Capital Research & Management Co has recently announced that it has increased stake in Restaurant Brands International Inc. (NYSE:QSR) by 6.77%. After grabbing 40.1 million shares, the institutional investor is now in possession of 2.54 million shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 13.02% having worth around $2.59 billion. Moreover, Capital Research & Management Co increased its share by 5.08 million to have a control over 10.27 million shares. And The Vanguard Group, Inc. raised its holdings to 92554.0 shares by acquiring 7.31 million shares or 2.37% of the stake.
Restaurant Brands International Inc. (QSR) concluded trading on 03/16/23 at a closing price of $61.89, with 1.26 million shares of worth about $78.29 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 3.91% during that period and on Thursday the price saw a gain of about 0.26%. Currently the company’s common shares owned by public are about 304.00M shares, out of which, 302.24M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 28 analysts are covering the QSR stock and their offered price forecasts bring an average price target of $72.12. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $81.00 and could fall to a lowest price of $63.00. The stock’s current price level is 12.39% above of average price target set by the analysts, while a rise to estimated low would result in gain of 1.76% for the stock. However, touching the estimated high of $81.00 would mean a gain of 23.59% for the stock.
Pershing Square Holdings Ltd., American Funds Fundamental Invest, and American Funds Income Fund of Ame are the top 3 mutual funds which are holding stakes in Restaurant Brands International Inc. Pershing Square Holdings Ltd. is currently holding 21.39 million shares of worth totaling $1.38 billion. The company recently came buying 0.0 shares which brought its stake up to 6.95% of the company’s outstanding shares. American Funds Fundamental Invest bought 0.85 million shares, after which its hold over company’s outstanding shares expand to 4.08%, leaving 12.57 million shares with the mutual fund that have a worth of about $810.66 million. American Funds Income Fund of Ame, after buying 11.75 million shares, have now control over 3.82% of the stake in the company. It holds 1.03 million shares of worth $758.02 million.
Restaurant Brands International Inc. (NYSE: QSR) started trading at $61.44, below -$0.29 from concluding price of the previous day. However, the stock later moved at a day high price of 62.03, or with a gain of 0.26%. Stock saw a price change of 1.43% in past 5 days and over the past one month there was a price change of -7.09%. Year-to-date (YTD), QSR shares are showing a performance of -4.30% which increased to 9.83% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $46.68 but also hit the highest price of $68.89 during that period. The average intraday trading volume for Restaurant Brands International Inc. shares is 1.38 million. The stock is currently trading -3.49% below its 20-day simple moving average (SMA20), while that difference is down -5.70% for SMA50 and it goes to 3.84% higher than SMA200.
Capital Research & Management Co acquired 40.1 million shares of Restaurant Brands International Inc. having value of about $2.59 billion. Data submitted at the U.S SEC by Capital Research & Management Co revealed that the firm now holds 2.54 million shares in the company valued at close to $157289164.59, or have control over 6.77% stake in the company. Restaurant Brands International Inc. (NYSE: QSR) currently have 304.00M outstanding shares and institutions hold larger chunk of about 86.20% of that. Holding of mutual funds in the company is about 4.64% while other institutional holders and individual stake holders have control over 51.26% and 33.02% of the stake respectively.
The stock has a current market capitalization of $19.21B and its 3Y-monthly beta is at 1.00. PE ratio of stock for trailing 12 months is 19.05, while it has posted earnings per share of $3.25 in the same period. Its PEG reads 4.32 and has Quick Ratio of 0.90 while making debt-to-equity ratio of 5.31. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for QSR, volatility over the week remained 2.32% while standing at 1.88% over the month.
Analysts are in expectations that Restaurant Brands International Inc. (QSR) stock would likely to be making an EPS of $0.74 in the current quarter, while forecast for next quarter EPS is $0.65 and it is $3.05 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.69 which is $0.81 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.74 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 20.80% while it is estimated to increase by 11.49% in next year. EPS is likely to shrink at an annualized rate of 4.41% for next 5-years, compared to annual growth of 8.90% made by the stock over the past 5-years.
Analysts at 28 brokerage firms have issued recommendations for the Restaurant Brands International Inc. (QSR)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.50. Out of those 28 Wall Street analysts, 13 recommended a “Buy” rating, while 13 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by KeyBanc Capital Markets on February 16, 2023 offering an Overweight rating for the stock and assigned a target price of $76 to it. Coverage by Truist stated Restaurant Brands International Inc. (QSR) stock as a Buy in their note to investors on February 15, 2023, suggesting a price target of $73 for the stock. On February 15, 2023, Stephens Reiterated their recommendations, while on February 15, 2023, Credit Suisse Reiterated their ratings for the stock with a price target of $74. Stock get an Overweight rating from Barclays on February 15, 2023.
