Restaurant Brands International (NYSE:QSR) Insider Sells $2,238,300.00 in Stock

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) insider Jacqueline Friesner sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $74.61, for a total value of $2,238,300.00. Following the completion of the transaction, the insider owned 165,727 shares in the company, valued at approximately $12,364,891.47. This trade represents a 15.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Jacqueline Friesner also recently made the following trade(s):

• On Monday, February 23rd, Jacqueline Friesner sold 4,617 shares of Restaurant Brands International stock. The stock was sold at an average price of $67.51, for a total value of $311,693.67.
• On Wednesday, January 7th, Jacqueline Friesner sold 816 shares of Restaurant Brands International stock. The shares were sold at an average price of $67.44, for a total value of $55,031.04.

Restaurant Brands International Trading Down 0.5%

Shares of QSR opened at $73.77 on Friday. Restaurant Brands International Inc. has a 52-week low of $58.71 and a 52-week high of $75.57. The company has a quick ratio of 0.91, a current ratio of 0.98 and a debt-to-equity ratio of 2.62. The firm’s fifty day moving average is $69.93 and its two-hundred day moving average is $68.46. The stock has a market cap of $25.61 billion, a PE ratio of 31.26, a price-to-earnings-growth ratio of 2.11 and a beta of 0.56.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its earnings results on Thursday, February 12th. The restaurant operator reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. The business had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.41 billion. Restaurant Brands International had a net margin of 8.23% and a return on equity of 32.51%. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.81 earnings per share. Research analysts forecast that Restaurant Brands International Inc. will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Thursday, March 19th will be paid a dividend of $0.65 per share. The ex-dividend date of this dividend is Thursday, March 19th. This represents a $2.60 annualized dividend 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 dividend payout ratio is currently 110.17%.

Institutional Investors Weigh In On Restaurant Brands International

Institutional investors and hedge funds have recently modified their holdings of the company. Lloyd Advisory Services LLC. acquired a new position in Restaurant Brands International during the 4th quarter worth about $25,000. Larson Financial Group LLC grew its position in Restaurant Brands International by 1,922.2% in the 4th quarter. Larson Financial Group LLC now owns 364 shares of the restaurant operator’s stock valued at $25,000 after acquiring an additional 346 shares in the last quarter. Steigerwald Gordon & Koch Inc. purchased a new stake in Restaurant Brands International during the third quarter worth about $29,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in shares of Restaurant Brands International during the fourth quarter worth about $29,000. Finally, Cary Street Partners Investment Advisory LLC acquired a new stake in shares of Restaurant Brands International during the second quarter worth about $35,000. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Citigroup lowered their target price on Restaurant Brands International from $74.00 to $72.00 and set a “neutral” rating on the stock in a report on Tuesday, February 3rd. Royal Bank Of Canada increased their price target on 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 price objective on Restaurant Brands International from $77.00 to $72.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 24th. TD Cowen lowered their price objective on Restaurant Brands International from $74.00 to $72.00 and set a “hold” rating on the stock in a research note on Thursday, February 12th. Finally, BMO Capital Markets cut their target price on Restaurant Brands International from $83.00 to $81.00 and set an “outperform” rating for the company in a research note on Friday, February 13th. 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 stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $79.19.

About Restaurant Brands International

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.