Insider Selling: Restaurant Brands International (NYSE:QSR) Insider Sells $64,279.09 in Stock

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) insider Peter Perdue sold 907 shares of the stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $70.87, for a total transaction of $64,279.09. Following the sale, the insider directly owned 35,408 shares in the company, valued at approximately $2,509,364.96. This represents a 2.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Peter Perdue also recently made the following trade(s):

• On Monday, December 15th, Peter Perdue sold 907 shares of Restaurant Brands International stock. The stock was sold at an average price of $70.87, for a total value of $64,279.09.

Restaurant Brands International Trading Down 0.5%

Restaurant Brands International stock traded down $0.35 during mid-day trading on Wednesday, hitting $70.12. The stock had a trading volume of 2,714,072 shares, compared to its average volume of 2,572,145. The company has a current ratio of 1.06, a quick ratio of 0.98 and a debt-to-equity ratio of 2.65. Restaurant Brands International Inc. has a 12 month low of $58.71 and a 12 month high of $73.70. The stock has a market capitalization of $22.99 billion, a PE ratio of 24.95, a P/E/G ratio of 2.82 and a beta of 0.60. The stock has a 50-day simple moving average of $69.00 and a two-hundred day simple moving average of $67.30.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings data on Thursday, October 30th. The restaurant operator reported $1.03 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.03. The business had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.39 billion. Restaurant Brands International had a net margin of 9.95% and a return on equity of 32.43%. Restaurant Brands International’s revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.93 earnings per share. As a group, sell-side analysts forecast that Restaurant Brands International Inc. will post 3.72 EPS for the current year.

Restaurant Brands International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Tuesday, December 23rd will be issued a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Tuesday, December 23rd. Restaurant Brands International’s dividend payout ratio is 88.26%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in QSR. Steigerwald Gordon & Koch Inc. acquired a new stake in Restaurant Brands International during the 3rd quarter valued at $29,000. Legend Financial Advisors Inc. bought a new position in shares of Restaurant Brands International in the second quarter valued at about $33,000. CX Institutional lifted its stake in shares of Restaurant Brands International by 928.0% during the 2nd quarter. CX Institutional now owns 514 shares of the restaurant operator’s stock worth $34,000 after buying an additional 464 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in Restaurant Brands International by 91.2% in the 1st quarter. Smartleaf Asset Management LLC now owns 545 shares of the restaurant operator’s stock valued at $35,000 after buying an additional 260 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC bought a new stake in shares of Restaurant Brands International during the second quarter worth approximately $35,000. 82.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on QSR. Morgan Stanley set a $77.00 price objective on shares of Restaurant Brands International in a research report on Tuesday, October 21st. Scotiabank upped their price objective on Restaurant Brands International from $73.00 to $74.00 and gave the stock a “sector perform” rating in a research report on Friday, October 31st. Weiss Ratings reiterated a “hold (c+)” rating on shares of Restaurant Brands International in a report on Wednesday, October 8th. Citigroup upped their price target on Restaurant Brands International from $72.00 to $74.00 and gave the stock a “neutral” rating in a research report on Thursday, October 16th. Finally, Argus upgraded shares of Restaurant Brands International from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a report on Tuesday, December 2nd. Ten investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $75.45.

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.