Toronto Dominion Bank Has $65.39 Million Position in Restaurant Brands International Inc. (NYSE:QSR)

Toronto Dominion Bank raised its position in Restaurant Brands International Inc. (NYSE:QSR - Free Report) TSE: QSR by 16.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,004,408 shares of the restaurant operator's stock after buying an additional 140,201 shares during the quarter. Toronto Dominion Bank owned 0.31% of Restaurant Brands International worth $65,390,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dunhill Financial LLC raised its position in shares of Restaurant Brands International by 100.0% in the fourth quarter. Dunhill Financial LLC now owns 400 shares of the restaurant operator's stock valued at $26,000 after buying an additional 200 shares in the last quarter. Venturi Wealth Management LLC increased its stake in Restaurant Brands International by 213.6% during the 4th quarter. Venturi Wealth Management LLC now owns 461 shares of the restaurant operator's stock worth $30,000 after acquiring an additional 314 shares during the period. SBI Securities Co. Ltd. acquired a new position in Restaurant Brands International in the 4th quarter valued at $32,000. IFP Advisors Inc lifted its position in shares of Restaurant Brands International by 183.9% during the 4th quarter. IFP Advisors Inc now owns 636 shares of the restaurant operator's stock valued at $41,000 after acquiring an additional 412 shares during the period. Finally, Physician Wealth Advisors Inc. acquired a new stake in shares of Restaurant Brands International during the 4th quarter worth $60,000. 82.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

QSR has been the topic of several recent analyst reports. Jefferies Financial Group decreased their target price on shares of Restaurant Brands International from $73.00 to $67.00 and set an "equal weight" rating on the stock in a report on Thursday, January 30th. Robert W. Baird decreased their price objective on shares of Restaurant Brands International from $72.00 to $65.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. Citigroup lowered their price objective on shares of Restaurant Brands International from $67.00 to $66.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Wells Fargo & Company reduced their target price on Restaurant Brands International from $69.00 to $66.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. Finally, TD Securities reissued a "hold" rating and set a $70.00 price target on shares of Restaurant Brands International in a report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $75.65.

Insider Activity at Restaurant Brands International

In related news, insider Duncan Fulton sold 15,974 shares of Restaurant Brands International stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $62.48, for a total value of $998,055.52. Following the completion of the sale, the insider now owns 45,248 shares of the company's stock, valued at approximately $2,827,095.04. This trade represents a 26.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Sami A. Siddiqui sold 18,477 shares of Restaurant Brands International stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $62.35, for a total transaction of $1,152,040.95. Following the completion of the transaction, the chief financial officer now owns 55,761 shares of the company's stock, valued at $3,476,698.35. The trade was a 24.89% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 278,716 shares of company stock worth $17,740,281. Insiders own 1.36% of the company's stock.

Restaurant Brands International Trading Up 1.4%

Shares of QSR stock opened at $70.67 on Friday. Restaurant Brands International Inc. has a 52-week low of $58.71 and a 52-week high of $75.07. The company has a 50-day simple moving average of $65.36 and a two-hundred day simple moving average of $65.69. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02. The company has a market capitalization of $23.15 billion, a price-to-earnings ratio of 22.22, a PEG ratio of 1.77 and a beta of 0.60.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last posted its quarterly earnings data on Thursday, May 8th. The restaurant operator reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.03). The business had revenue of $2.03 billion during the quarter, compared to analysts' expectations of $2.17 billion. Restaurant Brands International had a return on equity of 28.53% and a net margin of 12.15%. The firm's revenue for the quarter was up 21.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.73 EPS. Research analysts anticipate that Restaurant Brands International Inc. will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Investors of record on Tuesday, June 24th will be paid a $0.62 dividend. The ex-dividend date of this dividend is Tuesday, June 24th. This represents a $2.48 annualized dividend and a yield of 3.51%. Restaurant Brands International's payout ratio is 84.07%.

Restaurant Brands International Profile

Restaurant Brands International Inc operates as a quick-service restaurant company in Canada, the United States, and internationally. It operates through four segments: Tim Hortons (TH), Burger King (BK), Popeyes Louisiana Kitchen (PLK), and Firehouse Subs (FHS). The company owns and franchises TH chain of donut/coffee/tea restaurants that offer blend coffee, tea, and espresso-based hot and cold specialty drinks; and fresh baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, and other food products.

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