Citigroup Raises Restaurant Brands International (NYSE:QSR) Price Target to $79.00

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price objective lifted by Citigroup from $78.00 to $79.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. They currently have a neutral rating on the restaurant operator’s stock.

A number of other analysts have also commented on the company. Royal Bank of Canada decreased their price objective on Restaurant Brands International from $91.00 to $90.00 and set an outperform rating for the company in a report on Wednesday, February 14th. KeyCorp increased their price target on Restaurant Brands International from $82.00 to $85.00 and gave the company an overweight rating in a research report on Wednesday. TD Cowen reaffirmed a buy rating and set a $84.00 price objective on shares of Restaurant Brands International in a report on Tuesday. JPMorgan Chase & Co. increased their target price on shares of Restaurant Brands International from $78.00 to $82.00 and gave the company an overweight rating in a report on Friday, February 16th. Finally, Stifel Nicolaus boosted their price target on shares of Restaurant Brands International from $72.00 to $80.00 and gave the stock a hold rating in a report on Thursday, January 4th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus target price of $83.56.

Restaurant Brands International Trading Up 2.2 %

Shares of Restaurant Brands International stock opened at $75.87 on Wednesday. The company has a debt-to-equity ratio of 2.72, a quick ratio of 0.94 and a current ratio of 1.08. Restaurant Brands International has a 52 week low of $61.77 and a 52 week high of $83.29. The stock has a 50 day moving average price of $76.57 and a two-hundred day moving average price of $74.51. The stock has a market capitalization of $24.00 billion, a PE ratio of 19.55, a price-to-earnings-growth ratio of 2.18 and a beta of 0.92.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings data on Tuesday, April 30th. The restaurant operator reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.01. The firm had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.70 billion. Restaurant Brands International had a net margin of 17.17% and a return on equity of 31.12%. The business’s revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.75 earnings per share. As a group, equities analysts anticipate that Restaurant Brands International will post 3.37 earnings per share for the current fiscal year.

Restaurant Brands International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, June 21st will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Friday, June 21st. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.06%. Restaurant Brands International’s dividend payout ratio (DPR) is currently 59.79%.

Insider Buying and Selling

In other news, CFO Matthew Dunnigan sold 14,565 shares of Restaurant Brands International stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $76.26, for a total transaction of $1,110,726.90. Following the completion of the sale, the chief financial officer now owns 55,863 shares in the company, valued at approximately $4,260,112.38. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CEO Joshua Kobza sold 36,371 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total value of $2,773,652.46. Following the transaction, the chief executive officer now owns 471,746 shares of the company’s stock, valued at approximately $35,975,349.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Matthew Dunnigan sold 14,565 shares of Restaurant Brands International stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $76.26, for a total transaction of $1,110,726.90. Following the sale, the chief financial officer now directly owns 55,863 shares of the company’s stock, valued at $4,260,112.38. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 380,200 shares of company stock worth $28,828,182. Corporate insiders own 1.25% of the company’s stock.

Institutional Investors Weigh In On Restaurant Brands International

A number of large investors have recently added to or reduced their stakes in QSR. Capital World Investors boosted its holdings in shares of Restaurant Brands International by 0.5% in the 4th quarter. Capital World Investors now owns 42,244,556 shares of the restaurant operator’s stock worth $3,300,579,000 after purchasing an additional 227,630 shares in the last quarter. Capital Research Global Investors lifted its position in Restaurant Brands International by 19.8% in the 4th quarter. Capital Research Global Investors now owns 24,012,659 shares of the restaurant operator’s stock worth $1,876,109,000 after buying an additional 3,971,774 shares during the last quarter. Vanguard Group Inc. boosted its stake in Restaurant Brands International by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 12,005,158 shares of the restaurant operator’s stock worth $937,963,000 after buying an additional 224,111 shares in the last quarter. 1832 Asset Management L.P. grew its position in Restaurant Brands International by 18.2% during the fourth quarter. 1832 Asset Management L.P. now owns 4,668,144 shares of the restaurant operator’s stock valued at $364,722,000 after acquiring an additional 717,346 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its holdings in shares of Restaurant Brands International by 5.6% in the 3rd quarter. CIBC Asset Management Inc now owns 4,345,692 shares of the restaurant operator’s stock worth $290,287,000 after acquiring an additional 228,654 shares during the last quarter. Hedge funds and other institutional investors own 82.29% of the company’s stock.

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.