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

TD Waterhouse Canada Inc. increased its position in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 4.8% in the second quarter, Holdings Channel.com reports. The firm owned 2,473,606 shares of the restaurant operator’s stock after purchasing an additional 112,267 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Restaurant Brands International were worth $176,998,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. AQR Capital Management LLC bought a new stake in Restaurant Brands International in the first quarter worth about $237,000. WINTON GROUP Ltd bought a new position in shares of Restaurant Brands International during the second quarter valued at approximately $265,000. State Street Corp raised its holdings in shares of Restaurant Brands International by 9,477.4% in the second quarter. State Street Corp now owns 2,997,344 shares of the restaurant operator’s stock worth $198,711,000 after buying an additional 2,966,048 shares during the period. Sei Investments Co. raised its holdings in shares of Restaurant Brands International by 188.7% in the second quarter. Sei Investments Co. now owns 52,335 shares of the restaurant operator’s stock worth $3,469,000 after buying an additional 34,210 shares during the period. Finally, Treasurer of the State of North Carolina bought a new stake in shares of Restaurant Brands International during the 2nd quarter worth approximately $10,019,000. 82.29% of the stock is currently owned by institutional investors.

Restaurant Brands International Stock Up 1.6%

Shares of NYSE QSR opened at $80.16 on Friday. The company has a debt-to-equity ratio of 2.49, a quick ratio of 0.92 and a current ratio of 1.01. The firm has a market capitalization of $27.96 billion, a price-to-earnings ratio of 21.55, a PEG ratio of 2.21 and a beta of 0.51. The stock has a 50 day moving average price of $75.55 and a 200 day moving average price of $74.94. Restaurant Brands International Inc. has a 52-week low of $61.33 and a 52-week high of $81.96.

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 company had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.52 billion. Restaurant Brands International had a return on equity of 33.43% and a net margin of 13.12%.Restaurant Brands International’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period last year, the business posted $0.94 EPS. Sell-side analysts expect that Restaurant Brands International Inc. will post 4.03 earnings per share for the current year.

Restaurant Brands International Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 3.2%. Restaurant Brands International’s dividend payout ratio is presently 69.89%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft dropped their price objective on Restaurant Brands International from $86.00 to $85.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Morgan Stanley lifted their target price on Restaurant Brands International from $78.00 to $79.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 15th. Robert W. Baird lifted their target price on Restaurant Brands International from $80.00 to $85.00 and gave the stock a “neutral” rating in a research report on Monday, August 24th. CL King set a $80.00 target price on shares of Restaurant Brands International in a research note on Monday, August 10th. Finally, Royal Bank Of Canada set a $85.00 price target on shares of Restaurant Brands International and gave the stock an “outperform” rating in a report on Tuesday, July 28th. Sixteen analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $84.00.

Restaurant Brands International Company Profile

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.