Restaurant Brands International Inc. $QSR Shares Acquired by TD Waterhouse Canada Inc.

Key Points

• TD Waterhouse Canada increased its QSR stake by 4.4% in the third quarter, adding 109,723 shares to own 2.58 million shares valued at approximately $180.1 million. Institutional investors collectively hold 82.29% of Restaurant Brands International.
• Restaurant Brands International reported quarterly EPS of $1.07, exceeding analyst expectations of $1.04, while revenue reached $2.52 billion, up 4.6% year over year.
• QSR pays a quarterly dividend of $0.65, equivalent to an annualized $2.60 and a 3.5% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $83.75, versus a reported share price of $74.94.

TD Waterhouse Canada Inc. grew its position in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 4.4% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,583,329 shares of the restaurant operator's stock after buying an additional 109,723 shares during the period. TD Waterhouse Canada Inc. owned 0.74% of Restaurant Brands International worth $180,116,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of QSR. NFSG Corp purchased a new stake in Restaurant Brands International during the third quarter valued at approximately $28,000. Financial & Tax Architects LLC boosted its stake in Restaurant Brands International by 26.3% in the third quarter. Financial & Tax Architects LLC now owns 8,948 shares of the restaurant operator's stock valued at $636,000 after acquiring an additional 1,861 shares in the last quarter. Triasima Portfolio Management inc. grew its holdings in Restaurant Brands International by 177.3% in the third quarter. Triasima Portfolio Management inc. now owns 74,318 shares of the restaurant operator's stock worth $5,301,000 after purchasing an additional 47,518 shares during the last quarter. Sanders Morris Harris LLC purchased a new position in Restaurant Brands International in the third quarter worth $729,000. Finally, First Citizens Bank & Trust Co. purchased a new position in Restaurant Brands International in the third quarter worth $731,000. Hedge funds and other institutional investors own 82.29% of the company's stock.

Restaurant Brands International Stock Performance

NYSE:QSR traded up $0.83 during trading hours on Friday, hitting $74.94. 3,417,502 shares of the company were exchanged, compared to its average volume of 2,796,018. 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 Inc. has a 52-week low of $64.52 and a 52-week high of $81.96. The stock has a market capitalization of $26.14 billion, a price-to-earnings ratio of 20.14, a PEG ratio of 2.00 and a beta of 0.52. The company's 50 day moving average price is $75.06 and its 200-day moving average price is $75.28.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last posted 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 during the quarter, compared to the consensus estimate of $2.52 billion. Restaurant Brands International had a net margin of 13.12% and a return on equity of 33.43%. The business's revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.94 earnings per share. As a group, research analysts forecast that Restaurant Brands International Inc. will post 4.19 earnings per share 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. The ex-dividend date was Friday, September 18th. This represents a $2.60 dividend on an annualized basis and a yield of 3.5%. Restaurant Brands International's dividend payout ratio (DPR) is 69.89%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on QSR. Argus reaffirmed a "hold" rating on shares of Restaurant Brands International in a research report on Friday, September 25th. CL King set a $80.00 price objective on Restaurant Brands International in a research report on Monday, August 10th. Scotiabank dropped their target price on Restaurant Brands International from $83.00 to $81.00 and set a "sector perform" rating on the stock in a research note on Friday, August 7th. Citigroup boosted their target price on Restaurant Brands International from $78.00 to $80.00 and gave the stock a "neutral" rating in a research note on Tuesday, September 1st. Finally, Jefferies Financial Group reduced their target price on Restaurant Brands International from $82.00 to $78.00 and set an "overweight" rating on the stock in a research report on Tuesday, September 29th. Sixteen equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $83.75.

Insider Transactions at Restaurant Brands International

In other Restaurant Brands International news, insider Axel Schwan sold 57,574 shares of Restaurant Brands International stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $81.14, for a total transaction of $4,671,554.36. Following the completion of the sale, the insider owned 209,908 shares of the company's stock, valued at approximately $17,031,935.12. The trade was a 21.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.22% of the stock is owned by company insiders.

Restaurant Brands International Company Profile

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.

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