Restaurant Brands International Inc. (NYSE:QSR) CFO Sells $1,152,040.95 in Stock

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) CFO Sami A. Siddiqui sold 18,477 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $62.35, for a total value of $1,152,040.95. Following the completion of the sale, the chief financial officer now directly owns 55,761 shares in the company, valued at approximately $3,476,698.35. This represents a 24.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Restaurant Brands International Price Performance

NYSE QSR opened at $63.72 on Thursday. The business’s fifty day moving average is $63.48 and its 200 day moving average is $67.65. Restaurant Brands International Inc. has a fifty-two week low of $59.67 and a fifty-two week high of $83.29. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02. The company has a market capitalization of $20.67 billion, a PE ratio of 20.04, a price-to-earnings-growth ratio of 1.77 and a beta of 0.93.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings data on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.29). Restaurant Brands International had a net margin of 12.15% and a return on equity of 28.53%. Sell-side analysts predict that Restaurant Brands International Inc. will post 3.72 earnings per share for the current year.

Restaurant Brands International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 21st will be paid a $0.62 dividend. The ex-dividend date is Friday, March 21st. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.58. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.89%. Restaurant Brands International’s dividend payout ratio is 77.99%.

Institutional Trading of Restaurant Brands International

Several institutional investors and hedge funds have recently modified their holdings of the company. Norges Bank purchased a new stake in Restaurant Brands International in the 4th quarter worth $264,813,000. Meritage Group LP grew its position in shares of Restaurant Brands International by 5,795.9% during the fourth quarter. Meritage Group LP now owns 3,301,689 shares of the restaurant operator’s stock worth $215,204,000 after purchasing an additional 3,245,689 shares in the last quarter. Baupost Group LLC MA raised its stake in Restaurant Brands International by 10,155.5% during the 4th quarter. Baupost Group LLC MA now owns 2,901,700 shares of the restaurant operator’s stock valued at $189,133,000 after purchasing an additional 2,873,406 shares during the period. EdgePoint Investment Group Inc. lifted its holdings in Restaurant Brands International by 26.6% in the 4th quarter. EdgePoint Investment Group Inc. now owns 12,819,570 shares of the restaurant operator’s stock worth $834,478,000 after purchasing an additional 2,695,071 shares in the last quarter. Finally, National Bank of Canada FI boosted its stake in Restaurant Brands International by 68.6% in the 3rd quarter. National Bank of Canada FI now owns 3,181,459 shares of the restaurant operator’s stock worth $229,545,000 after purchasing an additional 1,294,185 shares during the period. 82.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently commented on QSR shares. Guggenheim raised shares of Restaurant Brands International from a “neutral” rating to a “buy” rating and cut their price objective for the company from $74.00 to $71.00 in a research report on Friday, January 24th. TD Cowen downgraded shares of Restaurant Brands International from a “buy” rating to a “hold” rating and set a $70.00 price target for the company. in a research report on Friday, February 14th. Evercore ISI lowered their price objective on Restaurant Brands International from $93.00 to $90.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Oppenheimer cut their target price on Restaurant Brands International from $86.00 to $77.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. Finally, Stifel Nicolaus decreased 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 investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $77.96.

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.