TD Waterhouse Canada Inc. Acquires 112,267 Shares of Restaurant Brands International Inc. $QSR

Key Points

• TD Waterhouse Canada increased its Restaurant Brands International stake by 4.8%, purchasing 112,267 additional shares to own 2.47 million shares, or approximately 0.71% of QSR. Institutional investors collectively hold 82.29% of the company.
• Analyst sentiment remains positive, with 16 Buy ratings and eight Hold ratings producing a consensus “Moderate Buy” rating and an average price target of $84.00.
• Restaurant Brands reported quarterly EPS of $1.07, exceeding estimates of $1.04, while revenue rose 4.6% year over year to $2.52 billion. The company also announced a quarterly dividend of $0.65 per share, representing a 3.2% annualized yield.

TD Waterhouse Canada Inc. raised its stake in shares of Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 4.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,473,606 shares of the restaurant operator's stock after buying an additional 112,267 shares during the quarter. TD Waterhouse Canada Inc. owned about 0.71% of Restaurant Brands International worth $176,998,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Lloyd Advisory Services LLC. bought a new position in shares of Restaurant Brands International during the fourth quarter worth $25,000. Larson Financial Group LLC increased its holdings in Restaurant Brands International by 1,922.2% in the 4th quarter. Larson Financial Group LLC now owns 364 shares of the restaurant operator's stock valued at $25,000 after acquiring an additional 346 shares during the last quarter. Western Wealth Management LLC bought a new stake in Restaurant Brands International in the 1st quarter valued at $28,000. CoreCap Advisors LLC lifted its stake in Restaurant Brands International by 304.3% in the 2nd quarter. CoreCap Advisors LLC now owns 465 shares of the restaurant operator's stock worth $34,000 after purchasing an additional 350 shares in the last quarter. Finally, Continuum Advisory LLC purchased a new stake in Restaurant Brands International in the 2nd quarter worth $37,000. Institutional investors own 82.29% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on QSR shares. Scotia cut their price objective on Restaurant Brands International from $83.00 to $81.00 and set a "sector perform" rating for the company in a research report on Friday, August 7th. TD Cowen lifted their price objective on Restaurant Brands International from $79.00 to $80.00 and gave the stock a "hold" rating in a research note on Thursday, July 9th. CL King set a $80.00 price objective on Restaurant Brands International in a report on Monday, August 10th. Guggenheim increased their target price on Restaurant Brands International from $80.00 to $85.00 and gave the company a "buy" rating in a research report on Tuesday, May 26th. Finally, Weiss Ratings raised shares of Restaurant Brands International from a "buy (b-)" rating to a "buy (b)" rating in a report on Wednesday, August 12th. Sixteen investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, Restaurant Brands International presently has an average rating of "Moderate Buy" and a consensus price target of $84.00.

Restaurant Brands International Stock Up 1.6%

Shares of NYSE:QSR opened at $80.16 on Friday. The company has a market cap of $27.96 billion, a price-to-earnings ratio of 21.55, a PEG ratio of 2.21 and a beta of 0.51. Restaurant Brands International Inc. has a 12 month low of $61.33 and a 12 month high of $81.96. The company has a current ratio of 1.01, a quick ratio of 0.92 and a debt-to-equity ratio of 2.49. The company has a 50-day moving average price of $75.55 and a 200 day moving average price of $74.94.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last issued its quarterly earnings data on Thursday, August 6th. The restaurant operator reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.03. Restaurant Brands International had a return on equity of 33.43% and a net margin of 13.12%.The company had revenue of $2.52 billion for the quarter, compared to analysts' expectations of $2.52 billion. During the same period in the previous year, the firm posted $0.94 earnings per share. The firm's revenue for the quarter was up 4.6% on a year-over-year basis. As a group, equities research analysts predict that Restaurant Brands International Inc. will post 4.03 earnings per share for the current year.

Restaurant Brands International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 18th will be given a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, September 18th. This represents a $2.60 annualized dividend and a dividend yield of 3.2%. Restaurant Brands International's payout ratio is currently 69.89%.

About Restaurant Brands International

Restaurant Brands International Inc NYSE: QSR is a global quick-service restaurant company formed through the combination of established brands. The company's principal holdings include Burger King, Tim Hortons and Popeyes, each of which operates under its own brand identity and menu. Restaurant Brands International's business is centered on developing and expanding these franchised restaurant systems, supporting franchisees with brand management, supply chain coordination, and marketing programs.

RBI's restaurants offer a range of quick-service food and beverage products: Burger King is known for its flame-grilled hamburgers and sandwiches, Tim Hortons for coffee, baked goods and breakfast items, and Popeyes for Louisiana-style fried chicken and seafood.

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