Restaurant Brands International Inc. (NYSE:QSR) Insider Jeffrey Housman Sells 14,593 Shares

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) insider Jeffrey Housman sold 14,593 shares of the business’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $64.38, for a total value of $939,497.34. Following the completion of the sale, the insider now directly owns 142,986 shares of the company’s stock, valued at approximately $9,205,438.68. This trade represents a 9.26 % 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 Stock Performance

Shares of QSR opened at $65.24 on Friday. 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 business’s 50 day moving average price is $63.44 and its 200-day moving average price is $67.60. Restaurant Brands International Inc. has a 52 week low of $59.67 and a 52 week high of $83.29. The stock has a market cap of $21.17 billion, a P/E ratio of 20.52, a P/E/G ratio of 1.77 and a beta of 0.93.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued 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 return on equity of 28.53% and a net margin of 12.15%. Equities research analysts anticipate that Restaurant Brands International Inc. will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 21st will be given a $0.62 dividend. This is a boost 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 3.80%. The ex-dividend date is Friday, March 21st. Restaurant Brands International’s payout ratio is currently 77.99%.

Hedge Funds Weigh In On Restaurant Brands International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in QSR. Blue Trust Inc. increased its stake in shares of Restaurant Brands International by 123.9% in the 3rd quarter. Blue Trust Inc. now owns 1,388 shares of the restaurant operator’s stock worth $98,000 after purchasing an additional 768 shares in the last quarter. Private Advisor Group LLC purchased a new stake in Restaurant Brands International in the 3rd quarter worth $257,000. International Assets Investment Management LLC purchased a new stake in Restaurant Brands International in the 3rd quarter worth $4,596,000. Assenagon Asset Management S.A. increased its stake in Restaurant Brands International by 379.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 22,575 shares of the restaurant operator’s stock worth $1,628,000 after buying an additional 17,868 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in Restaurant Brands International by 38.7% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 4,297 shares of the restaurant operator’s stock worth $310,000 after buying an additional 1,198 shares in the last quarter. 82.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Guggenheim upgraded Restaurant Brands International from a “neutral” rating to a “buy” rating and reduced their price target for the company from $74.00 to $71.00 in a report on Friday, January 24th. Morgan Stanley reduced their price target 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. Argus downgraded Restaurant Brands International from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. Truist Financial reduced their price target on Restaurant Brands International from $85.00 to $83.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. Finally, Barclays reduced their price target on Restaurant Brands International from $83.00 to $80.00 and set an “overweight” rating on the stock in a report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $77.33.

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.