Insider Selling: Restaurant Brands International Inc. (NYSE:QSR) Insider Sells 3,511 Shares of Stock

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) insider Thiago T. Santelmo sold 3,511 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $64.20, for a total transaction of $225,406.20. Following the completion of the sale, the insider now owns 32,937 shares of the company’s stock, valued at approximately $2,114,555.40. The trade was a 9.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Restaurant Brands International Price Performance

Shares of NYSE:QSR traded down $0.73 on Tuesday, reaching $63.18. 1,327,848 shares of the company traded hands, compared to its average volume of 1,355,462. The stock has a market capitalization of $20.46 billion, a PE ratio of 15.83, a P/E/G ratio of 2.27 and a beta of 0.94. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.02 and a quick ratio of 0.94. The company’s 50 day moving average is $68.15 and its 200-day moving average is $69.65. Restaurant Brands International Inc. has a fifty-two week low of $63.09 and a fifty-two week high of $83.29.

Restaurant Brands International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 20th were given a $0.58 dividend. The ex-dividend date was Friday, December 20th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.67%. Restaurant Brands International’s dividend payout ratio (DPR) is 58.15%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Oppenheimer reduced their price objective on Restaurant Brands International from $86.00 to $77.00 and set an “outperform” rating on the stock in a research note on Tuesday. Argus dropped their price target on shares of Restaurant Brands International from $85.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Stifel Nicolaus cut their price objective on shares of Restaurant Brands International from $77.00 to $72.00 and set a “hold” rating on the stock in a report on Thursday, November 14th. TD Cowen decreased their price target on shares of Restaurant Brands International from $82.00 to $80.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. Finally, Guggenheim upped their price target on shares of Restaurant Brands International from $73.00 to $74.00 and gave the company a “neutral” rating in a report on Monday, September 9th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Restaurant Brands International currently has an average rating of “Moderate Buy” and an average price target of $81.92.

Institutional Trading of Restaurant Brands International

Institutional investors and hedge funds have recently bought and sold shares of the stock. Farther Finance Advisors LLC boosted its position in Restaurant Brands International by 79.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock worth $30,000 after acquiring an additional 185 shares during the period. Plato Investment Management Ltd purchased a new position in Restaurant Brands International in the third quarter valued at about $61,000. Blue Trust Inc. raised its stake in shares of Restaurant Brands International by 123.9% during the 3rd quarter. Blue Trust Inc. now owns 1,388 shares of the restaurant operator’s stock worth $98,000 after purchasing an additional 768 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Restaurant Brands International by 67.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,754 shares of the restaurant operator’s stock valued at $126,000 after buying an additional 704 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in Restaurant Brands International by 17.8% in the third quarter. BNP Paribas Financial Markets now owns 1,754 shares of the restaurant operator’s stock worth $126,000 after buying an additional 265 shares during the last quarter. Institutional investors and hedge funds own 82.29% of the company’s stock.

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.