Thiago Santelmo Sells 1,996 Shares of Restaurant Brands International (NYSE:QSR) Stock

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) insider Thiago Santelmo sold 1,996 shares of the firm’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $70.87, for a total transaction of $141,456.52. Following the completion of the sale, the insider owned 60,786 shares in the company, valued at $4,307,903.82. This represents a 3.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Restaurant Brands International Stock Performance

Shares of NYSE QSR traded down $0.35 during mid-day trading on Wednesday, hitting $70.12. The company had a trading volume of 2,714,072 shares, compared to its average volume of 2,572,145. Restaurant Brands International Inc. has a 12 month low of $58.71 and a 12 month high of $73.70. The firm has a market cap of $22.99 billion, a P/E ratio of 24.95, a PEG ratio of 2.82 and a beta of 0.60. The business’s 50-day simple moving average is $69.00 and its 200-day simple moving average is $67.30. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.06 and a quick ratio of 0.98.

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

Restaurant Brands International Dividend Announcement

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

Hedge Funds Weigh In On Restaurant Brands International

Several institutional investors have recently added to or reduced their stakes in QSR. Steigerwald Gordon & Koch Inc. bought a new stake in Restaurant Brands International during the third quarter worth about $29,000. Legend Financial Advisors Inc. bought a new position in shares of Restaurant Brands International in the second quarter valued at approximately $33,000. CX Institutional boosted its holdings in shares of Restaurant Brands International by 928.0% in the 2nd quarter. CX Institutional now owns 514 shares of the restaurant operator’s stock worth $34,000 after acquiring an additional 464 shares in the last quarter. Cary Street Partners Investment Advisory LLC bought a new stake in Restaurant Brands International during the 2nd quarter worth approximately $35,000. Finally, Smartleaf Asset Management LLC increased its holdings in Restaurant Brands International by 91.2% during the 1st quarter. Smartleaf Asset Management LLC now owns 545 shares of the restaurant operator’s stock valued at $35,000 after purchasing an additional 260 shares in the last quarter. 82.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

QSR has been the topic of a number of recent research reports. Oppenheimer reiterated an “outperform” rating and set a $80.00 price target on shares of Restaurant Brands International in a research note on Tuesday, November 25th. Argus raised shares of Restaurant Brands International from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a report on Tuesday, December 2nd. Robert W. Baird upped their target price on shares of Restaurant Brands International from $68.00 to $72.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. Morgan Stanley set a $77.00 price target on shares of Restaurant Brands International in a research note on Tuesday, October 21st. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $82.00 price objective on shares of Restaurant Brands International in a report on Tuesday, December 9th. Ten investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company 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.