Restaurant Brands International (NYSE:QSR) Insider Sells $1,877,250.00 in Stock

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) insider Jill Granat sold 25,000 shares of the firm’s stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $75.09, for a total transaction of $1,877,250.00. Following the completion of the transaction, the insider directly owned 478,845 shares of the company’s stock, valued at approximately $35,956,471.05. This represents a 4.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Jill Granat also recently made the following trade(s):

• On Monday, March 16th, Jill Granat sold 25,000 shares of Restaurant Brands International stock. The shares were sold at an average price of $74.76, for a total transaction of $1,869,000.00.
• On Monday, February 23rd, Jill Granat sold 11,525 shares of Restaurant Brands International stock. The shares were sold at an average price of $67.51, for a total value of $778,052.75.
• On Wednesday, January 7th, Jill Granat sold 1,925 shares of Restaurant Brands International stock. The stock was sold at an average price of $67.44, for a total value of $129,822.00.

Restaurant Brands International Stock Down 0.5%

Restaurant Brands International stock opened at $73.77 on Friday. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.91 and a current ratio of 0.98. The business’s 50-day simple moving average is $69.93 and its two-hundred day simple moving average is $68.46. The company has a market cap of $25.61 billion, a PE ratio of 31.26, a PEG ratio of 2.11 and a beta of 0.56. Restaurant Brands International Inc. has a fifty-two week low of $58.71 and a fifty-two week high of $75.57.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings data on Thursday, February 12th. The restaurant operator reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.03. Restaurant Brands International had a return on equity of 32.51% and a net margin of 8.23%.The firm had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.41 billion. During the same period last year, the business posted $0.81 earnings per share. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. Equities analysts anticipate that Restaurant Brands International Inc. will post 3.72 EPS for the current year.

Restaurant Brands International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Thursday, March 19th will be given a dividend of $0.65 per share. The ex-dividend date of this dividend is Thursday, March 19th. This represents a $2.60 dividend on an annualized basis and a yield of 3.5%. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.62. Restaurant Brands International’s payout ratio is 110.17%.

Hedge Funds Weigh In On Restaurant Brands International

Hedge funds and other institutional investors have recently made changes to their positions in the company. D.A. Davidson & CO. boosted its stake in shares of Restaurant Brands International by 1.9% in the fourth quarter. D.A. Davidson & CO. now owns 8,451 shares of the restaurant operator’s stock worth $577,000 after acquiring an additional 154 shares during the last quarter. Capital Analysts LLC raised its stake in Restaurant Brands International by 20.6% in the 4th quarter. Capital Analysts LLC now owns 924 shares of the restaurant operator’s stock valued at $63,000 after purchasing an additional 158 shares during the last quarter. Legacy Wealth Asset Management LLC lifted its holdings in Restaurant Brands International by 2.0% in the 4th quarter. Legacy Wealth Asset Management LLC now owns 8,029 shares of the restaurant operator’s stock valued at $548,000 after purchasing an additional 161 shares in the last quarter. Applied Finance Capital Management LLC lifted its holdings in Restaurant Brands International by 1.9% in the 4th quarter. Applied Finance Capital Management LLC now owns 9,440 shares of the restaurant operator’s stock valued at $644,000 after purchasing an additional 179 shares in the last quarter. Finally, MAI Capital Management boosted its stake in Restaurant Brands International by 4.1% during the 2nd quarter. MAI Capital Management now owns 4,595 shares of the restaurant operator’s stock worth $305,000 after purchasing an additional 180 shares during the last quarter. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on QSR shares. Royal Bank Of Canada upped their price objective on shares of Restaurant Brands International from $80.00 to $83.00 and gave the company an “outperform” rating in a report on Monday, March 2nd. JPMorgan Chase & Co. reduced their target price on shares of Restaurant Brands International from $77.00 to $72.00 and set an “overweight” rating for the company in a report on Tuesday, February 24th. Oppenheimer boosted their target price on shares of Restaurant Brands International from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Wednesday. Stifel Nicolaus raised shares of Restaurant Brands International from a “hold” rating to a “buy” rating and upped their price target for the company from $68.00 to $90.00 in a report on Monday, March 2nd. Finally, Piper Sandler raised Restaurant Brands International from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $71.00 to $84.00 in a research report on Monday, March 2nd. Fourteen analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.19.

Restaurant Brands International Company Profile

Restaurant Brands International Inc (NYSE: QSR) is a global quick-service restaurant company formed through the combination of established brands. The company’s principal holdings include Burger King, Tim Hortons and Popeyes, each of which operates under its own brand identity and menu. Restaurant Brands International’s business is centered on developing and expanding these franchised restaurant systems, supporting franchisees with brand management, supply chain coordination, and marketing programs.

RBI’s restaurants offer a range of quick-service food and beverage products: Burger King is known for its flame-grilled hamburgers and sandwiches, Tim Hortons for coffee, baked goods and breakfast items, and Popeyes for Louisiana-style fried chicken and seafood.