Restaurant Brands International Inc. (NYSE:QSR) CEO Joshua Kobza Sells 93,619 Shares

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) CEO Joshua Kobza sold 93,619 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $62.35, for a total value of $5,837,144.65. Following the completion of the sale, the chief executive officer now owns 848,578 shares in the company, valued at $52,908,838.30. The trade was a 9.94 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Joshua Kobza also recently made the following trade(s):

• On Monday, January 6th, Joshua Kobza sold 12,420 shares of Restaurant Brands International stock. The shares were sold at an average price of $64.20, for a total transaction of $797,364.00.

Restaurant Brands International Stock Up 0.8 %

Restaurant Brands International stock opened at $64.34 on Wednesday. The company’s 50-day moving average price is $63.52 and its two-hundred day moving average price is $67.68. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 2.75. The stock has a market cap of $20.87 billion, a P/E ratio of 20.23, a P/E/G ratio of 1.77 and a beta of 0.93. Restaurant Brands International Inc. has a twelve month low of $59.67 and a twelve month 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 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%. As a group, analysts expect that Restaurant Brands International Inc. will post 3.72 EPS for the current year.

Restaurant Brands International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 21st will be issued a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, March 21st. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.85%. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.58. Restaurant Brands International’s dividend payout ratio (DPR) is currently 77.99%.

Wall Street Analysts Forecast Growth

QSR has been the subject of a number of analyst reports. Guggenheim raised shares of Restaurant Brands International from a “neutral” rating to a “buy” rating and decreased their target price for the company from $74.00 to $71.00 in a research report on Friday, January 24th. CIBC reduced their price objective on shares of Restaurant Brands International from $86.00 to $78.00 and set an “outperform” rating for the company in a research note on Thursday, February 13th. TD Cowen downgraded Restaurant Brands International from a “buy” rating to a “hold” rating and set a $70.00 target price on the stock. in a research report on Friday, February 14th. Barclays reduced their price target on Restaurant Brands International from $83.00 to $80.00 and set an “overweight” rating for the company in a research report on Thursday, February 13th. Finally, KeyCorp lowered their price target on Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $77.96.

Hedge Funds Weigh In On Restaurant Brands International

Institutional investors and hedge funds have recently modified their holdings of the business. Norges Bank acquired a new stake in Restaurant Brands International in the 4th quarter worth about $264,813,000. Meritage Group LP increased its holdings in shares of Restaurant Brands International by 5,795.9% during the fourth quarter. Meritage Group LP now owns 3,301,689 shares of the restaurant operator’s stock worth $215,204,000 after purchasing an additional 3,245,689 shares during the period. Baupost Group LLC MA raised its position in shares of Restaurant Brands International by 10,155.5% in the fourth quarter. Baupost Group LLC MA now owns 2,901,700 shares of the restaurant operator’s stock valued at $189,133,000 after buying an additional 2,873,406 shares in the last quarter. EdgePoint Investment Group Inc. boosted its stake in shares of Restaurant Brands International by 26.6% in 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 buying an additional 2,695,071 shares during the period. Finally, National Bank of Canada FI boosted its stake in shares of Restaurant Brands International by 68.6% in the third quarter. National Bank of Canada FI now owns 3,181,459 shares of the restaurant operator’s stock valued at $229,545,000 after buying an additional 1,294,185 shares during the period. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Restaurant Brands International Company Profile

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.