Ali Hedayat Sells 8,537 Shares of Restaurant Brands International Inc. (TSE:QSR) Stock

Restaurant Brands International Inc. (TSE:QSR) (NYSE:QSR) Director Ali Hedayat sold 8,537 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of C$102.20, for a total value of C$872,481.40.

Restaurant Brands International Stock Down 1.0 %

Shares of QSR traded down C$0.99 during mid-day trading on Tuesday, reaching C$102.01. 409,896 shares of the stock traded hands, compared to its average volume of 614,019. The firm has a market cap of C$32.27 billion, a price-to-earnings ratio of 19.40, a P/E/G ratio of 2.22 and a beta of 0.93. The stock has a fifty day simple moving average of C$104.15 and a 200 day simple moving average of C$101.38. The company has a quick ratio of 0.80, a current ratio of 1.08 and a debt-to-equity ratio of 299.34. Restaurant Brands International Inc. has a 12-month low of C$84.73 and a 12-month high of C$112.12.

Restaurant Brands International (TSE:QSR) (NYSE:QSR) last issued its quarterly earnings data on Tuesday, February 13th. The company reported C$1.02 EPS for the quarter, topping analysts’ consensus estimates of C$0.99 by C$0.03. Restaurant Brands International had a net margin of 17.17% and a return on equity of 38.68%. The firm had revenue of C$2.48 billion for the quarter, compared to analyst estimates of C$2.44 billion. Sell-side analysts expect that Restaurant Brands International Inc. will post 6.4635514 EPS for the current fiscal year.

Restaurant Brands International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 21st will be paid a dividend of $0.784 per share. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.78. The ex-dividend date is Friday, June 21st. This represents a $3.14 annualized dividend and a yield of 3.07%. Restaurant Brands International’s payout ratio is presently 59.70%.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada increased their price target on shares of Restaurant Brands International from C$81.00 to C$90.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 14th.

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.