TD Asset Management Inc Grows Position in Restaurant Brands International Inc. $QSR

TD Asset Management Inc grew its stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 18.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,486,897 shares of the restaurant operator’s stock after purchasing an additional 855,436 shares during the quarter. TD Asset Management Inc owned approximately 1.67% of Restaurant Brands International worth $363,243,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in QSR. HM Payson & Co. bought a new position in shares of Restaurant Brands International during the first quarter valued at approximately $26,000. Legend Financial Advisors Inc. bought a new position in shares of Restaurant Brands International during the second quarter valued at approximately $33,000. CX Institutional raised its holdings in shares of Restaurant Brands International by 928.0% during the second quarter. CX Institutional now owns 514 shares of the restaurant operator’s stock valued at $34,000 after acquiring an additional 464 shares in the last quarter. Private Trust Co. NA raised its holdings in shares of Restaurant Brands International by 96.6% during the first quarter. Private Trust Co. NA now owns 519 shares of the restaurant operator’s stock valued at $35,000 after acquiring an additional 255 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in shares of Restaurant Brands International by 91.2% during the first quarter. Smartleaf Asset Management LLC now owns 545 shares of the restaurant operator’s stock valued at $35,000 after acquiring an additional 260 shares in the last quarter. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Restaurant Brands International Price Performance

Shares of NYSE:QSR opened at $66.75 on Tuesday. Restaurant Brands International Inc. has a 1-year low of $58.71 and a 1-year high of $74.09. The company has a debt-to-equity ratio of 2.69, a current ratio of 1.01 and a quick ratio of 0.95. The business has a fifty day moving average price of $64.65 and a 200-day moving average price of $66.27. The company has a market capitalization of $21.88 billion, a PE ratio of 25.28, a PEG ratio of 2.88 and a beta of 0.65.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings results on Thursday, August 7th. The restaurant operator reported $0.94 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.03). Restaurant Brands International had a net margin of 9.43% and a return on equity of 29.54%. The company had revenue of $2.41 billion for the quarter, compared to the consensus estimate of $2.33 billion. During the same quarter in the previous year, the business earned $0.86 earnings per share. Restaurant Brands International’s revenue was up 15.9% compared to the same quarter last year. As a group, equities analysts expect that Restaurant Brands International Inc. will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 7th. Stockholders of record on Tuesday, September 23rd were issued a dividend of $0.62 per share. The ex-dividend date was Tuesday, September 23rd. This represents a $2.48 annualized dividend and a dividend yield of 3.7%. Restaurant Brands International’s dividend payout ratio (DPR) is presently 93.94%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Guggenheim upped their target price on Restaurant Brands International from $77.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, August 13th. Melius initiated coverage on Restaurant Brands International in a report on Monday, July 14th. They set a “buy” rating and a $90.00 target price for the company. Bank of America lowered their price objective on Restaurant Brands International from $62.00 to $60.00 and set an “underperform” rating for the company in a research report on Friday, July 18th. Northcoast Research lowered Restaurant Brands International from a “buy” rating to a “neutral” rating in a research report on Friday, September 12th. Finally, Royal Bank Of Canada lowered their price objective on Restaurant Brands International from $80.00 to $77.00 and set an “outperform” rating for the company in a research report on Friday, August 8th. Eleven investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $75.13.

Restaurant Brands International Company 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.