Insider Selling: Restaurant Brands International Inc. (NYSE:QSR) Insider Sells 15,974 Shares of Stock

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) insider Duncan Fulton sold 15,974 shares of the company’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $62.48, for a total value of $998,055.52. Following the completion of the sale, the insider now owns 45,248 shares of the company’s stock, valued at $2,827,095.04. This represents a 26.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Restaurant Brands International Stock Down 0.9 %

NYSE:QSR opened at $63.72 on Thursday. The company’s 50 day moving average is $63.48 and its two-hundred day moving average is $67.65. The company has a market cap of $20.67 billion, a PE ratio of 20.04, a P/E/G ratio of 1.77 and a beta of 0.93. Restaurant Brands International Inc. has a twelve month low of $59.67 and a twelve month high of $83.29. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced 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%. Analysts anticipate that Restaurant Brands International Inc. will post 3.72 EPS 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 issued a $0.62 dividend. The ex-dividend date of this dividend is Friday, March 21st. This is a positive change 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 currently 77.99%.

Wall Street Analysts Forecast Growth

QSR has been the subject of several recent research reports. Guggenheim upgraded Restaurant Brands International from a “neutral” rating to a “buy” rating and decreased their price objective for the company from $74.00 to $71.00 in a report on Friday, January 24th. Oppenheimer reduced their price target on shares of Restaurant Brands International from $86.00 to $77.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Argus downgraded shares of Restaurant Brands International from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th. Citigroup lifted their price objective on shares of Restaurant Brands International from $65.00 to $67.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Finally, TD Cowen lowered Restaurant Brands International from a “buy” rating to a “hold” rating and set a $70.00 target price for the company. in a report on Friday, February 14th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, Restaurant Brands International currently has an average rating of “Hold” and a consensus target price of $77.96.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Summerhill Capital Management lnc. acquired a new position in Restaurant Brands International in the 4th quarter worth approximately $841,000. Baskin Financial Services Inc. boosted its holdings in shares of Restaurant Brands International by 2.8% in the 4th quarter. Baskin Financial Services Inc. now owns 332,594 shares of the restaurant operator’s stock valued at $21,664,000 after acquiring an additional 9,208 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Restaurant Brands International by 10.1% in the third quarter. Geode Capital Management LLC now owns 1,379,847 shares of the restaurant operator’s stock worth $101,085,000 after acquiring an additional 126,600 shares during the period. Alberta Investment Management Corp increased its stake in shares of Restaurant Brands International by 0.7% in the fourth quarter. Alberta Investment Management Corp now owns 914,500 shares of the restaurant operator’s stock worth $59,574,000 after acquiring an additional 6,000 shares during the period. Finally, Partners Capital Investment Group LLP purchased a new position in shares of Restaurant Brands International during the fourth quarter worth $4,969,000. 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.