Waterfront Wealth Inc. Has $959,000 Stock Holdings in Restaurant Brands International Inc. (NYSE:QSR)

Waterfront Wealth Inc. raised its stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 11.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,624 shares of the restaurant operator’s stock after buying an additional 1,432 shares during the period. Waterfront Wealth Inc.’s holdings in Restaurant Brands International were worth $959,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Mather Group LLC. bought a new stake in Restaurant Brands International in the first quarter worth approximately $25,000. Montag A & Associates Inc. acquired a new stake in shares of Restaurant Brands International in the fourth quarter worth $30,000. Crewe Advisors LLC bought a new stake in shares of Restaurant Brands International during the 1st quarter worth $48,000. Dixon Mitchell Investment Counsel Inc. acquired a new position in Restaurant Brands International in the 1st quarter valued at $59,000. Finally, Parallel Advisors LLC raised its holdings in Restaurant Brands International by 24.1% in the 4th quarter. Parallel Advisors LLC now owns 788 shares of the restaurant operator’s stock worth $62,000 after acquiring an additional 153 shares during the period. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

Restaurant Brands International Price Performance

Shares of QSR stock opened at $69.48 on Monday. The firm’s 50 day moving average price is $70.55 and its two-hundred day moving average price is $72.78. The stock has a market cap of $22.03 billion, a PE ratio of 17.91, a PEG ratio of 2.10 and a beta of 0.92. Restaurant Brands International Inc. has a 52-week low of $61.77 and a 52-week high of $83.29. The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.71 and a current ratio of 0.78.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its earnings results on Thursday, August 8th. The restaurant operator reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.01. The firm had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $2.05 billion. Restaurant Brands International had a return on equity of 30.78% and a net margin of 16.99%. As a group, analysts forecast that Restaurant Brands International Inc. will post 3.36 EPS for the current year.

Restaurant Brands International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Friday, September 20th will be issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date of this dividend is Friday, September 20th. Restaurant Brands International’s dividend payout ratio is currently 59.79%.

Insider Buying and Selling at Restaurant Brands International

In related news, insider Axel Mr Schwan sold 36,000 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $70.44, for a total transaction of $2,535,840.00. Following the sale, the insider now owns 97,479 shares of the company’s stock, valued at approximately $6,866,420.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.36% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Stifel Nicolaus decreased their price target on shares of Restaurant Brands International from $80.00 to $77.00 and set a “hold” rating for the company in a report on Tuesday, August 13th. The Goldman Sachs Group began coverage on Restaurant Brands International in a research report on Thursday, June 13th. They issued a “buy” rating and a $80.00 price objective for the company. TD Cowen reaffirmed a “buy” rating and set a $88.00 target price on shares of Restaurant Brands International in a research report on Thursday, August 8th. Piper Sandler reduced their price target on shares of Restaurant Brands International from $82.00 to $75.00 and set a “neutral” rating for the company in a report on Monday, August 12th. Finally, Genuity Capital Markets decreased their target price on Restaurant Brands International from $74.00 to $73.00 and set a “neutral” rating on the stock in a research report on Thursday, May 30th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $83.07.

Restaurant Brands International Company 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.