Restaurant Brands International (NYSE:QSR) Insider Peter Perdue Sells 396 Shares

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) insider Peter Perdue sold 396 shares of the stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $67.44, for a total transaction of $26,706.24. Following the transaction, the insider directly owned 36,997 shares of the company’s stock, valued at $2,495,077.68. The trade was a 1.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Monday, December 15th, Peter Perdue sold 907 shares of Restaurant Brands International stock. The shares were sold at an average price of $70.87, for a total value of $64,279.09.
• 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 Up 1.8%

Shares of NYSE QSR traded up $1.20 during trading on Thursday, reaching $68.66. The stock had a trading volume of 2,935,851 shares, compared to its average volume of 3,435,567. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.98 and a current ratio of 1.06. The company has a market cap of $22.52 billion, a P/E ratio of 24.44, a PEG ratio of 2.48 and a beta of 0.59. Restaurant Brands International Inc. has a fifty-two week low of $58.71 and a fifty-two week high of $73.70. The business’s 50-day moving average price is $69.48 and its 200-day moving average price is $67.31.

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, beating analysts’ consensus estimates of $1.00 by $0.03. The company had revenue of $2.45 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 6.9% on a year-over-year basis. During the same period last year, the business posted $0.93 EPS. On average, equities research analysts predict that Restaurant Brands International Inc. will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 6th. Stockholders of record on Tuesday, December 23rd were paid a $0.62 dividend. The ex-dividend date of this dividend was Tuesday, December 23rd. This represents a $2.48 annualized dividend and a dividend yield of 3.6%. Restaurant Brands International’s dividend payout ratio (DPR) is presently 88.26%.

Hedge Funds Weigh In On Restaurant Brands International

A number of institutional investors have recently modified their holdings of QSR. Allspring Global Investments Holdings LLC grew its holdings in shares of Restaurant Brands International by 11.3% during the second quarter. Allspring Global Investments Holdings LLC now owns 78,845 shares of the restaurant operator’s stock worth $5,355,000 after buying an additional 7,988 shares during the last quarter. Mn Services Vermogensbeheer B.V. lifted its position in Restaurant Brands International by 8.3% during the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 116,300 shares of the restaurant operator’s stock worth $7,699,000 after acquiring an additional 8,900 shares during the period. Prudential Financial Inc. purchased a new position in shares of Restaurant Brands International in the 2nd quarter valued at approximately $1,090,000. Baupost Group LLC MA grew its stake in shares of Restaurant Brands International by 4.2% in the 2nd quarter. Baupost Group LLC MA now owns 4,049,562 shares of the restaurant operator’s stock valued at $268,445,000 after purchasing an additional 163,000 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Restaurant Brands International by 6.8% in the second quarter. Envestnet Asset Management Inc. now owns 485,946 shares of the restaurant operator’s stock valued at $32,213,000 after purchasing an additional 30,741 shares during the period. 82.29% of the stock is owned by institutional investors and hedge funds.

More Restaurant Brands International News

Here are the key news stories impacting Restaurant Brands International this week:

• Positive Sentiment: Barclays raised its price target from $78 to $86 and moved to an “overweight” rating, signaling stronger upside (about ~25% from recent levels). This is a direct catalyst for positive sentiment. Read More.
• Positive Sentiment: BMO Capital issued a buy on QSR, adding another institutional endorsement that supports demand for the shares. Read More.
• Positive Sentiment: Aggregate analyst sentiment is tilted bullish — roughly 60% of analysts are positive with a median price target around $77.50, implying notable upside vs. current levels. That improves conviction among growth/value investors. Read More.
• Negative Sentiment: Zacks highlights rising beef costs as a near-term headwind to Burger King U.S. margins; the company calls the cost pressure cyclical but it could compress profits in upcoming quarters. Monitor commodity trends and margin guidance. Read More.
• Negative Sentiment: Multiple insiders (including CEO Joshua Kobza and CFO Sami Siddiqui) disclosed share sales on Jan. 7 — about 10 insiders sold small portions of their holdings, totaling roughly $0.9M. The individual reductions were generally modest (fractions of their positions), but clustered insider selling can be read as a short-term negative by some investors. Read More.

Wall Street Analyst Weigh In

QSR has been the subject of several recent research reports. Northcoast Research cut shares of Restaurant Brands International from a “buy” rating to a “neutral” rating in a research report on Friday, September 12th. Morgan Stanley set a $77.00 target price on Restaurant Brands International in a report on Tuesday, October 21st. Sanford C. Bernstein reissued an “overweight” rating and set a $86.00 target price on shares of Restaurant Brands International in a research note on Wednesday. Scotiabank increased their price target on Restaurant Brands International from $73.00 to $74.00 and gave the company a “sector perform” rating in a research report on Friday, October 31st. Finally, Barclays raised their price objective on shares of Restaurant Brands International from $78.00 to $86.00 and gave the company an “overweight” rating in a report on Wednesday. Eleven equities research 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $76.18.

Restaurant Brands International Company Profile

Restaurant Brands International Inc (NYSE: QSR) is a global quick-service restaurant company formed through the combination of established brands. The company’s principal holdings include Burger King, Tim Hortons and Popeyes, each of which operates under its own brand identity and menu. Restaurant Brands International’s business is centered on developing and expanding these franchised restaurant systems, supporting franchisees with brand management, supply chain coordination, and marketing programs.

RBI’s restaurants offer a range of quick-service food and beverage products: Burger King is known for its flame-grilled hamburgers and sandwiches, Tim Hortons for coffee, baked goods and breakfast items, and Popeyes for Louisiana-style fried chicken and seafood.