Nichols & Pratt Advisers LLP MA Buys 2,512 Shares of Restaurant Brands International Inc. (NYSE:QSR)

Nichols & Pratt Advisers LLP MA lifted its stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 14.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,825 shares of the restaurant operator’s stock after acquiring an additional 2,512 shares during the period. Nichols & Pratt Advisers LLP MA’s holdings in Restaurant Brands International were worth $1,395,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Mather Group LLC. bought a new position in Restaurant Brands International in the first quarter worth about $25,000. Montag A & Associates Inc. purchased a new stake in Restaurant Brands International during the fourth quarter valued at approximately $30,000. Crewe Advisors LLC purchased a new stake in Restaurant Brands International during the first quarter valued at approximately $48,000. Dixon Mitchell Investment Counsel Inc. acquired a new stake in Restaurant Brands International in the first quarter valued at approximately $59,000. Finally, Parallel Advisors LLC grew its holdings in Restaurant Brands International by 24.1% in the fourth quarter. Parallel Advisors LLC now owns 788 shares of the restaurant operator’s stock worth $62,000 after purchasing an additional 153 shares during the last quarter. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on QSR. The Goldman Sachs Group started coverage on Restaurant Brands International in a report on Thursday, June 13th. They set a “buy” rating and a $80.00 price objective for the company. TD Cowen reissued a “buy” rating and issued a $88.00 price target on shares of Restaurant Brands International in a report on Thursday, August 8th. Wells Fargo & Company cut their price objective on shares of Restaurant Brands International from $80.00 to $77.00 and set an “overweight” rating on the stock in a report on Friday, August 9th. Genuity Capital Markets decreased their price objective on shares of Restaurant Brands International from $74.00 to $73.00 and set a “neutral” rating for the company in a research report on Thursday, May 30th. Finally, Truist Financial dropped their target price on shares of Restaurant Brands International from $87.00 to $86.00 and set a “buy” rating on the stock in a research report on Monday, August 19th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $83.07.

Restaurant Brands International Stock Performance

QSR stock traded down $0.98 during midday trading on Friday, hitting $70.36. 1,434,853 shares of the stock traded hands, compared to its average volume of 1,623,030. Restaurant Brands International Inc. has a 1-year low of $61.77 and a 1-year high of $83.29. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.08 and a quick ratio of 1.00. The stock’s fifty day simple moving average is $70.52 and its 200-day simple moving average is $73.06. The firm has a market cap of $22.29 billion, a P/E ratio of 18.13, a PEG ratio of 2.06 and a beta of 0.92.

Restaurant Brands International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 20th will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date is Friday, September 20th. Restaurant Brands International’s dividend payout ratio (DPR) is presently 59.79%.

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.