Restaurant Brands International Inc. (NYSE:QSR) CFO Sells $851,500.00 in Stock

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) CFO Sami A. Siddiqui sold 12,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $68.12, for a total transaction of $851,500.00. Following the completion of the transaction, the chief financial officer now directly owns 235,228 shares of the company’s stock, valued at $16,023,731.36. This represents a 5.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Restaurant Brands International Price Performance

NYSE:QSR traded down $0.81 on Friday, reaching $67.16. The stock had a trading volume of 1,683,817 shares, compared to its average volume of 1,706,753. The company has a market capitalization of $21.83 billion, a P/E ratio of 21.12, a price-to-earnings-growth ratio of 1.77 and a beta of 0.95. Restaurant Brands International Inc. has a 1-year low of $59.67 and a 1-year high of $81.27. 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 fifty day moving average price of $64.12 and a 200-day moving average price of $67.28.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 EPS 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%. Research analysts forecast 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. Shareholders of record on Friday, March 21st will be paid a $0.62 dividend. The ex-dividend date of this dividend is Friday, March 21st. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.58. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.69%. Restaurant Brands International’s payout ratio is currently 77.99%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on QSR. JPMorgan Chase & Co. decreased their target price on shares of Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating for the company in a research note on Thursday. Morgan Stanley dropped their target price on shares of 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. Jefferies Financial Group dropped their target price on shares of Restaurant Brands International from $73.00 to $67.00 and set an “equal weight” rating on the stock in a report on Thursday, January 30th. Stifel Nicolaus dropped their target price on shares of Restaurant Brands International from $72.00 to $68.00 and set a “hold” rating on the stock in a report on Friday, January 10th. Finally, Barclays decreased their price target on shares of Restaurant Brands International from $83.00 to $80.00 and set an “overweight” rating on the stock in a research report on Thursday, February 13th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, Restaurant Brands International has an average rating of “Moderate Buy” and a consensus target price of $77.08.

Hedge Funds Weigh In On Restaurant Brands International

A number of institutional investors have recently modified their holdings of QSR. Natixis Advisors LLC raised its stake in shares of Restaurant Brands International by 4.4% in the third quarter. Natixis Advisors LLC now owns 54,726 shares of the restaurant operator’s stock worth $3,947,000 after acquiring an additional 2,292 shares during the last quarter. First Horizon Advisors Inc. raised its stake in shares of Restaurant Brands International by 3.8% during the third quarter. First Horizon Advisors Inc. now owns 4,318 shares of the restaurant operator’s stock worth $311,000 after buying an additional 160 shares during the last quarter. Intech Investment Management LLC raised its stake in shares of Restaurant Brands International by 4.5% during the third quarter. Intech Investment Management LLC now owns 9,486 shares of the restaurant operator’s stock worth $685,000 after buying an additional 409 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Restaurant Brands International by 4.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 707,707 shares of the restaurant operator’s stock worth $51,122,000 after buying an additional 30,035 shares during the last quarter. Finally, Citigroup Inc. raised its stake in shares of Restaurant Brands International by 7.2% during the third quarter. Citigroup Inc. now owns 183,433 shares of the restaurant operator’s stock worth $13,251,000 after buying an additional 12,287 shares during the last quarter. 82.29% of the stock is owned by institutional investors.

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.