Restaurant Brands International (NYSE:QSR) Insider Jeffrey Housman Sells 5,835 Shares

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) insider Jeffrey Housman sold 5,835 shares of Restaurant Brands International stock in a transaction on Monday, December 15th. The stock was sold at an average price of $70.87, for a total transaction of $413,526.45. Following the transaction, the insider directly owned 146,162 shares of the company’s stock, valued at $10,358,500.94. This represents a 3.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Restaurant Brands International Trading Up 0.1%

Restaurant Brands International stock traded up $0.05 during trading hours on Thursday, reaching $70.25. 87,098 shares of the company’s stock were exchanged, compared to its average volume of 2,564,553. Restaurant Brands International Inc. has a twelve month low of $58.71 and a twelve month high of $73.70. The company has a quick ratio of 0.98, a current ratio of 1.06 and a debt-to-equity ratio of 2.65. The firm’s 50 day simple moving average is $69.05 and its 200 day simple moving average is $67.32. The firm has a market capitalization of $23.03 billion, a PE ratio of 25.02, a PEG ratio of 2.80 and a beta of 0.60.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings results on Thursday, October 30th. The restaurant operator reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $2.39 billion. During the same period in the prior year, the business earned $0.93 EPS. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. Research analysts predict that Restaurant Brands International Inc. will post 3.72 earnings per share for the current 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 given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Tuesday, December 23rd. Restaurant Brands International’s payout ratio is presently 88.26%.

Institutional Investors Weigh In On Restaurant Brands International

Several large investors have recently made changes to their positions in the business. Steigerwald Gordon & Koch Inc. purchased a new position in shares of Restaurant Brands International in the 3rd quarter worth about $29,000. Legend Financial Advisors Inc. purchased a new position in Restaurant Brands International in the second quarter valued at about $33,000. CX Institutional grew its position 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 valued at $34,000 after acquiring an additional 464 shares during the period. Cary Street Partners Investment Advisory LLC purchased a new stake in shares of Restaurant Brands International during the 2nd quarter worth approximately $35,000. Finally, Smartleaf Asset Management LLC grew its holdings in Restaurant Brands International by 91.2% during the first 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 during the period. 82.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

QSR has been the topic of a number of research reports. Citigroup upped their target price 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. Argus upgraded Restaurant Brands International from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a research note on Tuesday, December 2nd. Weiss Ratings reissued a “hold (c+)” rating on shares of Restaurant Brands International in a report on Wednesday, October 8th. Morgan Stanley set a $77.00 target price on Restaurant Brands International in a research report on Tuesday, October 21st. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $82.00 target price on shares of Restaurant Brands International in a research note on Tuesday, December 9th. Ten analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target 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.