UBS Group AG lifted its position in Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) by 118.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,897 shares of the restaurant operator’s stock after acquiring an additional 52,576 shares during the quarter. UBS Group AG’s holdings in Restaurant Brands International were worth $6,738,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Coastal Capital Group Inc. bought a new stake in shares of Restaurant Brands International in the second quarter valued at about $28,000. Coastal Investment Advisors Inc. bought a new stake in shares of Restaurant Brands International in the second quarter valued at about $31,000. Signaturefd LLC raised its holdings in shares of Restaurant Brands International by 40.3% in the second quarter. Signaturefd LLC now owns 1,097 shares of the restaurant operator’s stock valued at $76,000 after acquiring an additional 315 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new stake in shares of Restaurant Brands International in the second quarter valued at about $103,000. Finally, Glen Harbor Capital Management LLC raised its holdings in shares of Restaurant Brands International by 15.5% in the second quarter. Glen Harbor Capital Management LLC now owns 2,032 shares of the restaurant operator’s stock valued at $136,000 after acquiring an additional 272 shares in the last quarter. Hedge funds and other institutional investors own 77.66% of the company’s stock.
In other news, Director Paul J. Fribourg sold 488,024 shares of the business’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $77.20, for a total transaction of $37,675,452.80. Following the sale, the director now owns 58,005 shares in the company, valued at $4,477,986. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jacqueline Friesner sold 26,392 shares of the business’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $77.30, for a total value of $2,040,101.60. Following the sale, the insider now owns 106,352 shares in the company, valued at approximately $8,221,009.60. The disclosure for this sale can be found here. Insiders have sold 840,294 shares of company stock worth $64,840,016 in the last 90 days. Insiders own 4.13% of the company’s stock.
QSR has been the topic of several analyst reports. Stephens lifted their target price on Restaurant Brands International from $75.00 to $82.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Wells Fargo & Co lifted their target price on Restaurant Brands International from $70.00 to $79.00 and gave the company a “market perform” rating in a research note on Monday, July 22nd. Credit Suisse Group lifted their target price on Restaurant Brands International from $78.00 to $83.00 and gave the company an “outperform” rating in a research note on Tuesday, August 6th. ValuEngine lowered Restaurant Brands International from a “buy” rating to a “hold” rating in a research note on Thursday, September 26th. Finally, Goldman Sachs Group initiated coverage on Restaurant Brands International in a research note on Monday, July 29th. They issued a “neutral” rating and a $71.00 target price on the stock. Nine analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Restaurant Brands International presently has an average rating of “Buy” and a consensus target price of $78.74.
Shares of QSR stock opened at $71.20 on Friday. Restaurant Brands International Inc has a fifty-two week low of $50.20 and a fifty-two week high of $79.46. The firm has a market capitalization of $17.99 billion, a price-to-earnings ratio of 27.32, a PEG ratio of 2.74 and a beta of 1.22. The company has a debt-to-equity ratio of 3.30, a quick ratio of 1.14 and a current ratio of 1.20. The stock’s 50-day simple moving average is $73.69 and its 200-day simple moving average is $70.29.
Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings results on Friday, August 2nd. The restaurant operator reported $0.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.04. Restaurant Brands International had a return on equity of 30.53% and a net margin of 10.57%. The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the previous year, the firm earned $0.66 earnings per share. The company’s revenue was up 4.2% on a year-over-year basis. As a group, equities analysts forecast that Restaurant Brands International Inc will post 2.7 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Tuesday, September 17th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.81%. Restaurant Brands International’s payout ratio is 76.05%.
Restaurant Brands International Company Profile
Restaurant Brands International Inc owns, operates, and franchises quick service restaurants under the Tim Hortons (TH), Burger King (BK), and Popeyes (PLK) brand names. The company operates through three segments: TH, BK, and PLK. Its restaurants offer blend coffee, tea, espresso-based hot and cold specialty drinks, donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, hamburgers, chicken and other specialty sandwiches, french fries, soft drinks, chicken, chicken tenders, fried shrimp and other seafood, red beans and rice, and other food items.
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