Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR), the popular restaurant operator, has recently been assessed by Bloomberg Ratings, and has been assigned an average rating of “Hold”. The company is currently under the coverage of twenty-eight research analysts, ten of whom have rated the stock as a hold while seven have given it a buy rating. This comes against the backdrop of Restaurant Brands International announcing a quarterly dividend that will be paid on Thursday, July 6th.
According to sources, shareholders who are on record as at Thursday, June 22nd will receive a dividend of $0.55 per share. The ex-dividend date for this payout is Wednesday, June 21st. Analysts have calculated that the annualized basis for this dividend is $2.20 per share and gives investors a yield of about 3.01%. As things stand, Restaurant Brands International’s payout ratio is currently above sixty-seven percent.
Over time several institutional investors have made significant modifications to their stake holdings in QSR’s shares. Recently acquired positions include new buys from North Star Investment Management Corp., Legend Financial Advisors Inc., Spire Wealth Management and Optiver Holding B.V.. RFP Financial Group LLC has also made an acquisition of its own during the fourth quarter period last year. Cumulatively it appears that these purchases amount to nearly eighty percent (77.87%) of investment in Restaurant Brands International Inc.’s operations.
Despite their significant investment holdings within the company’s stock offerings, analysts predict an average target price over the next twelve months to end near $72.13 per share for those who bought more recently than a year ago.
With all these factors in play and looming economic uncertainty both domestically and globally; any serious investor looking to commit funds might want to take into account the information listed here as part of a comprehensive investment strategy before making any commitments in either direction or considering venturing into other similar sectors.
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QSR Shares See Surge in Value Following Positive Reports and Insider Trading Activity
The stock market is abuzz with news of QSR shares rising in value, following several expert research analysts forecasting their performance. Companies such as Evercore ISI and Barclays have increased their price objectives on Restaurant Brands International from $75 to $80 and $78 to $84, respectively. Scotiabank also initiated coverage of the shares, giving them a “sector outperform” rating along with a target price of $72. Royal Bank of Canada has raised its target price for QSR shares from $81 to $84. However, Citigroup’s recent report includes the reduction of their target price on QSR shares from $72 to $70 along with a neutral rating.
Other news driving the stock up concerns insiders’ activity. An insider by the name Sami A Siddiqui recently sold 15,000 shares of QSR business’s stock at an average price of $72.40 per share on Monday, May 8th – netting a total transaction value of over one million dollars.
Another insider, Director Ali Hedayat, also sold 7,772 shares for an average price of $72.54 per share on the same date. Though it’s important to note that there have been instances wherein insiders sell larger amounts just before potential drops in their company’s worth are evident; however strictly speaking these are only speculative possibilities.
This significant trading activity by insiders is noteworthy since they own 1.25% of the company’s outstanding shares and may indicate positive internal growth plans for Restaurant Brands International.
In addition, the company recently announced a quarterly dividend that will be paid out on July 6thof this year to shareholders who are registered on or before June 22ndof this year. Those shareholders will receive dividends valued at approximately $.55 per share.
QSR sits at its present value based upon reported earnings published in May which evidenced impressive results exceeding experts’ predictions prior to release; pushing their Q2 share value up considerably. Revenue investments that grew over 9.6% YoY indicate that prosperity is on the horizon for Restaurant Brands International.
With a positive outlook in line for the company, it is expected that Restaurant Brands International will trade well through the year with analysts foreseeing and forecasting an end result annual average earning value of @ $3.06 EPS (Earnings Per Share). Buyers may find it suitable to ride the wave of momentum currently affecting QSR’s stock prices.
