Restaurant Brands International Inc. $QSR Stock: TD Waterhouse Canada Inc. Raises Holdings

TD Waterhouse Canada Inc. increased its holdings in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 4.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,583,329 shares of the restaurant operator’s stock after buying an additional 109,723 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Restaurant Brands International were worth $180,116,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Platinum Paramount Investment LTD. acquired a new stake in Restaurant Brands International during the 4th quarter valued at approximately $281,033,000. Bank of America Corp DE boosted its holdings in shares of Restaurant Brands International by 143.9% in the 1st quarter. Bank of America Corp DE now owns 4,932,662 shares of the restaurant operator’s stock valued at $364,524,000 after acquiring an additional 2,910,454 shares during the last quarter. EdgePoint Investment Group Inc. increased its stake in shares of Restaurant Brands International by 16.2% in the first quarter. EdgePoint Investment Group Inc. now owns 19,348,137 shares of the restaurant operator’s stock worth $1,432,015,000 after acquiring an additional 2,703,134 shares during the period. London Co. of Virginia acquired a new stake in shares of Restaurant Brands International in the first quarter worth $147,967,000. Finally, Cullen Capital Management LLC acquired a new stake in shares of Restaurant Brands International in the second quarter worth $128,350,000. 82.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Axel Schwan sold 57,574 shares of the business’s stock in a transaction on Friday, September 4th. The shares were sold at an average price of $81.14, for a total value of $4,671,554.36. Following the completion of the transaction, the insider directly owned 209,908 shares in the company, valued at $17,031,935.12. The trade was a 21.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.22% of the stock is currently owned by corporate insiders.

Restaurant Brands International Stock Performance

NYSE:QSR traded up $0.83 during trading hours on Friday, reaching $74.94. The company had a trading volume of 3,417,502 shares, compared to its average volume of 2,796,018. Restaurant Brands International Inc. has a 1-year low of $64.52 and a 1-year high of $81.96. The firm has a market cap of $26.14 billion, a PE ratio of 20.14, a price-to-earnings-growth ratio of 2.00 and a beta of 0.52. The business’s 50 day moving average price is $75.06 and its 200-day moving average price is $75.28. The company has a debt-to-equity ratio of 2.49, a current ratio of 1.01 and a quick ratio of 0.92.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings data on Thursday, August 6th. The restaurant operator reported $1.07 EPS for the quarter, topping the consensus estimate of $1.04 by $0.03. The business had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.52 billion. Restaurant Brands International had a return on equity of 33.43% and a net margin of 13.12%. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.94 EPS. Research analysts forecast that Restaurant Brands International Inc. will post 4.19 EPS for the current year.

Restaurant Brands International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 18th were paid a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Friday, September 18th. Restaurant Brands International’s payout ratio is currently 69.89%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on QSR. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Restaurant Brands International from $86.00 to $85.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Scotia lowered their price target on shares of Restaurant Brands International from $83.00 to $81.00 and set a “sector perform” rating on the stock in a report on Friday, August 7th. Weiss Ratings raised Restaurant Brands International from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, August 12th. Seaport Research Partners started coverage on Restaurant Brands International in a research report on Wednesday, September 16th. They set a “buy” rating and a $88.00 price target on the stock. Finally, Citigroup lifted their price objective on Restaurant Brands International from $78.00 to $80.00 and gave the company a “neutral” rating in a research note on Tuesday, September 1st. Sixteen analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, Restaurant Brands International has an average rating of “Moderate Buy” and a consensus price target of $83.75.

About Restaurant Brands International

Restaurant Brands International Inc (NYSE:QSR) is a global quick-service restaurant company that owns and operates a portfolio of well-known restaurant brands. Its principal brands are Burger King, Tim Hortons, Popeyes Louisiana Kitchen and Firehouse Subs, which serve customers through company-operated and franchised restaurants.

The company’s brands offer a range of products, including hamburgers, chicken sandwiches and meals, coffee and baked goods, fried and Louisiana-style chicken, and specialty subs.