Restaurant Brands International Inc. (NYSE:QSR) Receives Consensus Rating of “Moderate Buy” from Brokerages

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) has received an average recommendation of “Moderate Buy” from the twenty-six research firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and seventeen have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $82.37.

Several research firms have recently commented on QSR. Truist Financial reduced their target price on Restaurant Brands International from $87.00 to $86.00 and set a “buy” rating for the company in a research note on Monday, August 19th. TD Cowen lowered their price target on Restaurant Brands International from $82.00 to $80.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Bank of America lifted their target price on Restaurant Brands International from $76.00 to $77.00 and gave the stock an “underperform” rating in a report on Tuesday, October 22nd. KeyCorp lowered their target price on Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating on the stock in a report on Wednesday, November 6th. Finally, Stifel Nicolaus decreased their price objective on Restaurant Brands International from $77.00 to $72.00 and set a “hold” rating for the company in a research report on Thursday.

Restaurant Brands International Stock Down 1.4 %

QSR opened at $67.49 on Friday. The firm has a 50 day moving average price of $70.13 and a 200 day moving average price of $70.32. The company has a market cap of $21.85 billion, a PE ratio of 16.91, a price-to-earnings-growth ratio of 2.20 and a beta of 0.94. Restaurant Brands International has a 1 year low of $65.87 and a 1 year high of $83.29. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02.

Restaurant Brands International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 20th will be paid a $0.58 dividend. The ex-dividend date is Friday, December 20th. This represents a $2.32 annualized dividend and a yield of 3.44%. Restaurant Brands International’s dividend payout ratio (DPR) is 58.15%.

Insider Buying and Selling at Restaurant Brands International

In other news, insider Axel Mr Schwan sold 36,000 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $70.44, for a total transaction of $2,535,840.00. Following the transaction, the insider now directly owns 97,479 shares in the company, valued at approximately $6,866,420.76. This represents a 26.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Thomas Benjamin Curtis sold 6,536 shares of Restaurant Brands International stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $68.63, for a total value of $448,565.68. Following the completion of the transaction, the insider now owns 37,179 shares in the company, valued at approximately $2,551,594.77. This represents a 14.95 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.36% of the company’s stock.

Institutional Investors Weigh In On Restaurant Brands International

Several hedge funds have recently made changes to their positions in the company. Capital World Investors lifted its stake in shares of Restaurant Brands International by 1.1% in the first quarter. Capital World Investors now owns 42,711,485 shares of the restaurant operator’s stock worth $3,393,264,000 after buying an additional 466,929 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Restaurant Brands International by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 12,146,626 shares of the restaurant operator’s stock valued at $965,049,000 after acquiring an additional 141,468 shares during the period. EdgePoint Investment Group Inc. raised its stake in shares of Restaurant Brands International by 4.9% in the second quarter. EdgePoint Investment Group Inc. now owns 11,520,634 shares of the restaurant operator’s stock worth $811,907,000 after buying an additional 536,124 shares during the period. 1832 Asset Management L.P. lifted its holdings in Restaurant Brands International by 15.6% during the second quarter. 1832 Asset Management L.P. now owns 5,732,531 shares of the restaurant operator’s stock valued at $403,398,000 after purchasing an additional 773,783 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its holdings in Restaurant Brands International by 10.3% in the 2nd quarter. Mackenzie Financial Corp now owns 5,543,650 shares of the restaurant operator’s stock worth $390,678,000 after buying an additional 518,795 shares during the period. 82.29% of the stock is currently owned by institutional investors.

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.