Tim Hortons heads to Mexico

Article Excerpt

RESTAURANT BRANDS INTERNATIONAL INC. $67 (Toronto symbol QSR; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 460.9 million; Market cap: $30.9 billion; Price-to-sales ratio: 7.5; Dividend yield: 1.3%; TSINetwork Rating: Average; www.rbi.com) is the world’s third-largest fast-food operator, after McDonald’s (No. 1) and Yum Brands (No. 2); it has 15,243 Burger King outlets and 4,492 Tim Hortons stores in 100 countries. Restaurant Brands recently formed a 50/50 joint venture with a group of private investors in Mexico to bring Tim Hortons coffee-and-donut stores to that country. The company has yet to announce how soon or how many stores it will open. This new deal is similar to recent partnerships Restaurant Brands has formed to open Tim Hortons outlets in the U.K. and the Philippines. Restaurant Brands International is a hold. hold…