RESTAURANT BRANDS INTERNATIONAL $36.78 (New York symbol QSR; TSINetwork Rating: Average) (905-845-6511; www.rbi.com; Shares outstanding: 467.0 million; Market cap: $17.2 billion; Yield: 1.3%) is the world’s third-largest fast-food operator, after McDonald’s and Yum Brands, with 14,528 Burger King outlets and 4,776 Tim Hortons stores in 100 countries.
The company now plans to open over 150 Tim Hortons locations in Cincinnati, Ohio, over the next 10 years. A franchisee will build and operate the stores, which cuts the company’s risk.
Restaurant Brands is a hold.