58.71 and a fifty-two week high of $72.50. The firm has a 50-day simple moving average of $65.01 and a two-hundred day simple moving average of $66.48.

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

Restaurant Brands International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 7th. Stockholders of record on Tuesday, September 23rd were issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend was Tuesday, September 23rd. Restaurant Brands International’s dividend payout ratio (DPR) is presently 93.94%.

Analysts Set New Price Targets

QSR has been the subject of several research reports. Melius initiated coverage on shares of Restaurant Brands International in a report on Monday, July 14th. They issued a “buy” rating and a $90.00 price objective for the company. Guggenheim increased their price target on shares of Restaurant Brands International from $77.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, August 13th. Piper Sandler decreased their price target on shares of Restaurant Brands International from $72.00 to $70.00 and set a “neutral” rating for the company in a research note on Friday, August 8th. Bank of America decreased their price target on shares of Restaurant Brands International from $62.00 to $60.00 and set an “underperform” rating for the company in a research note on Friday, July 18th. Finally, Northcoast Research lowered shares of Restaurant Brands International from a “buy” rating to a “neutral” rating in a research note on Friday, September 12th. Eleven investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Restaurant Brands International currently has an average rating of “Hold” and an average target price of $75.42.

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.