Restaurant Brands International (NYSE:QSR) PT Lowered to $84.00 at TD Securities

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its price target lowered by TD Securities from $90.00 to $84.00 in a research report released on Friday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the restaurant operator’s stock.

QSR has been the subject of several other research reports. Stephens restated an equal weight rating and issued a $75.00 target price on shares of Restaurant Brands International in a report on Tuesday, February 13th. TD Cowen restated a buy rating and issued a $90.00 target price on shares of Restaurant Brands International in a report on Wednesday, April 10th. BMO Capital Markets upped their target price on shares of Restaurant Brands International from $85.00 to $90.00 and gave the company an outperform rating in a report on Wednesday, February 14th. Oppenheimer upped their target price on shares of Restaurant Brands International from $83.00 to $89.00 and gave the company an outperform rating in a report on Friday, January 5th. Finally, JPMorgan Chase & Co. upped their target price on shares of Restaurant Brands International from $78.00 to $82.00 and gave the company an overweight rating in a report on Friday, February 16th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and an average target price of $82.36.

Restaurant Brands International Trading Down 1.1 %

Shares of NYSE:QSR opened at $70.52 on Friday. Restaurant Brands International has a 52 week low of $61.77 and a 52 week high of $83.29. The company’s 50 day moving average is $77.47 and its two-hundred day moving average is $73.82. The company has a current ratio of 1.01, a quick ratio of 0.94 and a debt-to-equity ratio of 2.78. The company has a market cap of $22.31 billion, a PE ratio of 18.71, a P/E/G ratio of 2.14 and a beta of 0.91.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings data on Tuesday, February 13th. The restaurant operator reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.02. Restaurant Brands International had a net margin of 16.95% and a return on equity of 32.20%. The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the prior year, the firm posted $0.72 EPS. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. Equities analysts predict that Restaurant Brands International will post 3.4 earnings per share for the current fiscal year.

Restaurant Brands International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Thursday, March 21st were issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date was Wednesday, March 20th. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.55. Restaurant Brands International’s dividend payout ratio (DPR) is currently 61.54%.

Insider Activity

In other news, insider David Chan Shear sold 17,556 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total value of $1,338,820.56. Following the completion of the transaction, the insider now owns 210,535 shares in the company, valued at approximately $16,055,399.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider David Chan Shear sold 17,556 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total value of $1,338,820.56. Following the completion of the transaction, the insider now owns 210,535 shares in the company, valued at approximately $16,055,399.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Matthew Dunnigan sold 14,565 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total transaction of $1,110,726.90. Following the completion of the transaction, the chief financial officer now owns 55,863 shares of the company’s stock, valued at approximately $4,260,112.38. The disclosure for this sale can be found here. Insiders sold 380,200 shares of company stock worth $28,828,182 in the last 90 days. 1.25% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Restaurant Brands International

Several hedge funds have recently added to or reduced their stakes in the business. Capital World Investors increased its holdings in Restaurant Brands International by 0.5% during the 4th quarter. Capital World Investors now owns 42,244,556 shares of the restaurant operator’s stock valued at $3,300,579,000 after acquiring an additional 227,630 shares in the last quarter. Capital Research Global Investors increased its holdings in Restaurant Brands International by 19.8% during the 4th quarter. Capital Research Global Investors now owns 24,012,659 shares of the restaurant operator’s stock valued at $1,876,109,000 after acquiring an additional 3,971,774 shares in the last quarter. Vanguard Group Inc. increased its holdings in Restaurant Brands International by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 12,005,158 shares of the restaurant operator’s stock valued at $937,963,000 after acquiring an additional 224,111 shares in the last quarter. 1832 Asset Management L.P. increased its holdings in Restaurant Brands International by 18.2% during the 4th quarter. 1832 Asset Management L.P. now owns 4,668,144 shares of the restaurant operator’s stock valued at $364,722,000 after acquiring an additional 717,346 shares in the last quarter. Finally, CIBC Asset Management Inc increased its holdings in Restaurant Brands International by 5.6% during the 3rd quarter. CIBC Asset Management Inc now owns 4,345,692 shares of the restaurant operator’s stock valued at $290,287,000 after acquiring an additional 228,654 shares in the last quarter. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

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.