Restaurant Brands International Inc (QSR) Insider Sells $12,262,660.32 in Stock

Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) insider Alexandre Macedo sold 191,964 shares of the stock in a transaction that occurred on Thursday, February 14th. The stock was sold at an average price of $63.88, for a total transaction of $12,262,660.32. Following the completion of the transaction, the insider now owns 103,773 shares in the company, valued at $6,629,019.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Alexandre Macedo also recently made the following trade(s):

  • On Tuesday, February 19th, Alexandre Macedo purchased 45,000 shares of Restaurant Brands International stock. The stock was acquired at an average price of $64.73 per share, for a total transaction of $2,912,850.00.

Shares of QSR stock opened at $64.67 on Thursday. The firm has a market cap of $16.38 billion, a PE ratio of 24.59, a PEG ratio of 2.14 and a beta of 1.44. Restaurant Brands International Inc has a one year low of $50.20 and a one year high of $65.59. The company has a debt-to-equity ratio of 2.73, a quick ratio of 1.27 and a current ratio of 1.34.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings data on Monday, February 11th. The restaurant operator reported $0.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.01. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.39 billion. Restaurant Brands International had a net margin of 11.42% and a return on equity of 28.98%. The company’s revenue was up 12.2% on a year-over-year basis. During the same period last year, the firm earned $0.66 EPS. On average, equities analysts forecast that Restaurant Brands International Inc will post 2.76 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 3rd. Stockholders of record on Friday, March 15th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.09%. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.45. The ex-dividend date is Thursday, March 14th. Restaurant Brands International’s dividend payout ratio (DPR) is presently 68.44%.

Several research firms have weighed in on QSR. Zacks Investment Research downgraded shares of Restaurant Brands International from a “hold” rating to a “sell” rating in a research report on Tuesday, January 8th. BMO Capital Markets upgraded shares of Restaurant Brands International from a “market perform” rating to an “outperform” rating and set a $63.11 price target on the stock in a research report on Wednesday, January 23rd. ValuEngine upgraded shares of Restaurant Brands International from a “hold” rating to a “buy” rating in a research report on Thursday, January 24th. Citigroup increased their price target on shares of Restaurant Brands International from $65.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, February 14th. Finally, Oppenheimer increased their price target on shares of Restaurant Brands International from $65.00 to $75.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 12th. One analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Restaurant Brands International has a consensus rating of “Buy” and an average price target of $69.87.

Several hedge funds have recently made changes to their positions in the company. Millennium Management LLC raised its position in shares of Restaurant Brands International by 32.2% during the 4th quarter. Millennium Management LLC now owns 1,942,750 shares of the restaurant operator’s stock valued at $101,606,000 after purchasing an additional 472,955 shares during the period. Legal & General Group Plc raised its position in shares of Restaurant Brands International by 2.0% during the 4th quarter. Legal & General Group Plc now owns 787,274 shares of the restaurant operator’s stock valued at $41,111,000 after purchasing an additional 15,372 shares during the period. Voloridge Investment Management LLC bought a new stake in shares of Restaurant Brands International during the 4th quarter valued at $963,000. Amundi Pioneer Asset Management Inc. raised its position in shares of Restaurant Brands International by 126.7% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 103,658 shares of the restaurant operator’s stock valued at $5,421,000 after purchasing an additional 57,943 shares during the period. Finally, Squarepoint Ops LLC bought a new stake in shares of Restaurant Brands International during the 4th quarter valued at $481,000. Hedge funds and other institutional investors own 81.05% of the company’s stock.

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About Restaurant Brands International

Restaurant Brands International Inc owns, operates, and franchises quick service restaurants under the Tim Hortons (TH), Burger King (BK), and Popeyes (PLK) brand names. The company operates through three segments: TH, BK, and PLK. Its restaurants offer blend coffee, tea, espresso-based hot and cold specialty drinks, donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, hamburgers, chicken and other specialty sandwiches, french fries, soft drinks, chicken, chicken tenders, fried shrimp and other seafood, red beans and rice, and other food items.

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