Capital Research & Management Co has recently announced that it has increased stake in Restaurant Brands International Inc (NYSE:QSR) by 0.68%. After grabbing 42.02 million shares, the institutional investor is now in possession of 0.29 million shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 13.47% having worth around $2.99 billion. Moreover, Capital Research & Management Co increased its share by 0.14 million to have a control over 20.04 million shares. And RBC Dominion Securities, Inc. raised its holdings to 83139.0 shares by acquiring 8.8 million shares or 2.82% of the stake.
Restaurant Brands International Inc (QSR) concluded trading on December 20, 2023 at a closing price of $74.74, with 3.51 million shares of worth about $262.06 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -1.19% during that period and On Wednesday the price saw a loss of about -2.80%. Currently the company’s common shares owned by public are about 307.14M shares, out of which, 307.12M shares are available for trading.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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 21.53 million shares of worth totaling $1.53 billion. The company recently came buying 0.14 million shares which brought its stake up to 6.90% of the company’s outstanding shares. American Funds Fundamental Invest sold 8024.0 shares, after which its hold over company’s outstanding shares shrunk to 4.18%, leaving 13.03 million shares with the mutual fund that have a worth of about $926.01 million. American Funds Income Fund of Ame, after buying 12.55 million shares, have now control over 4.02% of the stake in the company. It holds 0.17 million shares of worth $892.34 million.
However, the stock later moved at a day high price of 76.71, or with a loss of -2.80%. Stock saw a price change of 0.34% in past 5 days and over the past one month there was a price change of 5.22%. Year-to-date (YTD), QSR shares are showing a performance of 15.57% which increased to 15.23% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $59.99 but also hit the highest price of $78.30 during that period. The average intraday trading volume for Restaurant Brands International Inc shares is 1.58 million. The stock is currently trading 3.20% above its 20-day simple moving average (SMA20), while that difference is up 8.05% for SMA50 and it goes to 6.53% higher than SMA200.
Capital Research & Management Co acquired 42.02 million shares of Restaurant Brands International Inc having value of about $2.99 billion. Data submitted at the U.S SEC by Capital Research & Management Co revealed that the firm now holds 0.29 million shares in the company valued at close to $21329002.24, or have control over 0.68% stake in the company. Restaurant Brands International Inc (NYSE: QSR) currently have 307.14M outstanding shares and institutions hold larger chunk of about 85.91% of that. Holding of mutual funds in the company is about 4.61% while other institutional holders and individual stake holders have control over 57.93% and 29.04% of the stake respectively.
The stock has a current market capitalization of $23.26B and its 3Y-monthly beta is at 0.98. PE ratio of stock for trailing 12 months is 25.78, while it has posted earnings per share of $2.90 in the same period. Its PEG reads 3.07 and has Quick Ratio of 1.07 while making debt-to-equity ratio of 4.95. 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 1.98% while standing at 1.82% over the month.
Analysts are in expectations that Restaurant Brands International Inc (QSR) stock would likely to be making an EPS of $QuantumScape Corporation in the current quarter, while forecast for next quarter EPS is $7.04 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $Quantum-Si Incorporated which is $Restaurant Brands International 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 $Whitestone REIT in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 3.26% while it is estimated to increase by 5.71% in next year. EPS is likely to shrink at an annualized rate of 8.40% for next 5-years, compared to annual growth of 14.68% made by the stock over the past 5-years.
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 Bernstein on November 30, 2023 offering an Outperform rating for the stock and assigned a target price of $85 to it.
