Restaurant Brands International (NYSE:QSR) Insider Sells $2,358,731.89 in Stock

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) insider Axel Schwan sold 34,939 shares of the company’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $67.51, for a total value of $2,358,731.89. Following the completion of the transaction, the insider directly owned 194,984 shares of the company’s stock, valued at $13,163,369.84. This trade represents a 15.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Axel Schwan also recently made the following trade(s):

• On Wednesday, January 7th, Axel Schwan sold 2,187 shares of Restaurant Brands International stock. The stock was sold at an average price of $67.44, for a total transaction of $147,491.28.
• On Monday, December 15th, Axel Schwan sold 5,860 shares of Restaurant Brands International stock. The shares were sold at an average price of $70.87, for a total transaction of $415,298.20.
• On Monday, December 15th, Axel Schwan sold 5,860 shares of Restaurant Brands International stock. The stock was sold at an average price of $70.87, for a total transaction of $415,298.20.

Restaurant Brands International Stock Performance

NYSE QSR opened at $69.92 on Friday. The company has a fifty day moving average of $68.56 and a two-hundred day moving average of $67.47. The company has a market capitalization of $24.23 billion, a PE ratio of 29.63, a P/E/G ratio of 2.06 and a beta of 0.58. Restaurant Brands International Inc. has a 1 year low of $58.71 and a 1 year high of $73.70. The company has a debt-to-equity ratio of 2.62, a current ratio of 0.98 and a quick ratio of 0.98.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its earnings results on Thursday, February 12th. The restaurant operator reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.03. The business had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.41 billion. Restaurant Brands International had a return on equity of 32.51% and a net margin of 8.23%.The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.81 EPS. As a group, analysts expect that Restaurant Brands International Inc. will post 3.72 earnings per share for the current year.

Restaurant Brands International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Thursday, March 19th will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.7%. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.62. The ex-dividend date is Thursday, March 19th. Restaurant Brands International’s payout ratio is 105.08%.

Analyst Upgrades and Downgrades

A number of research firms have commented on QSR. Scotiabank dropped their price objective on shares of Restaurant Brands International from $74.00 to $71.00 and set a “sector perform” rating on the stock in a research note on Friday, February 13th. Royal Bank Of Canada lowered their price target on Restaurant Brands International from $82.00 to $80.00 and set an “outperform” rating on the stock in a report on Friday, February 13th. Robert W. Baird upped their price objective on Restaurant Brands International from $68.00 to $72.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. BMO Capital Markets decreased their price objective on Restaurant Brands International from $83.00 to $81.00 and set an “outperform” rating for the company in a research report on Friday, February 13th. Finally, TD Cowen dropped their target price on Restaurant Brands International from $74.00 to $72.00 and set a “hold” rating on the stock in a report on Thursday, February 12th. Twelve analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $76.65.

Hedge Funds Weigh In On Restaurant Brands International

Hedge funds have recently added to or reduced their stakes in the business. Lloyd Advisory Services LLC. acquired a new stake in shares of Restaurant Brands International in the fourth quarter valued at approximately $25,000. Larson Financial Group LLC boosted its stake in shares of Restaurant Brands International by 1,922.2% during the fourth quarter. Larson Financial Group LLC now owns 364 shares of the restaurant operator’s stock valued at $25,000 after acquiring an additional 346 shares during the last quarter. Steigerwald Gordon & Koch Inc. purchased a new stake in Restaurant Brands International during the 3rd quarter worth about $29,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in Restaurant Brands International in the 4th quarter valued at about $29,000. Finally, Cary Street Partners Investment Advisory LLC purchased a new stake in shares of Restaurant Brands International during the second quarter worth about $35,000. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

About Restaurant Brands International

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.