Jeffrey Housman Sells 20,000 Shares of Restaurant Brands International (NYSE:QSR) Stock

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) insider Jeffrey Housman sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of $73.48, for a total value of $1,469,600.00. Following the completion of the transaction, the insider owned 162,077 shares in the company, valued at approximately $11,909,417.96. This trade represents a 10.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Jeffrey Housman also recently made the following trade(s):

• On Monday, February 23rd, Jeffrey Housman sold 7,705 shares of Restaurant Brands International stock. The stock was sold at an average price of $67.51, for a total value of $520,164.55.
• On Wednesday, January 7th, Jeffrey Housman sold 1,483 shares of Restaurant Brands International stock. The stock was sold at an average price of $67.44, for a total value of $100,013.52.

Restaurant Brands International Stock Down 0.5%

NYSE QSR opened at $73.77 on Friday. The business has a fifty day moving average price of $69.93 and a 200 day moving average price of $68.50. 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 company has a market cap of $25.61 billion, a P/E ratio of 31.26, a P/E/G ratio of 2.10 and a beta of 0.56. Restaurant Brands International Inc. has a one year low of $58.71 and a one year high of $75.57.

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 anticipate that Restaurant Brands International Inc. will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Increases Dividend

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

Hedge Funds Weigh In On Restaurant Brands International

Institutional investors have recently bought and sold shares of the company. Purpose Unlimited Inc. acquired a new position in Restaurant Brands International in the 4th quarter valued at about $7,329,000. Rockefeller Capital Management L.P. increased its holdings in shares of Restaurant Brands International by 26.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 325,904 shares of the restaurant operator’s stock worth $22,237,000 after buying an additional 69,030 shares during the last quarter. Corient Private Wealth LLC increased its holdings in shares of Restaurant Brands International by 93.6% during the 4th quarter. Corient Private Wealth LLC now owns 26,792 shares of the restaurant operator’s stock worth $1,828,000 after buying an additional 12,951 shares during the last quarter. Platinum Paramount Investment LTD. purchased a new stake in shares of Restaurant Brands International during the 4th quarter valued at approximately $281,033,000. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in Restaurant Brands International by 238.1% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,520 shares of the restaurant operator’s stock valued at $240,000 after acquiring an additional 2,479 shares during the last quarter. 82.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the stock. Sanford C. Bernstein set a $82.00 price objective on shares of Restaurant Brands International in a report on Friday, February 13th. Truist Financial boosted their target price on Restaurant Brands International from $83.00 to $87.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Barclays dropped their price target on Restaurant Brands International from $86.00 to $82.00 and set an “overweight” rating for the company in a research report on Friday, February 13th. Wells Fargo & Company increased their price target on Restaurant Brands International from $70.00 to $75.00 and gave the company an “equal weight” rating in a report on Friday, February 27th. Finally, Morgan Stanley lifted their price objective on Restaurant Brands International from $77.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 3rd. Fourteen investment 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 data from MarketBeat, the company currently has an average 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.