Sami Siddiqui Sells 10,913 Shares of Restaurant Brands International (NYSE:QSR) Stock

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) CFO Sami Siddiqui sold 10,913 shares of the firm’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $70.87, for a total transaction of $773,404.31. Following the transaction, the chief financial officer directly owned 10,609 shares of the company’s stock, valued at $751,859.83. The trade was a 50.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Restaurant Brands International Stock Performance

NYSE QSR opened at $69.89 on Friday. Restaurant Brands International Inc. has a twelve month low of $58.71 and a twelve month high of $73.70. The company has a quick ratio of 0.98, a current ratio of 1.06 and a debt-to-equity ratio of 2.65. The stock has a market cap of $22.91 billion, a P/E ratio of 24.87, a PEG ratio of 2.79 and a beta of 0.60. The company’s 50-day simple moving average is $69.12 and its 200 day simple moving average is $67.33.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings results on Thursday, October 30th. The restaurant operator reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.03. Restaurant Brands International had a net margin of 9.95% and a return on equity of 32.43%. The firm had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $2.39 billion. During the same quarter last year, the company earned $0.93 earnings per share. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, research analysts forecast that Restaurant Brands International Inc. will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Tuesday, December 23rd will be paid a $0.62 dividend. The ex-dividend date of this dividend is Tuesday, December 23rd. This represents a $2.48 annualized dividend and a yield of 3.5%. Restaurant Brands International’s payout ratio is currently 88.26%.

Analysts Set New Price Targets

Several research firms have issued reports on QSR. Royal Bank Of Canada reiterated an “outperform” rating and set a $82.00 price objective on shares of Restaurant Brands International in a research note on Tuesday, December 9th. Scotiabank increased their target price on shares of Restaurant Brands International from $73.00 to $74.00 and gave the stock a “sector perform” rating in a research report on Friday, October 31st. Argus raised shares of Restaurant Brands International from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a report on Tuesday, December 2nd. Morgan Stanley set a $77.00 price objective on shares of Restaurant Brands International in a research note on Tuesday, October 21st. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $80.00 price objective on shares of Restaurant Brands International in a report on Tuesday, November 25th. Ten analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $75.45.

Institutional Investors Weigh In On Restaurant Brands International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Nuveen LLC acquired a new position in shares of Restaurant Brands International during the first quarter worth approximately $16,093,000. Public Sector Pension Investment Board lifted its holdings in Restaurant Brands International by 1.0% during the 1st quarter. Public Sector Pension Investment Board now owns 31,345 shares of the restaurant operator’s stock worth $2,089,000 after buying an additional 300 shares in the last quarter. American Century Companies Inc. lifted its holdings in Restaurant Brands International by 26.8% during the 1st quarter. American Century Companies Inc. now owns 54,964 shares of the restaurant operator’s stock worth $3,664,000 after buying an additional 11,606 shares in the last quarter. Cresset Asset Management LLC boosted its position in Restaurant Brands International by 15.6% in the 1st quarter. Cresset Asset Management LLC now owns 5,040 shares of the restaurant operator’s stock valued at $339,000 after buying an additional 682 shares during the last quarter. Finally, Raymond James Financial Inc. increased its stake in shares of Restaurant Brands International by 90.9% in the 1st quarter. Raymond James Financial Inc. now owns 563,747 shares of the restaurant operator’s stock valued at $37,568,000 after buying an additional 268,511 shares during the period. Institutional investors and hedge funds own 82.29% of the company’s stock.

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.