Restaurant Brands International Inc. $QSR Stock Position Raised by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lifted its position in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 37.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,797 shares of the restaurant operator’s stock after acquiring an additional 2,118 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Restaurant Brands International were worth $517,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in QSR. HM Payson & Co. purchased a new stake in Restaurant Brands International in the 1st quarter worth approximately $26,000. Legend Financial Advisors Inc. purchased a new stake in Restaurant Brands International in the 2nd quarter worth approximately $33,000. CX Institutional lifted its position in Restaurant Brands International by 928.0% in the 2nd quarter. CX Institutional now owns 514 shares of the restaurant operator’s stock worth $34,000 after buying an additional 464 shares in the last quarter. Private Trust Co. NA lifted its position in Restaurant Brands International by 96.6% in 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 in the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in Restaurant Brands International by 91.2% in 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 in the last quarter. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Restaurant Brands International Stock Performance

Shares of QSR opened at $67.77 on Tuesday. Restaurant Brands International Inc. has a 12 month low of $58.71 and a 12 month high of $74.09. The company’s fifty day moving average is $64.83 and its 200-day moving average is $66.33. The company has a quick ratio of 0.95, a current ratio of 1.01 and a debt-to-equity ratio of 2.69. The firm has a market cap of $22.21 billion, a price-to-earnings ratio of 25.67, a price-to-earnings-growth ratio of 2.93 and a beta of 0.65.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its earnings results on Thursday, August 7th. The restaurant operator reported $0.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.03). Restaurant Brands International had a net margin of 9.43% and a return on equity of 29.54%. The firm had revenue of $2.41 billion during the quarter, compared to analyst estimates of $2.33 billion. During the same quarter in the previous year, the business posted $0.86 earnings per share. The business’s quarterly revenue was up 15.9% compared to the same quarter last year. Equities analysts expect that Restaurant Brands International Inc. will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 7th. Investors of record on Tuesday, September 23rd were paid a $0.62 dividend. The ex-dividend date was Tuesday, September 23rd. This represents a $2.48 dividend on an annualized basis and a yield of 3.7%. Restaurant Brands International’s dividend payout ratio (DPR) is presently 93.94%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on QSR shares. Melius started coverage on shares of Restaurant Brands International in a research report on Monday, July 14th. They issued a “buy” rating and a $90.00 target price for the company. Barclays cut their target price on shares of Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating for the company in a research report on Friday, August 8th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Restaurant Brands International in a research report on Wednesday, October 8th. Morgan Stanley dropped their price target on shares of 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. Finally, Truist Financial increased their price target on shares of Restaurant Brands International from $78.00 to $81.00 and gave the stock a “buy” rating in a research note on Wednesday, July 9th. Eleven 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. Based on data from MarketBeat, Restaurant Brands International currently has an average rating of “Hold” and an average target price of $75.21.

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.