Royal Fund Management LLC Has $1.26 Million Stake in Restaurant Brands International Inc. (NYSE:QSR)

Royal Fund Management LLC boosted its stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 32.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,830 shares of the restaurant operator’s stock after acquiring an additional 4,400 shares during the quarter. Royal Fund Management LLC’s holdings in Restaurant Brands International were worth $1,255,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Mather Group LLC. bought a new position in shares of Restaurant Brands International during the 1st quarter worth approximately $25,000. Oakworth Capital Inc. acquired a new stake in Restaurant Brands International in the 4th quarter valued at $30,000. Montag A & Associates Inc. bought a new stake in Restaurant Brands International during the 4th quarter worth about $30,000. Crewe Advisors LLC acquired a new position in shares of Restaurant Brands International during the 1st quarter worth about $48,000. Finally, Dixon Mitchell Investment Counsel Inc. bought a new position in shares of Restaurant Brands International in the 1st quarter valued at about $59,000. 82.29% of the stock is owned by institutional investors and hedge funds.

Restaurant Brands International Price Performance

Shares of QSR stock traded down $0.46 during trading on Friday, hitting $70.81. The company had a trading volume of 1,255,585 shares, compared to its average volume of 1,638,397. The stock’s 50-day moving average price is $70.24 and its 200 day moving average price is $73.34. Restaurant Brands International Inc. has a one year low of $61.77 and a one year high of $83.29. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.00 and a current ratio of 1.08. The firm has a market capitalization of $22.43 billion, a P/E ratio of 18.25, a price-to-earnings-growth ratio of 2.06 and a beta of 0.92.

Restaurant Brands International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Friday, September 20th will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date is Friday, September 20th. Restaurant Brands International’s dividend payout ratio (DPR) is presently 59.79%.

Analysts Set New Price Targets

QSR has been the topic of several analyst reports. TD Cowen reiterated a “buy” rating and set a $88.00 target price on shares of Restaurant Brands International in a report on Thursday, August 8th. TD Securities increased their price objective on Restaurant Brands International from $84.00 to $88.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Scotiabank boosted their target price on shares of Restaurant Brands International from $80.00 to $81.00 and gave the stock an “outperform” rating in a report on Monday, April 29th. Genuity Capital Markets cut their price target on shares of Restaurant Brands International from $74.00 to $73.00 and set a “neutral” rating for the company in a research note on Thursday, May 30th. Finally, Loop Capital lifted their price objective on shares of Restaurant Brands International from $86.00 to $93.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, nine have issued a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $83.11.

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.