Swiss National Bank Grows Holdings in Restaurant Brands International Inc. $QSR

Swiss National Bank boosted its position in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 34.2% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 1,107,530 shares of the restaurant operator’s stock after purchasing an additional 282,100 shares during the period. Swiss National Bank’s holdings in Restaurant Brands International were worth $81,836,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Assetmark Inc. boosted its stake in shares of Restaurant Brands International by 5.9% in the 1st quarter. Assetmark Inc. now owns 37,297 shares of the restaurant operator’s stock worth $2,756,000 after buying an additional 2,073 shares during the last quarter. Bessemer Group Inc. lifted its holdings in Restaurant Brands International by 78.1% during the first quarter. Bessemer Group Inc. now owns 732 shares of the restaurant operator’s stock worth $54,000 after acquiring an additional 321 shares during the period. Allspring Global Investments Holdings LLC boosted its position in Restaurant Brands International by 0.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 59,523 shares of the restaurant operator’s stock worth $4,470,000 after purchasing an additional 217 shares during the last quarter. Quartz Partners LLC grew its stake in Restaurant Brands International by 7.8% in the 1st quarter. Quartz Partners LLC now owns 76,304 shares of the restaurant operator’s stock valued at $5,639,000 after purchasing an additional 5,494 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in Restaurant Brands International by 6.5% in the 1st quarter. Bank of New York Mellon Corp now owns 1,065,880 shares of the restaurant operator’s stock valued at $78,769,000 after purchasing an additional 64,670 shares during the period. Institutional investors own 82.29% of the company’s stock.

Restaurant Brands International Price Performance

Shares of NYSE:QSR opened at $73.82 on Wednesday. The stock has a market cap of $25.78 billion, a PE ratio of 25.99, a PEG ratio of 2.16 and a beta of 0.50. The company’s fifty day moving average is $74.21 and its 200 day moving average is $73.17. Restaurant Brands International Inc. has a 52 week low of $61.33 and a 52 week high of $81.96. The company has a quick ratio of 0.90, a current ratio of 0.99 and a debt-to-equity ratio of 2.55.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings results on Wednesday, May 6th. The restaurant operator reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.03. Restaurant Brands International had a net margin of 9.96% and a return on equity of 32.80%. The business had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same period in the previous year, the firm posted $0.75 earnings per share. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. Research analysts anticipate that Restaurant Brands International Inc. will post 4.04 earnings per share for the current year.

Restaurant Brands International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Tuesday, June 23rd were paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Tuesday, June 23rd. Restaurant Brands International’s payout ratio is 91.55%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on QSR. Barclays boosted their price target on shares of Restaurant Brands International from $85.00 to $92.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Morgan Stanley boosted their target price on shares of Restaurant Brands International from $78.00 to $79.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 15th. CL King set a $81.00 price target on shares of Restaurant Brands International in a research note on Thursday, May 7th. Robert W. Baird raised their price target on Restaurant Brands International from $72.00 to $80.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Finally, KeyCorp lifted their price target on Restaurant Brands International from $78.00 to $90.00 and gave the company an “overweight” rating in a research report on Monday, April 20th. Fifteen analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Restaurant Brands International has an average rating of “Moderate Buy” and an average price target of $84.14.

About Restaurant Brands International

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.