Insider Selling: Restaurant Brands International Inc. (NYSE:QSR) CFO Sells 18,477 Shares of Stock

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) CFO Sami A. Siddiqui sold 18,477 shares of the company’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $62.35, for a total transaction of $1,152,040.95. Following the sale, the chief financial officer now directly owns 55,761 shares of the company’s stock, valued at approximately $3,476,698.35. This represents a 24.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Restaurant Brands International Price Performance

Shares of Restaurant Brands International stock traded up $0.50 during mid-day trading on Tuesday, reaching $64.34. 2,829,901 shares of the stock were exchanged, compared to its average volume of 2,289,669. The company has a market cap of $20.87 billion, a price-to-earnings ratio of 20.23, a price-to-earnings-growth ratio of 1.77 and a beta of 0.93. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75. The firm has a 50-day simple moving average of $63.58 and a 200 day simple moving average of $67.72. Restaurant Brands International Inc. has a fifty-two week low of $59.67 and a fifty-two week high of $83.29.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.29). Restaurant Brands International had a return on equity of 28.53% and a net margin of 12.15%. 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 Friday, April 4th. Shareholders of record on Friday, March 21st will be issued a dividend of $0.62 per share. The ex-dividend date is Friday, March 21st. This represents a $2.48 dividend on an annualized basis and a yield of 3.85%. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.58. Restaurant Brands International’s dividend payout ratio is currently 77.99%.

Analysts Set New Price Targets

Several analysts recently issued reports on QSR shares. Truist Financial decreased their price objective on shares of Restaurant Brands International from $85.00 to $83.00 and set a “buy” rating for the company in a report on Thursday, February 13th. Argus downgraded shares of Restaurant Brands International from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. CIBC reduced their price target on shares of Restaurant Brands International from $86.00 to $78.00 and set an “outperform” rating for the company in a report on Thursday, February 13th. Guggenheim raised shares of Restaurant Brands International from a “neutral” rating to a “buy” rating and reduced their price target for the company from $74.00 to $71.00 in a report on Friday, January 24th. Finally, Stifel Nicolaus reduced their price target on shares of Restaurant Brands International from $72.00 to $68.00 and set a “hold” rating for the company in a report on Friday, January 10th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Restaurant Brands International has an average rating of “Hold” and an average target price of $77.96.

Institutional Investors Weigh In On Restaurant Brands International

A number of hedge funds have recently added to or reduced their stakes in QSR. Capital World Investors boosted its stake in shares of Restaurant Brands International by 2.0% in the 4th quarter. Capital World Investors now owns 43,418,188 shares of the restaurant operator’s stock valued at $2,829,974,000 after purchasing an additional 841,167 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Restaurant Brands International by 3.3% in the 4th quarter. Vanguard Group Inc. now owns 13,165,498 shares of the restaurant operator’s stock valued at $858,101,000 after purchasing an additional 421,873 shares during the last quarter. EdgePoint Investment Group Inc. boosted its stake in shares of Restaurant Brands International by 26.6% in the 4th quarter. EdgePoint Investment Group Inc. now owns 12,819,570 shares of the restaurant operator’s stock valued at $834,478,000 after purchasing an additional 2,695,071 shares during the last quarter. Norges Bank bought a new position in shares of Restaurant Brands International in the 4th quarter valued at about $264,813,000. Finally, Fiera Capital Corp boosted its stake in shares of Restaurant Brands International by 6.5% in the 3rd quarter. Fiera Capital Corp now owns 3,744,620 shares of the restaurant operator’s stock valued at $270,554,000 after purchasing an additional 227,203 shares during the last quarter. Institutional investors own 82.29% of the company’s stock.

About Restaurant Brands International

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.