Burney Co. Has $298,000 Stake in Restaurant Brands International Inc. $QSR

Burney Co. lessened its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 35.3% during the second quarter, HoldingsChannel.com reports. The firm owned 4,491 shares of the restaurant operator’s stock after selling 2,453 shares during the quarter. Burney Co.’s holdings in Restaurant Brands International were worth $298,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in QSR. Royal Bank of Canada boosted its stake in shares of Restaurant Brands International by 16.7% in the first 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. Vanguard Group Inc. raised its holdings in Restaurant Brands International by 7.6% in the 1st quarter. Vanguard Group Inc. now owns 14,169,061 shares of the restaurant operator’s stock valued at $944,538,000 after acquiring an additional 1,003,563 shares in the last quarter. EdgePoint Investment Group Inc. lifted its position in shares of Restaurant Brands International by 7.0% during the 1st quarter. EdgePoint Investment Group Inc. now owns 13,715,604 shares of the restaurant operator’s stock valued at $914,463,000 after acquiring an additional 896,034 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Restaurant Brands International by 0.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,108,527 shares of the restaurant operator’s stock valued at $540,352,000 after acquiring an additional 47,192 shares during the period. Finally, 1832 Asset Management L.P. grew its holdings in shares of Restaurant Brands International by 4.3% during the 1st quarter. 1832 Asset Management L.P. now owns 6,959,757 shares of the restaurant operator’s stock worth $463,798,000 after purchasing an additional 289,233 shares in the last quarter. 82.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on QSR. Bank of America dropped their price target on 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. Argus cut shares of Restaurant Brands International from a “buy” rating to a “hold” rating in a research report on Friday, August 15th. Robert W. Baird upped their price target on shares of Restaurant Brands International from $68.00 to $72.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Citigroup lifted their price objective on shares of Restaurant Brands International from $72.00 to $74.00 and gave the company a “neutral” rating in a research note on Thursday, October 16th. Finally, Piper Sandler lowered their price target on Restaurant Brands International from $72.00 to $70.00 and set a “neutral” rating for the company in a report on Friday, August 8th. Nine equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Restaurant Brands International has an average rating of “Hold” and a consensus target price of $74.76.

Restaurant Brands International Price Performance

QSR stock opened at $68.17 on Friday. The company has a market capitalization of $22.35 billion, a P/E ratio of 24.26, a PEG ratio of 2.67 and a beta of 0.63. The company has a fifty day moving average price of $65.52 and a 200-day moving average price of $66.75. 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 52-week low of $58.71 and a 52-week high of $72.32.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings data on Thursday, October 30th. The restaurant operator reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.03. The business had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $2.39 billion. Restaurant Brands International had a return on equity of 32.43% and a net margin of 9.95%.Restaurant Brands International’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.93 earnings per share. As a group, equities analysts expect that Restaurant Brands International Inc. will post 3.72 EPS for the current year.

Restaurant Brands International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Tuesday, December 23rd will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Tuesday, December 23rd. Restaurant Brands International’s payout ratio is currently 88.26%.

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.