Guggenheim Upgrades Restaurant Brands International (TSX:QSR)

Fintel reports that on January 24, 2025, Guggenheim upgraded their outlook for Restaurant Brands International (TSX:QSR) from Neutral to Buy.

Analyst Price Forecast Suggests 35.32% Upside

As of December 23, 2024, the average one-year price target for Restaurant Brands International is $119.68/share. The forecasts range from a low of $104.52 to a high of $140.35. The average price target represents an increase of 35.32% from its latest reported closing price of $88.44 / share.

See our leaderboard of companies with the largest price target upside.

The projected annual non-GAAP EPS is 3.92.

What is the Fund Sentiment?

There are 698 funds or institutions reporting positions in Restaurant Brands International. This is an increase of 4 owner(s) or 0.58% in the last quarter. Average portfolio weight of all funds dedicated to QSR is 0.29%, an increase of 10.73%. Total shares owned by institutions increased in the last three months by 6.27% to 311,725K shares.

What are Other Shareholders Doing?

CA:QSR / Restaurant Brands International Inc. Shares Held by Institutions

Capital World Investors holds 42,577K shares representing 13.15% ownership of the company. In its prior filing, the firm reported owning 42,527K shares , representing an increase of 0.12%. The firm decreased its portfolio allocation in QSR by 2.45% over the last quarter.

Pershing Square Capital Management holds 23,001K shares representing 7.11% ownership of the company. In its prior filing, the firm reported owning 23,143K shares , representing a decrease of 0.62%. The firm decreased its portfolio allocation in QSR by 17.89% over the last quarter.

Royal Bank Of Canada holds 20,949K shares representing 6.47% ownership of the company. In its prior filing, the firm reported owning 20,166K shares , representing an increase of 3.74%. The firm increased its portfolio allocation in QSR by 17.21% over the last quarter.

Capital Research Global Investors holds 20,203K shares representing 6.24% ownership of the company. In its prior filing, the firm reported owning 19,615K shares , representing an increase of 2.91%. The firm decreased its portfolio allocation in QSR by 0.01% over the last quarter.

ANCFX - AMERICAN FUNDS FUNDAMENTAL INVESTORS holds 13,669K shares representing 4.22% ownership of the company. In its prior filing, the firm reported owning 13,011K shares , representing an increase of 4.81%. The firm increased its portfolio allocation in QSR by 3.23% over the last quarter.

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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.

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