Caldwell Trust Co Raises Stock Holdings in Restaurant Brands International Inc. $QSR

Caldwell Trust Co lifted its holdings in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 495.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,465 shares of the restaurant operator’s stock after buying an additional 12,866 shares during the quarter. Caldwell Trust Co’s holdings in Restaurant Brands International were worth $1,143,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in QSR. Lloyd Advisory Services LLC. purchased a new stake in shares of Restaurant Brands International in the 4th quarter worth approximately $25,000. Larson Financial Group LLC raised its stake in 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 buying an additional 346 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in Restaurant Brands International during the fourth quarter valued at $29,000. UMB Bank n.a. boosted its holdings in Restaurant Brands International by 50.4% in the fourth quarter. UMB Bank n.a. now owns 639 shares of the restaurant operator’s stock worth $44,000 after acquiring an additional 214 shares in the last quarter. Finally, Capital Analysts LLC boosted its holdings in Restaurant Brands International by 20.6% in the fourth quarter. Capital Analysts LLC now owns 924 shares of the restaurant operator’s stock worth $63,000 after acquiring an additional 158 shares in the last quarter. Institutional investors own 82.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on QSR. Barclays raised their price target on Restaurant Brands International from $85.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Truist Financial upped their price target on shares of Restaurant Brands International from $83.00 to $87.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Oppenheimer increased their price objective on shares of Restaurant Brands International from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Wednesday, March 18th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $86.00 price objective on shares of Restaurant Brands International in a research note on Thursday, May 7th. Finally, Citigroup decreased their target price on shares of Restaurant Brands International from $88.00 to $84.00 and set a “neutral” rating for the company in a report on Thursday, May 7th. Fifteen equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Restaurant Brands International currently has a consensus rating of “Moderate Buy” and an average price target of $83.54.

Restaurant Brands International Trading Up 1.5%

Restaurant Brands International stock opened at $74.36 on Friday. The business has a 50-day simple moving average of $75.86 and a two-hundred day simple moving average of $72.64. The company has a quick ratio of 0.90, a current ratio of 0.99 and a debt-to-equity ratio of 2.55. The company has a market cap of $25.83 billion, a P/E ratio of 26.18, a P/E/G ratio of 1.93 and a beta of 0.49. Restaurant Brands International Inc. has a 52-week low of $61.33 and a 52-week high of $81.96.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings results on Wednesday, May 6th. The restaurant operator reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.03. The business had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.24 billion. Restaurant Brands International had a net margin of 9.96% and a return on equity of 32.80%. The company’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period last year, the firm earned $0.75 earnings per share. Analysts predict that Restaurant Brands International Inc. will post 4.07 EPS for the current year.

Restaurant Brands International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Tuesday, June 23rd will be paid a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Tuesday, June 23rd. Restaurant Brands International’s dividend payout ratio is 91.55%.

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.