Restaurant Brands International Inc. (NYSE:QSR) CFO Sami A. Siddiqui Sells 23,333 Shares

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) CFO Sami A. Siddiqui sold 23,333 shares of the company’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $64.38, for a total value of $1,502,178.54. Following the sale, the chief financial officer now owns 91,766 shares of the company’s stock, valued at approximately $5,907,895.08. This trade represents a 20.27 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Restaurant Brands International Price Performance

Shares of Restaurant Brands International stock opened at $65.25 on Friday. The stock has a market cap 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 debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02. The stock has a 50 day moving average price of $63.47 and a 200-day moving average price of $67.63. Restaurant Brands International Inc. has a one year low of $59.67 and a one year high of $83.29.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings data 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 net margin of 12.15% and a return on equity of 28.53%. Equities analysts expect that Restaurant Brands International Inc. will post 3.72 EPS for the current year.

Restaurant Brands International Increases Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on QSR shares. Morgan Stanley decreased their target price on Restaurant Brands International from $81.00 to $73.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. Evercore ISI decreased their price objective on Restaurant Brands International from $93.00 to $90.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Wells Fargo & Company cut their price objective on Restaurant Brands International from $72.00 to $69.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 8th. Oppenheimer decreased their target price on shares of Restaurant Brands International from $86.00 to $77.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. Finally, Guggenheim raised shares of Restaurant Brands International from a “neutral” rating to a “buy” rating and lowered their price target for the company from $74.00 to $71.00 in a report on Friday, January 24th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, Restaurant Brands International has an average rating of “Hold” and an average target price of $77.96.

Institutional Trading of Restaurant Brands International

Several institutional investors and hedge funds have recently made changes to their positions in QSR. Norges Bank bought a new stake in Restaurant Brands International during the 4th quarter valued at about $264,813,000. Meritage Group LP increased its position 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 acquiring an additional 3,245,689 shares during the period. Baupost Group LLC MA raised its stake in shares of Restaurant Brands International by 10,155.5% during 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 acquiring an additional 2,873,406 shares in the last quarter. EdgePoint Investment Group Inc. boosted its holdings 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 purchasing an additional 2,695,071 shares during the period. Finally, National Bank of Canada FI grew its stake in 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 worth $229,545,000 after purchasing an additional 1,294,185 shares in the last quarter. 82.29% of the stock is currently owned by institutional investors.

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.