Van ECK Associates Corp Has $31.82 Million Holdings in Restaurant Brands International Inc. $QSR

Van ECK Associates Corp grew its position in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 42.2% in the 2nd quarter, HoldingsChannel reports. The fund owned 439,207 shares of the restaurant operator’s stock after buying an additional 130,422 shares during the period. Van ECK Associates Corp’s holdings in Restaurant Brands International were worth $31,825,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of QSR. Baupost Group LLC MA lifted its holdings in shares of Restaurant Brands International by 103.8% in the 3rd quarter. Baupost Group LLC MA now owns 8,252,862 shares of the restaurant operator’s stock worth $529,337,000 after purchasing an additional 4,203,300 shares in the last quarter. Platinum Paramount Investment LTD. acquired a new position in Restaurant Brands International during the fourth quarter worth $281,033,000. Norges Bank acquired a new position in Restaurant Brands International during the fourth quarter worth $260,709,000. Capital World Investors lifted its stake in shares of Restaurant Brands International by 7.7% in the fourth quarter. Capital World Investors now owns 43,525,570 shares of the restaurant operator’s stock valued at $2,969,819,000 after buying an additional 3,095,167 shares in the last quarter. Finally, State Street Corp lifted its stake in shares of Restaurant Brands International by 9,477.4% in the second quarter. State Street Corp now owns 2,997,344 shares of the restaurant operator’s stock valued at $198,711,000 after buying an additional 2,966,048 shares in the last quarter. 82.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on QSR shares. Piper Sandler reduced their price objective on shares of Restaurant Brands International from $85.00 to $81.00 and set an “overweight” rating for the company in a report on Friday, August 7th. Robert W. Baird raised their price target on shares of Restaurant Brands International from $80.00 to $85.00 and gave the company a “neutral” rating in a research report on Monday, August 24th. Citigroup cut their price target on 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. Deutsche Bank Aktiengesellschaft decreased their price objective on Restaurant Brands International from $86.00 to $85.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Finally, TD Cowen increased their price objective on Restaurant Brands International from $79.00 to $80.00 and gave the stock a “hold” rating in a research note on Thursday, July 9th. Sixteen research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $83.91.

Restaurant Brands International Price Performance

Restaurant Brands International stock opened at $78.39 on Monday. Restaurant Brands International Inc. has a 52 week low of $61.33 and a 52 week high of $81.96. The company’s 50 day moving average price is $75.03 and its two-hundred day moving average price is $74.65. The company has a quick ratio of 0.92, a current ratio of 1.01 and a debt-to-equity ratio of 2.49. The stock has a market cap of $27.37 billion, a P/E ratio of 21.07, a P/E/G ratio of 2.12 and a beta of 0.50.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced 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 firm had revenue of $2.52 billion for 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 company’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.94 EPS. On average, equities analysts predict that Restaurant Brands International Inc. will post 4.03 earnings per share for the current year.

Restaurant Brands International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 18th will be given a $0.65 dividend. 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 payout ratio is currently 69.89%.

Restaurant Brands International Company 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.