Company AGF Investments Inc. lowered its shares at Brands International Inc (NYSE: QSR) (42%) in the third quarter, according to a recent report by the Securities and Exchange Commission. The company had 291,547 stocks of restaurant stock, after selling 214,859 shares during that period. Company AGF Investments Inc. owned about 0.12% of the Brands International restaurant in the value of $ 17.263,000 of the latest DIP.
Several other institutional investors have also changed their QSR funds. Daiwa Securities Group Inc. bought a new stake in Restaurant Brands International in the second quarter worth $ 133,000. SG Americas Securities LLC gained a new stake in Restaurant Brands International in the second quarter worth $ 162,000. Northwestern Mutual Wealth Management Co. increased its position in the second quarter by 56.1% in the shares of Restaurant Brands International. Northwest Mutual Wealth Management Co. now owns 3,722 shares of $ 225,000 stock, after purchasing additional 1,377 shares during that period. KBC Group NV has bought a new stake in Restaurant Brands International in the second quarter worth $ 265,000. Finally, Campbell & CO Investment Adviser LLC gained a new stake in Restaurant Brands International in the second quarter worth $ 271,000. 79.10% of the shares are owned by institutional investors and hedge funds.
QSR is open on Thursday for $ 55.39. The company has a market cap of $ 14.05 billion, a ratio of P / E 26.38, a PEG ratio of 1.61 and a beta of 1.36. Brands International Inc. has 1 year low of $ 52.60 and 1 year high of $ 66.53. The company has a fast ratio of 1.27, a current ratio of 1.34 and a debt ratio of 2.73.
Brands International (NYSE: QSR) (TSE: QSR) for the last time published quarterly earnings data on Wednesday, October 24th. The restaurant operator reported EUR 0.63 earnings per share (EPS) per quarter, and analysts' consensus estimates of $ 0.65 ($ 0.02) were missing. The Brands International restaurant had a net margin of 12.76% and a return on equity of 28.42%. The company had revenue of $ 1.38 billion per quarter, compared to analysts $ 1.40 billion. In the same period last year, the company posted EUR 0.58 in EPS. Brands International's revenue for the quarter increased by 13.8% over the same period last year. As a group, analysts predict that Restaurant Brands International Inc. will release 2.62 earnings per share for the current year.
The company also recently announced a quarterly dividend that will be paid on Friday, January 4th. Shareholders of the record on Monday, December 17 will issue a $ 0.45 dividend per share. The date of the ex-dividend is Friday, December 14th. This represents an annual dividend of $ 1.80 and a yield of 3.25%. The dividend payment ratio of Brands International (DPR) is currently 85.71%.
QSR was the subject of several recent analytical reports. On Thursday, August 23, ValuEngine abandoned the restaurant "Brands International" with the rating "hold" on the "sell" rating. Wells Fargo & Co. reduced its price target at Restaurant Brands International from $ 69.00 to $ 63.00, and on Tuesday, October 16, posted a rating of "market performance" for the company. Citigroup raised its price target at Brands International from $ 70.00 to $ 72.00, and the company gave the "buy" company in a research report Monday, August 13th. KeyCorp took over coverage at Restaurant Brands International in a survey report on Wednesday, October 3rd. They rated the "overweight" and the goal was $ 68.00 for the company. Finally, Scotiabank re-issued the "buy" rating and set a $ 70.00 target for the shares of Restaurant Brands International in its research report Thursday, August 2nd. One research analyst rated the shares with a sales rating, four issued a rating for sale, and twelve issued an estimate of buying a stake. The company currently has an average "Buy" rating and an average price target of $ 69.80.
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Restaurant Brands International Profile
Restaurant Brands International Inc owns, operates a franchise of fast-food restaurants under these names Tim Hortons (TH), Burger King (BK) and Popeyes (PLK). The company operates through three segments: TH, BK and PLK. Its restaurants offer a mix of coffee, tea, hot and cold specialty drinks, cakes and cakes, grilled sandwiches, classic sandwiches, wraps, soups, hamburgers, chicken and other special sandwiches, fried potatoes, soft drinks, chicken, chicken tenders, fried shrimp and other seafood, red beans and rice, and other food products.
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