Journey Advisory Group LLC Reduces Position in Restaurant Brands International Inc. $QSR

Journey Advisory Group LLC lessened its position in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 2.0% during the second quarter, HoldingsChannel reports. The institutional investor owned 61,913 shares of the restaurant operator’s stock after selling 1,234 shares during the quarter. Journey Advisory Group LLC’s holdings in Restaurant Brands International were worth $4,104,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. HM Payson & Co. purchased a new position in Restaurant Brands International during the 1st quarter worth approximately $26,000. Legend Financial Advisors Inc. purchased a new position in Restaurant Brands International during the 2nd quarter worth approximately $33,000. CX Institutional grew its stake in Restaurant Brands International by 928.0% during the 2nd quarter. CX Institutional now owns 514 shares of the restaurant operator’s stock worth $34,000 after buying an additional 464 shares during the last quarter. Private Trust Co. NA grew its stake in 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, Smartleaf Asset Management LLC grew its stake in Restaurant Brands International by 91.2% during the 1st quarter. Smartleaf Asset Management LLC now owns 545 shares of the restaurant operator’s stock worth $35,000 after buying an additional 260 shares during the last quarter. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Restaurant Brands International Stock Down 0.1%

Restaurant Brands International stock opened at $67.38 on Monday. Restaurant Brands International Inc. has a twelve month low of $58.71 and a twelve month high of $74.09. The stock has a 50 day moving average of $64.77 and a two-hundred day moving average of $66.30. The company has a current ratio of 1.01, a quick ratio of 0.95 and a debt-to-equity ratio of 2.69. The stock has a market capitalization of $22.09 billion, a price-to-earnings ratio of 25.52, a PEG ratio of 2.93 and a beta of 0.65.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted 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 company had revenue of $2.41 billion for the quarter, compared to analyst estimates 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 in the previous year, the business posted $0.86 earnings per share. As a group, research analysts expect 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 declared a quarterly dividend, which was paid on Tuesday, October 7th. Stockholders of record on Tuesday, September 23rd were issued a $0.62 dividend. This represents a $2.48 annualized dividend 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 currently 93.94%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on QSR shares. Bank of America dropped their price target on Restaurant Brands International from $62.00 to $60.00 and set an “underperform” rating on the stock in a research note on Friday, July 18th. Morgan Stanley dropped their price target on Restaurant Brands International from $73.00 to $72.00 and set an “equal weight” rating on the stock in a research note on Monday, July 14th. Guggenheim increased their price objective on Restaurant Brands International from $77.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, August 13th. Loop Capital reaffirmed a “buy” rating on shares of Restaurant Brands International in a research report on Thursday, June 26th. Finally, Truist Financial increased their price objective on Restaurant Brands International from $78.00 to $81.00 and gave the stock a “buy” rating in a research report on Wednesday, July 9th. Eleven research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $75.21.

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.