Caldwell Trust Co Buys 12,866 Shares of Restaurant Brands International Inc. $QSR

Caldwell Trust Co grew its stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 495.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,465 shares of the restaurant operator’s stock after buying an additional 12,866 shares during the period. Caldwell Trust Co’s holdings in Restaurant Brands International were worth $1,143,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. D.A. Davidson & CO. increased its holdings in Restaurant Brands International by 1.9% in the 4th quarter. D.A. Davidson & CO. now owns 8,451 shares of the restaurant operator’s stock worth $577,000 after acquiring an additional 154 shares in the last quarter. Capital Analysts LLC raised its stake in Restaurant Brands International by 20.6% during the 4th quarter. Capital Analysts LLC now owns 924 shares of the restaurant operator’s stock worth $63,000 after acquiring an additional 158 shares during the period. Legacy Wealth Asset Management LLC lifted its holdings in Restaurant Brands International by 2.0% during the fourth quarter. Legacy Wealth Asset Management LLC now owns 8,029 shares of the restaurant operator’s stock valued at $548,000 after purchasing an additional 161 shares in the last quarter. Applied Finance Capital Management LLC lifted its holdings in Restaurant Brands International by 1.9% during the fourth quarter. Applied Finance Capital Management LLC now owns 9,440 shares of the restaurant operator’s stock valued at $644,000 after purchasing an additional 179 shares in the last quarter. Finally, Asset Management One Co. Ltd. boosted its position in shares of Restaurant Brands International by 0.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 57,512 shares of the restaurant operator’s stock worth $3,967,000 after purchasing an additional 194 shares during the period. 82.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

QSR has been the subject of a number of analyst reports. Citigroup reduced their price objective on shares of Restaurant Brands International from $88.00 to $84.00 and set a “neutral” rating for the company in a research note on Thursday, May 7th. Morgan Stanley lifted their target price on shares of Restaurant Brands International from $77.00 to $78.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 3rd. Piper Sandler raised shares of Restaurant Brands International from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $71.00 to $84.00 in a report on Monday, March 2nd. Guggenheim increased their price target on Restaurant Brands International from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Finally, TD Cowen raised their price target on Restaurant Brands International from $76.00 to $79.00 and gave the company a “hold” rating in a report on Wednesday, May 6th. Fifteen equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Restaurant Brands International has an average rating of “Moderate Buy” and a consensus price target of $83.54.

Restaurant Brands International Trading Up 1.5%

Restaurant Brands International stock opened at $74.36 on Friday. Restaurant Brands International Inc. has a 1 year low of $61.33 and a 1 year high of $81.96. The firm’s 50 day moving average price is $75.86 and its 200-day moving average price is $72.64. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.99 and a quick ratio of 0.90. The stock has a market cap of $25.83 billion, a P/E ratio of 26.18, a PEG ratio of 1.93 and a beta of 0.49.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its earnings results on Wednesday, May 6th. The restaurant operator reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.03. The firm had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.24 billion. Restaurant Brands International had a net margin of 9.96% and a return on equity of 32.80%. Restaurant Brands International’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.75 earnings per share. On average, equities analysts predict that Restaurant Brands International Inc. will post 4.07 earnings per share for the current fiscal year.

Restaurant Brands International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Tuesday, June 23rd will be paid a $0.65 dividend. The ex-dividend date is Tuesday, June 23rd. This represents a $2.60 annualized dividend and a yield of 3.5%. Restaurant Brands International’s payout ratio is presently 91.55%.

Restaurant Brands International Profile

Restaurant Brands International Inc (NYSE: QSR) is a global quick-service restaurant company formed through the combination of established brands. The company’s principal holdings include Burger King, Tim Hortons and Popeyes, each of which operates under its own brand identity and menu. Restaurant Brands International’s business is centered on developing and expanding these franchised restaurant systems, supporting franchisees with brand management, supply chain coordination, and marketing programs.

RBI’s restaurants offer a range of quick-service food and beverage products: Burger King is known for its flame-grilled hamburgers and sandwiches, Tim Hortons for coffee, baked goods and breakfast items, and Popeyes for Louisiana-style fried chicken and seafood.