Restaurant Brands International Inc. (NYSE:QSR) Director Sells $638,140.75 in Stock

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) Director Ali Hedayat sold 8,537 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $74.75, for a total value of $638,140.75. Following the sale, the director now directly owns 22,881 shares in the company, valued at $1,710,354.75. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Restaurant Brands International Price Performance

Shares of Restaurant Brands International stock opened at $74.30 on Wednesday. The business has a 50 day simple moving average of $76.52 and a two-hundred day simple moving average of $74.87. Restaurant Brands International Inc. has a 12 month low of $61.77 and a 12 month high of $83.29. The stock has a market capitalization of $23.51 billion, a P/E ratio of 19.15, a PEG ratio of 2.30 and a beta of 0.92. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.08 and a quick ratio of 1.00.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings results on Tuesday, April 30th. The restaurant operator reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. The business had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.70 billion. Restaurant Brands International had a return on equity of 31.12% and a net margin of 17.17%. The business’s revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.75 earnings per share. As a group, analysts predict that Restaurant Brands International Inc. will post 3.37 EPS for the current fiscal year.

Restaurant Brands International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, June 21st will be given a $0.58 dividend. The ex-dividend date is Friday, June 21st. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.12%. Restaurant Brands International’s dividend payout ratio (DPR) is presently 59.79%.

Analyst Upgrades and Downgrades

Several research firms recently commented on QSR. Citigroup raised their target price on Restaurant Brands International from $78.00 to $79.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. TD Securities increased their price target on shares of Restaurant Brands International from $84.00 to $88.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. CIBC cut their price objective on shares of Restaurant Brands International from $88.00 to $87.00 and set an “outperform” rating for the company in a report on Wednesday, January 17th. Truist Financial upped their price objective on shares of Restaurant Brands International from $87.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Finally, Guggenheim raised their target price on Restaurant Brands International from $70.00 to $74.00 and gave the company a “neutral” rating in a research report on Wednesday, February 14th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $83.56.

Institutional Investors Weigh In On Restaurant Brands International

A number of large investors have recently made changes to their positions in the stock. Fiduciary Family Office LLC grew its position in shares of Restaurant Brands International by 96.6% in the first quarter. Fiduciary Family Office LLC now owns 15,979 shares of the restaurant operator’s stock valued at $1,270,000 after purchasing an additional 7,852 shares in the last quarter. JCP Investment Management LLC purchased a new stake in shares of Restaurant Brands International in the first quarter valued at approximately $9,772,000. Forsta AP Fonden grew its position in shares of Restaurant Brands International by 13.7% in the first quarter. Forsta AP Fonden now owns 69,500 shares of the restaurant operator’s stock valued at $5,525,000 after purchasing an additional 8,400 shares in the last quarter. Oppenheimer & Co. Inc. grew its position in Restaurant Brands International by 16.5% in the first quarter. Oppenheimer & Co. Inc. now owns 74,421 shares of the restaurant operator’s stock worth $5,913,000 after acquiring an additional 10,544 shares during the period. Finally, AIA Group Ltd increased its stake in Restaurant Brands International by 22.8% during the first quarter. AIA Group Ltd now owns 36,448 shares of the restaurant operator’s stock worth $2,896,000 after acquiring an additional 6,761 shares during the last quarter. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

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.