On March 31, 2023, TD Cowen upgraded their outlook for Restaurant Brands International (NYSE:QSR) from Market Perform to Outperform .
Analyst Price Forecast Suggests 7.16% Upside
As of March 30, 2023, the average one-year price target for Restaurant Brands International is $71.95. The forecasts range from a low of $64.64 to a high of $81.90. The average price target represents an increase of 7.16% from its latest reported closing price of $67.14.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Restaurant Brands International is $6,787MM, an increase of 4.34%. The projected annual non-GAAP EPS is $3.04.
Restaurant Brands International Declares $0.55 Dividend
On February 14, 2023 the company declared a regular quarterly dividend of $0.55 per share ($2.20 annualized). Shareholders of record as of March 22, 2023 will receive the payment on April 5, 2023. Previously, the company paid $0.54 per share.
At the current share price of $67.14 / share, the stock's dividend yield is 3.28%. Looking back five years and taking a sample every week, the average dividend yield has been 3.43%, the lowest has been 2.60%, and the highest has been 6.41%. The standard deviation of yields is 0.50 (n=236).
The current dividend yield is 0.30 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.68. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.06%, demonstrating that it has increased its dividend over time.
What are Large Shareholders Doing?
Capital World Investors holds 40,096K shares representing 12.93% ownership of the company. In it's prior filing, the firm reported owning 37,555K shares, representing an increase of 6.34%. The firm increased its portfolio allocation in QSR by 23.27% over the last quarter.
Pershing Square Capital Management holds 24,194K shares representing 7.80% ownership of the company. No change in the last quarter.
Royal Bank Of Canada holds 21,349K shares representing 6.88% ownership of the company. In it's prior filing, the firm reported owning 21,571K shares, representing a decrease of 1.04%. The firm increased its portfolio allocation in QSR by 9.64% over the last quarter.
EdgePoint Investment Group holds 13,099K shares representing 4.22% ownership of the company. In it's prior filing, the firm reported owning 13,927K shares, representing a decrease of 6.32%. The firm increased its portfolio allocation in QSR by 8.61% over the last quarter.
ANCFX - AMERICAN FUNDS FUNDAMENTAL INVESTORS holds 12,570K shares representing 4.05% ownership of the company. In it's prior filing, the firm reported owning 11,716K shares, representing an increase of 6.79%. The firm increased its portfolio allocation in QSR by 20.63% over the last quarter.
What is the Fund Sentiment?
There are 642 funds or institutions reporting positions in Restaurant Brands International. This is an increase of 44 owner(s) or 7.36% in the last quarter. Average portfolio weight of all funds dedicated to QSR is 0.36%, an increase of 4.22%. Total shares owned by institutions increased in the last three months by 4.62% to 287,292K shares. The put/call ratio of QSR is 0.55, indicating a bullish outlook.
Restaurant Brands International Background Information
(This description is provided by the company.)
Restaurant Brands International Inc. ('RBI') is one of the world's largest quick service restaurant companies with approximately $31 billion in annual system-wide sales and 27,000 restaurants in more than 100 countries and U.S. territories. RBI owns three of the world's most prominent and iconic quick service restaurant brands - TIM HORTONS®, BURGER KING®, and POPEYES®. These independently operated brands have been serving their respective guests, franchisees and communities for over 45 years.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
