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 Restaurant Brands International stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 55,761 shares in the company, valued at $3,476,698.35. The trade was a 24.89 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Restaurant Brands International Price Performance

QSR stock traded up $0.50 during midday trading on Tuesday, reaching $64.34. The company had a trading volume of 2,829,901 shares, compared to its average volume of 2,289,669. The company has a market capitalization 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 stock has a 50 day moving average price of $63.58 and a 200-day moving average price of $67.72. Restaurant Brands International Inc. has a 1-year low of $59.67 and a 1-year high of $83.29. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.02 and a quick ratio of 0.94.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted 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%. Equities research analysts expect that Restaurant Brands International Inc. will post 3.72 earnings per share for the current year.

Restaurant Brands International Increases Dividend

The firm 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 dividend of $0.62 per share. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.58. The ex-dividend date is Friday, March 21st. This represents a $2.48 annualized dividend and a yield of 3.85%. Restaurant Brands International’s payout ratio is presently 77.99%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Capital World Investors increased its stake in shares of Restaurant Brands International by 2.0% in the fourth 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. lifted its holdings 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 worth $858,101,000 after purchasing an additional 421,873 shares in the last quarter. EdgePoint Investment Group Inc. lifted its holdings 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 worth $834,478,000 after purchasing an additional 2,695,071 shares in the last quarter. Norges Bank purchased a new stake in Restaurant Brands International in the 4th quarter valued at $264,813,000. Finally, Fiera Capital Corp raised its position in 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 buying an additional 227,203 shares during the last quarter. Institutional investors and hedge funds own 82.29% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. 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. KeyCorp reduced their price objective on shares of Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating for the company in a research report on Wednesday, November 6th. Royal Bank of Canada reduced their price objective on shares of Restaurant Brands International from $95.00 to $90.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. Citigroup lifted their price objective on shares of Restaurant Brands International from $65.00 to $67.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Finally, TD Securities reaffirmed a “hold” rating and set a $70.00 price objective on shares of Restaurant Brands International in a research report on Tuesday. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $77.96.

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.