Kestra Advisory Services LLC Acquires 10,358 Shares of Restaurant Brands International Inc. $QSR

Kestra Advisory Services LLC raised its holdings in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 121.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,918 shares of the restaurant operator’s stock after acquiring an additional 10,358 shares during the quarter. Kestra Advisory Services LLC’s holdings in Restaurant Brands International were worth $1,398,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Nichols & Pratt Advisers LLP MA raised its holdings in shares of Restaurant Brands International by 2.1% during the 1st quarter. Nichols & Pratt Advisers LLP MA now owns 54,754 shares of the restaurant operator’s stock valued at $4,046,000 after purchasing an additional 1,120 shares in the last quarter. Frank Rimerman Advisors LLC bought a new stake in Restaurant Brands International in the first quarter worth $202,000. Koshinski Asset Management Inc. acquired a new position in Restaurant Brands International during the first quarter worth $207,000. Meramec Financial Planners LLC acquired a new position in Restaurant Brands International during the first quarter worth $101,000. Finally, HB Wealth Management LLC raised its holdings in Restaurant Brands International by 16.1% during the first quarter. HB Wealth Management LLC now owns 12,533 shares of the restaurant operator’s stock valued at $926,000 after buying an additional 1,738 shares in the last quarter. 82.29% of the stock is owned by institutional investors.

Restaurant Brands International Price Performance

NYSE:QSR opened at $73.82 on Wednesday. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.99 and a quick ratio of 0.90. Restaurant Brands International Inc. has a one year low of $61.33 and a one year high of $81.96. The company has a fifty day moving average price of $74.21 and a 200 day moving average price of $73.17. The stock has a market cap of $25.78 billion, a P/E ratio of 25.99, a PEG ratio of 2.16 and a beta of 0.50.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings results on Wednesday, May 6th. The restaurant operator reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.03. Restaurant Brands International had a net margin of 9.96% and a return on equity of 32.80%. The company had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same period last year, the business posted $0.75 EPS. The business’s quarterly revenue was up 7.3% on a year-over-year basis. Analysts anticipate that Restaurant Brands International Inc. will post 4.04 earnings per share for the current year.

Restaurant Brands International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 7th. Investors of record on Tuesday, June 23rd were paid a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Tuesday, June 23rd. Restaurant Brands International’s dividend payout ratio (DPR) is presently 91.55%.

Analyst Ratings Changes

QSR has been the topic of several recent analyst reports. JPMorgan Chase & Co. lifted their target price on shares of Restaurant Brands International from $77.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. UBS Group upped their price target on shares of Restaurant Brands International from $85.00 to $90.00 and gave the company a “buy” rating in a report on Monday, May 4th. TD Cowen raised their price target on Restaurant Brands International from $79.00 to $80.00 and gave the company a “hold” rating in a research report on Thursday, July 9th. Barclays boosted their price objective on Restaurant Brands International from $85.00 to $92.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Finally, Wells Fargo & Company increased their target price on Restaurant Brands International from $75.00 to $80.00 and gave the company an “equal weight” rating in a research note on Thursday, May 7th. Fifteen equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $84.14.

About Restaurant Brands International

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.