Dendur Capital LP purchased a new position in Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 407,920 shares of the restaurant operator’s stock, valued at approximately $22,285,000. Restaurant Brands International comprises about 8.4% of Dendur Capital LP’s holdings, making the stock its 6th biggest position. Dendur Capital LP owned 0.13% of Restaurant Brands International at the end of the most recent quarter.
Several other large investors also recently modified their holdings of QSR. US Bancorp DE lifted its stake in Restaurant Brands International by 1.9% in the second quarter. US Bancorp DE now owns 13,182 shares of the restaurant operator’s stock worth $720,000 after acquiring an additional 250 shares during the period. Mount Yale Investment Advisors LLC lifted its holdings in Restaurant Brands International by 2.8% in the 2nd quarter. Mount Yale Investment Advisors LLC now owns 9,543 shares of the restaurant operator’s stock worth $521,000 after purchasing an additional 257 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Restaurant Brands International by 1.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 15,312 shares of the restaurant operator’s stock worth $613,000 after purchasing an additional 259 shares in the last quarter. Fifth Third Bancorp lifted its holdings in Restaurant Brands International by 3.3% in the 1st quarter. Fifth Third Bancorp now owns 8,894 shares of the restaurant operator’s stock worth $356,000 after purchasing an additional 285 shares in the last quarter. Finally, Aviva PLC lifted its holdings in Restaurant Brands International by 0.3% in the 1st quarter. Aviva PLC now owns 98,579 shares of the restaurant operator’s stock worth $3,944,000 after purchasing an additional 320 shares in the last quarter. 78.69% of the stock is currently owned by institutional investors.
Shares of Restaurant Brands International stock traded down $0.55 during trading hours on Friday, reaching $56.07. 2,142,108 shares of the company’s stock were exchanged, compared to its average volume of 1,832,391. Restaurant Brands International Inc has a 52-week low of $25.08 and a 52-week high of $76.19. The firm has a market capitalization of $17.00 billion, a price-to-earnings ratio of 26.45, a price-to-earnings-growth ratio of 2.94 and a beta of 1.26. The company has a fifty day moving average of $55.74 and a 200-day moving average of $52.35. The company has a current ratio of 1.73, a quick ratio of 1.66 and a debt-to-equity ratio of 3.54.
Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings results on Thursday, August 6th. The restaurant operator reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.04. Restaurant Brands International had a return on equity of 26.85% and a net margin of 11.82%. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the prior year, the company posted $0.71 EPS. The business’s revenue for the quarter was down 25.1% compared to the same quarter last year. On average, equities research analysts anticipate that Restaurant Brands International Inc will post 2.09 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 18th will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 3.71%. The ex-dividend date is Thursday, September 17th. Restaurant Brands International’s dividend payout ratio (DPR) is currently 76.47%.
A number of research analysts recently commented on QSR shares. Morgan Stanley boosted their price target on Restaurant Brands International from $60.00 to $62.00 and gave the stock an “overweight” rating in a report on Tuesday, June 30th. Royal Bank of Canada reduced their price objective on Restaurant Brands International from $63.00 to $62.00 and set an “outperform” rating on the stock in a research note on Monday, August 10th. SunTrust Banks lifted their price objective on Restaurant Brands International from $60.00 to $63.00 and gave the stock a “buy” rating in a research note on Tuesday, June 30th. Standpoint Research began coverage on Restaurant Brands International in a research note on Monday, May 18th. They issued a “buy” rating on the stock. Finally, Zacks Investment Research raised Restaurant Brands International from a “sell” rating to a “hold” rating and set a $57.00 price objective on the stock in a research note on Wednesday, May 27th. One research analyst has rated the stock with a sell rating, six have given a hold rating and seventeen have given a buy rating to the company. Restaurant Brands International has an average rating of “Buy” and an average price target of $62.20.
Restaurant Brands International Company Profile
Restaurant Brands International Inc owns, operates, and franchises quick service restaurants under the Tim Hortons (TH), Burger King (BK), and Popeyes (PLK) brand names. The company operates through three segments: TH, BK, and PLK. Its restaurants offer blend coffee, tea, espresso-based hot and cold specialty drinks, donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, hamburgers, chicken and other specialty sandwiches, french fries, soft drinks, chicken, chicken tenders, fried shrimp and other seafood, red beans and rice, and other food items.
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