Envestnet Asset Management Inc. Has $32.21 Million Stock Holdings in Restaurant Brands International Inc. $QSR

Envestnet Asset Management Inc. raised its position in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 6.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 485,946 shares of the restaurant operator’s stock after buying an additional 30,741 shares during the quarter. Envestnet Asset Management Inc. owned 0.15% of Restaurant Brands International worth $32,213,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in QSR. Allspring Global Investments Holdings LLC grew its holdings in shares of Restaurant Brands International by 55.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 70,857 shares of the restaurant operator’s stock worth $4,759,000 after purchasing an additional 25,292 shares in the last quarter. Aviso Financial Inc. lifted its position in shares of Restaurant Brands International by 1.2% during the 1st quarter. Aviso Financial Inc. now owns 953,186 shares of the restaurant operator’s stock worth $63,566,000 after buying an additional 11,164 shares during the last quarter. Jump Financial LLC bought a new stake in shares of Restaurant Brands International during the 1st quarter worth $432,000. Private Trust Co. NA lifted its position in shares of Restaurant Brands International by 96.6% during the 1st quarter. Private Trust Co. NA now owns 519 shares of the restaurant operator’s stock worth $35,000 after buying an additional 255 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its position in shares of Restaurant Brands International by 90.9% during the 1st quarter. Raymond James Financial Inc. now owns 563,747 shares of the restaurant operator’s stock worth $37,568,000 after buying an additional 268,511 shares during the last quarter. 82.29% of the stock is owned by institutional investors and hedge funds.

Restaurant Brands International Trading Down 2.0%

Shares of QSR stock opened at $65.68 on Monday. The company has a market cap of $21.53 billion, a P/E ratio of 23.37, a PEG ratio of 2.02 and a beta of 0.65. The stock has a 50 day simple moving average of $65.21 and a two-hundred day simple moving average of $66.70. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.98 and a current ratio of 1.06. Restaurant Brands International Inc. has a fifty-two week low of $58.71 and a fifty-two week high of $72.32.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its earnings results on Thursday, October 30th. The restaurant operator reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.03. Restaurant Brands International had a return on equity of 32.43% and a net margin of 9.95%.The company had revenue of $2.45 billion for the quarter, compared to analysts’ expectations of $2.39 billion. During the same quarter in the previous year, the firm earned $0.93 earnings per share. Restaurant Brands International’s quarterly revenue was up 6.9% on a year-over-year basis. Research analysts forecast that Restaurant Brands International Inc. will post 3.72 earnings per share for the current year.

Restaurant Brands International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Tuesday, December 23rd will be given a $0.62 dividend. The ex-dividend date of this dividend is Tuesday, December 23rd. This represents a $2.48 annualized dividend and a yield of 3.8%. Restaurant Brands International’s payout ratio is currently 88.26%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on QSR shares. Scotiabank upped their price objective on Restaurant Brands International from $73.00 to $74.00 and gave the stock a “sector perform” rating in a research report on Friday. Barclays dropped their target price on Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating for the company in a research report on Friday, August 8th. Robert W. Baird increased their target price on Restaurant Brands International from $68.00 to $72.00 and gave the company a “neutral” rating in a research report on Friday. Morgan Stanley set a $77.00 target price on Restaurant Brands International in a research report on Tuesday, October 21st. Finally, Piper Sandler dropped their target price on Restaurant Brands International from $72.00 to $70.00 and set a “neutral” rating for the company in a research report on Friday, August 8th. Eleven research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Restaurant Brands International currently has an average rating of “Hold” and a consensus target price of $75.75.

About Restaurant Brands International

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.