Restaurant Brands International Inc. (NYSE:QSR) CEO Sells $18,506,553.32 in Stock

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) CEO Joshua Kobza sold 246,196 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $75.17, for a total value of $18,506,553.32. Following the sale, the chief executive officer now directly owns 595,764 shares of the company’s stock, valued at $44,783,579.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Joshua Kobza also recently made the following trade(s):

• On Thursday, February 22nd, Joshua Kobza sold 161,353 shares of Restaurant Brands International stock. The stock was sold at an average price of $75.57, for a total value of $12,193,446.21.
• On Tuesday, February 20th, Joshua Kobza sold 36,371 shares of Restaurant Brands International stock. The stock was sold at an average price of $76.26, for a total transaction of $2,773,652.46.

Restaurant Brands International Price Performance

QSR opened at $73.60 on Friday. 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 Inc. has a 1 year low of $61.77 and a 1 year high of $83.29. The stock’s 50 day simple moving average is $76.37 and its 200 day simple moving average is $74.85. The firm has a market cap of $23.29 billion, a price-to-earnings ratio of 18.97, a PEG ratio of 2.30 and a beta of 0.92.

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

Restaurant Brands International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 21st will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 3.15%. The ex-dividend date is Friday, June 21st. Restaurant Brands International’s dividend payout ratio (DPR) is currently 59.79%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on QSR shares. CIBC dropped their price objective on Restaurant Brands International from $88.00 to $87.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 17th. Piper Sandler lowered their price objective on Restaurant Brands International from $84.00 to $82.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 1st. Royal Bank of Canada reduced their target price on shares of Restaurant Brands International from $91.00 to $90.00 and set an “outperform” rating for the company in a research note on Wednesday, February 14th. Evercore ISI raised their price objective on shares of Restaurant Brands International from $88.00 to $93.00 and gave the stock an “outperform” rating in a report on Wednesday, February 28th. Finally, KeyCorp increased their target price on Restaurant Brands International from $82.00 to $85.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $83.56.

Hedge Funds Weigh In On Restaurant Brands International

Several hedge funds have recently made changes to their positions in QSR. SG Americas Securities LLC raised its holdings in Restaurant Brands International by 223.3% in the 3rd quarter. SG Americas Securities LLC now owns 5,696 shares of the restaurant operator’s stock worth $379,000 after purchasing an additional 3,934 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in Restaurant Brands International by 4.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 28,569 shares of the restaurant operator’s stock valued at $1,903,000 after acquiring an additional 1,338 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of Restaurant Brands International by 4.7% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 15,548 shares of the restaurant operator’s stock worth $1,036,000 after acquiring an additional 693 shares in the last quarter. Stratos Wealth Partners LTD. lifted its stake in shares of Restaurant Brands International by 16.1% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 6,329 shares of the restaurant operator’s stock valued at $422,000 after purchasing an additional 878 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in Restaurant Brands International by 7.8% in the third quarter. Bank of New York Mellon Corp now owns 1,918,585 shares of the restaurant operator’s stock worth $127,816,000 after purchasing an additional 138,215 shares during the period. 82.29% of the stock is 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.