Restaurant Brands International (NYSE:QSR) Insider Sells $1,869,000.00 in Stock

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) insider Jill Granat sold 25,000 shares of the company’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $74.76, for a total transaction of $1,869,000.00. Following the completion of the sale, the insider directly owned 478,845 shares in the company, valued at approximately $35,798,452.20. The trade was a 4.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Wednesday, March 18th, Jill Granat sold 25,000 shares of Restaurant Brands International stock. The stock was sold at an average price of $75.09, for a total transaction of $1,877,250.00.
• 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 shares were sold at an average price of $67.44, for a total value of $129,822.00.

Restaurant Brands International Trading Down 0.5%

Shares of QSR opened at $73.77 on Friday. Restaurant Brands International Inc. has a 1 year low of $58.71 and a 1 year high of $75.57. The company has a current ratio of 0.98, a quick ratio of 0.91 and a debt-to-equity ratio of 2.62. The stock has a 50 day simple moving average of $69.93 and a 200-day simple moving average of $68.46. The stock 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 (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings results on Thursday, February 12th. The restaurant operator reported $0.96 EPS for the quarter, beating 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 business had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same quarter in the previous year, the firm earned $0.81 EPS. Restaurant Brands International’s quarterly revenue was up 7.4% on a year-over-year basis. On average, sell-side analysts predict that Restaurant Brands International Inc. will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on QSR shares. Piper Sandler upgraded shares of Restaurant Brands International from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $71.00 to $84.00 in a research report on Monday, March 2nd. Sanford C. Bernstein set a $82.00 price target on shares of Restaurant Brands International in a research report on Friday, February 13th. Oppenheimer upped their price objective on shares of Restaurant Brands International from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Wednesday. Scotiabank cut their target price on shares of Restaurant Brands International from $74.00 to $71.00 and set a “sector perform” rating for the company in a research note on Friday, February 13th. Finally, BMO Capital Markets reduced their target price on Restaurant Brands International from $83.00 to $81.00 and set an “outperform” rating on the stock in a report on Friday, February 13th. Fourteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $79.19.

Hedge Funds Weigh In On Restaurant Brands International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in QSR. AQR Capital Management LLC acquired a new stake in shares of Restaurant Brands International in the 1st quarter valued at about $237,000. Savant Capital LLC acquired a new position in shares of Restaurant Brands International during the second quarter worth about $217,000. Vise Technologies Inc. bought a new position in shares of Restaurant Brands International during the second quarter worth about $265,000. Cetera Investment Advisers raised its position in Restaurant Brands International by 1.8% in the 2nd quarter. Cetera Investment Advisers now owns 40,618 shares of the restaurant operator’s stock valued at $2,693,000 after buying an additional 707 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in Restaurant Brands International by 8.0% in the 2nd quarter. Vanguard Group Inc. now owns 15,303,726 shares of the restaurant operator’s stock valued at $1,015,137,000 after buying an additional 1,134,665 shares during the last quarter. 82.29% of the stock is owned by institutional investors and hedge funds.

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.