Restaurant Brands International’s (QSR) “Hold” Rating Reiterated at TD Securities

TD Securities reissued their hold rating on shares of Restaurant Brands International (NYSE:QSR) (TSE:QSR) in a research report report published on Tuesday,Benzinga reports. The firm currently has a $70.00 price target on the restaurant operator’s stock.

Other equities analysts also recently issued reports about the stock. Truist Financial lowered their price objective on shares of Restaurant Brands International from $85.00 to $83.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. Guggenheim raised Restaurant Brands International from a “neutral” rating to a “buy” rating and lowered their price target for the company from $74.00 to $71.00 in a research report on Friday, January 24th. CIBC cut their price objective on Restaurant Brands International from $86.00 to $78.00 and set an “outperform” rating on the stock in a research report on Thursday, February 13th. Evercore ISI reduced their target price on Restaurant Brands International from $93.00 to $90.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Finally, Stifel Nicolaus dropped their price target on Restaurant Brands International from $72.00 to $68.00 and set a “hold” rating for the company in a research note on Friday, January 10th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, Restaurant Brands International currently has a consensus rating of “Hold” and an average target price of $77.96.

Restaurant Brands International Price Performance

Shares of Restaurant Brands International stock opened at $65.25 on Tuesday. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.02 and a quick ratio of 0.94. Restaurant Brands International has a one year low of $59.67 and a one year high of $83.29. The business’s 50 day simple moving average is $63.47 and its two-hundred day simple moving average is $67.63. The stock has a market capitalization of $21.17 billion, a P/E ratio of 20.52, a price-to-earnings-growth ratio of 1.77 and a beta of 0.93.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its earnings results 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 28.53% and a net margin of 12.15%. Analysts forecast that Restaurant Brands International will post 3.72 EPS for the current 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 paid a dividend of $0.62 per share. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.58. The ex-dividend date is Friday, March 21st. This represents a $2.48 dividend on an annualized basis and a yield of 3.80%. Restaurant Brands International’s payout ratio is presently 77.99%.

Insiders Place Their Bets

In other news, insider Duncan Fulton sold 27,500 shares of Restaurant Brands International stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $64.66, for a total value of $1,778,150.00. Following the completion of the transaction, the insider now owns 34,822 shares of the company’s stock, valued at $2,251,590.52. The trade was a 44.13 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Joshua Kobza sold 93,619 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $62.35, for a total transaction of $5,837,144.65. Following the sale, the chief executive officer now directly owns 848,578 shares in the company, valued at $52,908,838.30. This trade represents a 9.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 379,726 shares of company stock valued at $24,662,800. 1.36% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Restaurant Brands International

A number of hedge funds have recently added to or reduced their stakes in QSR. Capital World Investors boosted its stake in Restaurant Brands International by 2.0% during the 4th quarter. Capital World Investors now owns 43,418,188 shares of the restaurant operator’s stock valued at $2,829,974,000 after purchasing an additional 841,167 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Restaurant Brands International by 3.3% during the fourth quarter. Vanguard Group Inc. now owns 13,165,498 shares of the restaurant operator’s stock valued at $858,101,000 after purchasing an additional 421,873 shares in the last quarter. EdgePoint Investment Group Inc. lifted its holdings in shares of Restaurant Brands International by 26.6% during the fourth quarter. EdgePoint Investment Group Inc. now owns 12,819,570 shares of the restaurant operator’s stock valued at $834,478,000 after purchasing an additional 2,695,071 shares in the last quarter. Norges Bank purchased a new stake in shares of Restaurant Brands International during the fourth quarter valued at $264,813,000. Finally, Fiera Capital Corp increased its holdings in Restaurant Brands International by 6.5% in the 3rd quarter. Fiera Capital Corp now owns 3,744,620 shares of the restaurant operator’s stock worth $270,554,000 after buying an additional 227,203 shares in the last quarter. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

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.