Restaurant Brands International Inc. $QSR Shares Purchased by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR boosted its stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 3.8% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 7,975 shares of the restaurant operator’s stock after purchasing an additional 290 shares during the period. Generali Asset Management SPA SGR’s holdings in Restaurant Brands International were worth $529,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Raleigh Capital Management Inc. boosted its holdings in Restaurant Brands International by 2.2% in the 2nd quarter. Raleigh Capital Management Inc. now owns 6,937 shares of the restaurant operator’s stock valued at $460,000 after purchasing an additional 151 shares in the last quarter. Ritholtz Wealth Management boosted its holdings in Restaurant Brands International by 3.6% in the 2nd quarter. Ritholtz Wealth Management now owns 4,983 shares of the restaurant operator’s stock valued at $330,000 after purchasing an additional 174 shares in the last quarter. UMB Bank n.a. boosted its holdings in Restaurant Brands International by 49.3% in the 2nd quarter. UMB Bank n.a. now owns 606 shares of the restaurant operator’s stock valued at $40,000 after purchasing an additional 200 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in Restaurant Brands International by 23.7% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,227 shares of the restaurant operator’s stock valued at $81,000 after purchasing an additional 235 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its holdings in Restaurant Brands International by 2.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 10,330 shares of the restaurant operator’s stock valued at $685,000 after purchasing an additional 239 shares in the last quarter. Institutional investors and hedge funds own 82.29% of the company’s stock.

Restaurant Brands International Price Performance

Shares of NYSE:QSR opened at $67.38 on Friday. The business’s 50 day simple moving average is $64.77 and its 200-day simple moving average is $66.31. The firm has a market capitalization of $22.09 billion, a price-to-earnings ratio of 25.52, a price-to-earnings-growth ratio of 2.93 and a beta of 0.65. The company has a debt-to-equity ratio of 2.69, a current ratio of 1.01 and a quick ratio of 0.95. Restaurant Brands International Inc. has a 12 month low of $58.71 and a 12 month high of $74.09.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its earnings results on Thursday, August 7th. The restaurant operator reported $0.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.03). Restaurant Brands International had a net margin of 9.43% and a return on equity of 29.54%. The company had revenue of $2.41 billion during the quarter, compared to analysts’ expectations of $2.33 billion. During the same period in the previous year, the company posted $0.86 EPS. Restaurant Brands International’s quarterly revenue was up 15.9% compared to the same quarter last year. As a group, equities analysts forecast that Restaurant Brands International Inc. will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 7th. Investors of record on Tuesday, September 23rd were paid a $0.62 dividend. The ex-dividend date of this dividend was Tuesday, September 23rd. This represents a $2.48 dividend on an annualized basis and a yield of 3.7%. Restaurant Brands International’s dividend payout ratio is presently 93.94%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on QSR shares. Barclays lowered their price objective on Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating on the stock in a report on Friday, August 8th. Truist Financial lifted their price objective on Restaurant Brands International from $78.00 to $81.00 and gave the company a “buy” rating in a report on Wednesday, July 9th. Northcoast Research lowered Restaurant Brands International from a “buy” rating to a “neutral” rating in a report on Friday, September 12th. Sanford C. Bernstein set a $78.00 price target on Restaurant Brands International in a research note on Friday, August 8th. Finally, Scotiabank boosted their price target on Restaurant Brands International from $71.00 to $73.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 8th. Eleven investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $75.21.

Restaurant Brands International Profile

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.