Restaurant Brands International Inc. (NYSE:QSR) CFO Sami A. Siddiqui Sells 12,500 Shares

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

Restaurant Brands International Stock Performance

Restaurant Brands International stock traded down $0.81 during midday trading on Friday, hitting $67.16. The company’s stock had a trading volume of 1,683,817 shares, compared to its average volume of 1,706,753. Restaurant Brands International Inc. has a 1-year low of $59.67 and a 1-year high of $81.27. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.02 and a quick ratio of 0.94. The company has a 50-day moving average price of $64.12 and a two-hundred day moving average price of $67.28. The company has a market cap of $21.83 billion, a price-to-earnings ratio of 21.12, a PEG ratio of 1.77 and a beta of 0.95.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings data on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share for the quarter, missing the consensus estimate 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, sell-side analysts predict that Restaurant Brands International Inc. will post 3.72 earnings per share 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. Shareholders of record on Friday, March 21st will be issued a $0.62 dividend. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.58. This represents a $2.48 annualized dividend and a yield of 3.69%. The ex-dividend date is Friday, March 21st. Restaurant Brands International’s dividend payout ratio (DPR) is currently 77.99%.

Hedge Funds Weigh In On Restaurant Brands International

Several hedge funds have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC increased its holdings in Restaurant Brands International by 473.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 24,645 shares of the restaurant operator’s stock valued at $1,606,000 after buying an additional 20,348 shares during the period. Lansforsakringar Fondforvaltning AB publ bought a new position in Restaurant Brands International in the 4th quarter valued at about $4,325,000. Park Square Financial Group LLC bought a new position in Restaurant Brands International in the 4th quarter valued at about $81,000. Public Employees Retirement System of Ohio increased its holdings in Restaurant Brands International by 110.2% in the 4th quarter. Public Employees Retirement System of Ohio now owns 53,873 shares of the restaurant operator’s stock valued at $3,510,000 after buying an additional 28,248 shares during the period. Finally, Burgundy Asset Management Ltd. increased its holdings in Restaurant Brands International by 0.4% in the 4th quarter. Burgundy Asset Management Ltd. now owns 1,167,299 shares of the restaurant operator’s stock valued at $76,006,000 after buying an additional 4,464 shares during the period. 82.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on QSR shares. JPMorgan Chase & Co. reduced their price target on shares of Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating for the company in a report on Thursday. Wells Fargo & Company reduced their target price on shares of Restaurant Brands International from $72.00 to $69.00 and set an “equal weight” rating for the company in a report on Wednesday, January 8th. Argus raised shares of Restaurant Brands International from a “hold” rating to a “buy” rating in a research report on Wednesday. Jefferies Financial Group decreased their price objective on shares of Restaurant Brands International from $73.00 to $67.00 and set an “equal weight” rating for the company in a research report on Thursday, January 30th. Finally, Oppenheimer decreased their price objective on shares of Restaurant Brands International from $86.00 to $77.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $77.08.

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.