Van ECK Associates Corp Purchases 130,422 Shares of Restaurant Brands International Inc. $QSR

Van ECK Associates Corp lifted its position in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 42.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 439,207 shares of the restaurant operator’s stock after acquiring an additional 130,422 shares during the quarter. Van ECK Associates Corp owned approximately 0.13% of Restaurant Brands International worth $31,825,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Lloyd Advisory Services LLC. acquired a new position in Restaurant Brands International in the 4th quarter worth about $25,000. Larson Financial Group LLC boosted its stake in shares of Restaurant Brands International by 1,922.2% during the fourth quarter. Larson Financial Group LLC now owns 364 shares of the restaurant operator’s stock valued at $25,000 after purchasing an additional 346 shares in the last quarter. Western Wealth Management LLC bought a new stake in shares of Restaurant Brands International during the first quarter worth about $28,000. CoreCap Advisors LLC grew its holdings in shares of Restaurant Brands International by 304.3% during the second quarter. CoreCap Advisors LLC now owns 465 shares of the restaurant operator’s stock worth $34,000 after purchasing an additional 350 shares during the last quarter. Finally, Cassaday & Co Wealth Management LLC acquired a new position in shares of Restaurant Brands International in the first quarter valued at approximately $40,000. Institutional investors own 82.29% of the company’s stock.

Wall Street Analyst Weigh In

QSR has been the subject of a number of research reports. Weiss Ratings upgraded shares of Restaurant Brands International from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, August 12th. Piper Sandler reduced their target price on shares of Restaurant Brands International from $85.00 to $81.00 and set an “overweight” rating on the stock in a report on Friday, August 7th. CL King set a $80.00 price target on shares of Restaurant Brands International in a research report on Monday, August 10th. Citigroup dropped their price target on shares of Restaurant Brands International from $84.00 to $78.00 and set a “neutral” rating for the company in a research note on Friday, July 24th. Finally, Scotiabank reduced their price objective on shares of Restaurant Brands International from $83.00 to $81.00 and set a “sector perform” rating on the stock in a research note on Friday, August 7th. Sixteen investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $83.91.

Restaurant Brands International Stock Performance

QSR stock opened at $78.39 on Monday. Restaurant Brands International Inc. has a 1-year low of $61.33 and a 1-year high of $81.96. The company has a current ratio of 1.01, a quick ratio of 0.92 and a debt-to-equity ratio of 2.49. The stock has a 50-day moving average price of $75.03 and a 200-day moving average price of $74.65. The firm has a market cap of $27.37 billion, a PE ratio of 21.07, a price-to-earnings-growth ratio of 2.12 and a beta of 0.50.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its earnings results on Thursday, August 6th. The restaurant operator reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.03. The business had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.52 billion. Restaurant Brands International had a return on equity of 33.43% and a net margin of 13.12%.The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.94 earnings per share. As a group, equities research analysts expect that Restaurant Brands International Inc. will post 4.03 earnings per share for the current year.

Restaurant Brands International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 18th will be paid a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, September 18th. This represents a $2.60 annualized dividend and a yield of 3.3%. Restaurant Brands International’s dividend payout ratio is currently 69.89%.

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.