Restaurant Brands International’s (QSR) Buy Rating Reaffirmed at TD Securities

TD Securities reiterated their buy rating on shares of Restaurant Brands International (NYSE:QSR) (TSE:QSR) in a research report report published on Wednesday morning,Benzinga reports. TD Securities currently has a $70.00 price objective on the restaurant operator’s stock.

Several other analysts have also commented on the company. Stifel Nicolaus cut their price objective on Restaurant Brands International from $72.00 to $68.00 and set a “hold” rating for the company in a report on Friday, January 10th. CIBC cut their price objective on Restaurant Brands International from $88.00 to $86.00 and set an “outperformer” rating for the company in a report on Wednesday, November 6th. Oppenheimer cut their price objective on Restaurant Brands International from $86.00 to $77.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Argus cut their price objective on Restaurant Brands International from $85.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Finally, Citigroup cut their price target on Restaurant Brands International from $73.00 to $65.00 and set a “negative” rating for the company in a report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $77.96.

Restaurant Brands International Stock Performance

Shares of QSR opened at $64.53 on Wednesday. The business’s fifty day simple moving average is $64.33 and its two-hundred day simple moving average is $68.07. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75. Restaurant Brands International has a 12 month low of $59.67 and a 12 month high of $83.29. The company has a market cap of $20.94 billion, a price-to-earnings ratio of 16.17, a P/E/G ratio of 2.17 and a beta of 0.93.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings data on Wednesday, February 12th. The restaurant operator reported $0.81 EPS for the quarter, missing the consensus estimate of $1.10 by ($0.29). Restaurant Brands International had a return on equity of 28.25% and a net margin of 16.01%. Research analysts anticipate that Restaurant Brands International will post 3.3 earnings per share for the current fiscal year.

Restaurant Brands International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 21st will be given a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, March 21st. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.58. This represents a $2.48 dividend on an annualized basis and a yield of 3.84%. Restaurant Brands International’s dividend payout ratio is 77.99%.

Insider Activity

In related news, insider Jill Granat sold 10,613 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $70.41, for a total value of $747,261.33. Following the transaction, the insider now owns 388,759 shares of the company’s stock, valued at $27,372,521.19. This represents a 2.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Joshua Kobza sold 12,420 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $64.20, for a total value of $797,364.00. Following the sale, the chief executive officer now directly owns 703,445 shares in the company, valued at $45,161,169. This trade represents a 1.73 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 113,510 shares of company stock valued at $7,774,020. 1.36% of the stock is currently owned by insiders.

Institutional Trading of Restaurant Brands International

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Restaurant Brands International by 4.6% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 11,098 shares of the restaurant operator’s stock valued at $723,000 after purchasing an additional 484 shares during the last quarter. One68 Global Capital LLC purchased a new position in Restaurant Brands International in the 4th quarter worth $697,000. Guardian Capital LP raised its stake in Restaurant Brands International by 2.7% in the 4th quarter. Guardian Capital LP now owns 1,308,057 shares of the restaurant operator’s stock worth $85,212,000 after acquiring an additional 34,336 shares during the last quarter. Utah Retirement Systems raised its stake in Restaurant Brands International by 2.6% in the 4th quarter. Utah Retirement Systems now owns 35,801 shares of the restaurant operator’s stock worth $2,332,000 after acquiring an additional 900 shares during the last quarter. Finally, Perbak Capital Partners LLP raised its stake in Restaurant Brands International by 48.4% in the 4th quarter. Perbak Capital Partners LLP now owns 25,758 shares of the restaurant operator’s stock worth $1,679,000 after acquiring an additional 8,404 shares during the last quarter. Hedge funds and other institutional investors own 82.29% of the company’s stock.

About Restaurant Brands International

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.