Restaurant Brands International (NYSE:QSR) Insider Sells 3,531 Shares

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) insider Duncan Fulton sold 3,531 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $70.89, for a total value of $250,312.59. Following the transaction, the insider owned 37,346 shares of the company’s stock, valued at $2,647,457.94. This trade represents a 8.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Duncan Fulton also recently made the following trade(s):

• On Monday, December 15th, Duncan Fulton sold 3,531 shares of Restaurant Brands International stock. The stock was sold at an average price of $70.89, for a total value of $250,312.59.

Restaurant Brands International Price Performance

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

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its earnings results on Thursday, October 30th. The restaurant operator reported $1.03 EPS for the quarter, topping the consensus estimate of $1.00 by $0.03. The business had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.39 billion. Restaurant Brands International had a return on equity of 32.43% and a net margin of 9.95%.Restaurant Brands International’s revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.93 EPS. Equities research analysts expect that Restaurant Brands International Inc. will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Dividend Announcement

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

Institutional Trading of Restaurant Brands International

Institutional investors have recently bought and sold shares of the business. Swiss Life Asset Management Ltd raised its position in shares of Restaurant Brands International by 15.1% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 21,274 shares of the restaurant operator’s stock valued at $1,367,000 after acquiring an additional 2,797 shares during the last quarter. CIBC Private Wealth Group LLC boosted its position in shares of Restaurant Brands International by 2.7% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 14,694 shares of the restaurant operator’s stock worth $942,000 after purchasing an additional 384 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new stake in shares of Restaurant Brands International during the third quarter worth $1,169,000. Coldstream Capital Management Inc. increased its holdings in Restaurant Brands International by 11.6% in the third quarter. Coldstream Capital Management Inc. now owns 3,393 shares of the restaurant operator’s stock valued at $218,000 after purchasing an additional 354 shares during the last quarter. Finally, Aspire Private Capital LLC lifted its stake in Restaurant Brands International by 8.0% in the third quarter. Aspire Private Capital LLC now owns 25,060 shares of the restaurant operator’s stock valued at $1,607,000 after buying an additional 1,849 shares during the period. Institutional investors and hedge funds own 82.29% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on QSR shares. Argus upgraded Restaurant Brands International from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a research note on Tuesday, December 2nd. Weiss Ratings restated a “hold (c+)” rating on shares of Restaurant Brands International in a research report on Wednesday, October 8th. Northcoast Research lowered Restaurant Brands International from a “buy” rating to a “neutral” rating in a research report on Friday, September 12th. Citigroup lifted their target price on Restaurant Brands International from $72.00 to $74.00 and gave the company a “neutral” rating in a research note on Thursday, October 16th. Finally, Scotiabank upped their price target on Restaurant Brands International from $73.00 to $74.00 and gave the company a “sector perform” rating in a research note on Friday, October 31st. Ten analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $75.45.

Restaurant Brands International Company Profile

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.