Insider Selling: Restaurant Brands International Inc. (NYSE:QSR) Insider Sells $1,778,150.00 in Stock

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) insider Duncan Fulton sold 27,500 shares of the business’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $64.66, for a total transaction of $1,778,150.00. Following the sale, the insider now owns 34,822 shares in the company, valued at $2,251,590.52. The trade was a 44.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Duncan Fulton also recently made the following trade(s):

• On Friday, February 21st, Duncan Fulton sold 15,974 shares of Restaurant Brands International stock. The shares were sold at an average price of $62.48, for a total transaction of $998,055.52.

Restaurant Brands International Price Performance

QSR stock opened at $65.24 on Friday. The stock has a market capitalization of $21.17 billion, a price-to-earnings ratio of 20.52, a price-to-earnings-growth ratio of 1.77 and a beta of 0.93. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 2.75. Restaurant Brands International Inc. has a 52-week low of $59.67 and a 52-week high of $83.29. The stock’s fifty day simple moving average is $63.44 and its 200-day simple moving average is $67.58.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly 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%. Equities research analysts expect that Restaurant Brands International Inc. will post 3.72 EPS for the current year.

Restaurant Brands International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 21st will be issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 3.80%. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend is Friday, March 21st. Restaurant Brands International’s payout ratio is presently 77.99%.

Analyst Upgrades and Downgrades

QSR has been the subject of a number of research analyst reports. CIBC dropped their target price 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. Jefferies Financial Group dropped their price objective on Restaurant Brands International from $73.00 to $67.00 and set an “equal weight” rating for the company in a research note on Thursday, January 30th. Evercore ISI decreased their target price on Restaurant Brands International from $93.00 to $90.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Truist Financial dropped their price target on Restaurant Brands International from $85.00 to $83.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. Finally, Argus lowered shares of Restaurant Brands International from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, Restaurant Brands International presently has an average rating of “Hold” and an average target price of $77.33.

Hedge Funds Weigh In On Restaurant Brands International

A number of large investors have recently bought and sold shares of QSR. Capital World Investors grew its stake in shares of Restaurant Brands International by 2.0% during 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 buying an additional 841,167 shares during the period. Vanguard Group Inc. boosted its holdings in Restaurant Brands International by 3.3% in the fourth quarter. Vanguard Group Inc. now owns 13,165,498 shares of the restaurant operator’s stock valued at $858,101,000 after acquiring an additional 421,873 shares during the last quarter. EdgePoint Investment Group Inc. grew its position in Restaurant Brands International by 26.6% during the fourth quarter. EdgePoint Investment Group Inc. now owns 12,819,570 shares of the restaurant operator’s stock valued at $834,478,000 after acquiring an additional 2,695,071 shares during the period. Norges Bank acquired a new stake in Restaurant Brands International during the fourth quarter worth about $264,813,000. Finally, Fiera Capital Corp raised its holdings 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 worth $270,554,000 after purchasing an additional 227,203 shares during the period. Hedge funds and other 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.