Restaurant Brands International Inc. (NYSE:QSR) CEO Sells $5,837,144.65 in Stock

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) CEO Joshua Kobza sold 93,619 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $62.35, for a total transaction of $5,837,144.65. Following the sale, the chief executive officer now owns 848,578 shares in the company, valued at $52,908,838.30. The trade was a 9.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Joshua Kobza also recently made the following trade(s):

• On Monday, January 6th, Joshua Kobza sold 12,420 shares of Restaurant Brands International stock. The stock was sold at an average price of $64.20, for a total transaction of $797,364.00.

Restaurant Brands International Trading Up 0.8 %

Shares of QSR stock opened at $64.34 on Wednesday. Restaurant Brands International Inc. has a 1-year low of $59.67 and a 1-year high of $83.29. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75. The stock has a market cap of $20.87 billion, a price-to-earnings ratio of 20.23, a PEG ratio of 1.77 and a beta of 0.93. The stock has a 50-day moving average of $63.52 and a 200-day moving average of $67.68.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 EPS for the quarter, missing the consensus estimate of $1.10 by ($0.29). Restaurant Brands International had a net margin of 12.15% and a return on equity of 28.53%. On average, equities research analysts forecast 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 disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 21st will be given a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, March 21st. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.58. This represents a $2.48 annualized dividend and a dividend yield of 3.85%. Restaurant Brands International’s dividend payout ratio is 77.99%.

Wall Street Analysts Forecast Growth

QSR has been the subject of several research analyst reports. Citigroup boosted their price objective on shares of Restaurant Brands International from $65.00 to $67.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Guggenheim raised Restaurant Brands International from a “neutral” rating to a “buy” rating and lowered their price target for the stock from $74.00 to $71.00 in a report on Friday, January 24th. Oppenheimer reduced their price objective on 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. Royal Bank of Canada decreased their target price on Restaurant Brands International from $95.00 to $90.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Finally, Truist Financial dropped their target price on shares of Restaurant Brands International from $85.00 to $83.00 and set a “buy” rating for the company in a report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $77.96.

Hedge Funds Weigh In On Restaurant Brands International

Hedge funds and other institutional investors have recently bought and sold shares of the company. Dunhill Financial LLC raised its position in shares of Restaurant Brands International by 100.0% in the 4th quarter. Dunhill Financial LLC now owns 400 shares of the restaurant operator’s stock worth $26,000 after acquiring an additional 200 shares in the last quarter. Farther Finance Advisors LLC grew its stake in Restaurant Brands International by 79.4% during the third quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 185 shares during the period. Venturi Wealth Management LLC grew its stake in Restaurant Brands International by 213.6% during the fourth quarter. Venturi Wealth Management LLC now owns 461 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 314 shares during the period. SBI Securities Co. Ltd. bought a new stake in Restaurant Brands International in the fourth quarter worth approximately $32,000. Finally, IFP Advisors Inc lifted its stake in Restaurant Brands International by 183.9% in the fourth quarter. IFP Advisors Inc now owns 636 shares of the restaurant operator’s stock valued at $41,000 after buying an additional 412 shares during the period. Institutional investors and hedge funds own 82.29% of the company’s stock.

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.