Insider Selling: Restaurant Brands International (NYSE:QSR) Insider Sells $383,861.86 in Stock

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) insider Thiago Santelmo sold 5,686 shares of the company’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $67.51, for a total transaction of $383,861.86. Following the completion of the sale, the insider owned 74,067 shares in the company, valued at approximately $5,000,263.17. This trade represents a 7.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Restaurant Brands International Price Performance

Shares of NYSE QSR opened at $69.92 on Friday. The company has a 50 day simple moving average of $68.56 and a two-hundred day simple moving average of $67.47. Restaurant Brands International Inc. has a fifty-two week low of $58.71 and a fifty-two week high of $73.70. The company has a market capitalization of $24.23 billion, a price-to-earnings ratio of 29.63, a P/E/G ratio of 2.06 and a beta of 0.58. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.98 and a current ratio of 0.98.

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

Restaurant Brands International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Thursday, March 19th will be paid a $0.65 dividend. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.62. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Thursday, March 19th. Restaurant Brands International’s payout ratio is currently 110.17%.

Analyst Ratings Changes

QSR has been the topic of a number of analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Restaurant Brands International in a research note on Thursday, January 22nd. Royal Bank Of Canada decreased their target price on shares of Restaurant Brands International from $82.00 to $80.00 and set an “outperform” rating for the company in a report on Friday, February 13th. JPMorgan Chase & Co. cut their price target on shares of Restaurant Brands International from $77.00 to $72.00 and set an “overweight” rating on the stock in a report on Tuesday. Scotiabank reduced their price target on shares of Restaurant Brands International from $74.00 to $71.00 and set a “sector perform” rating for the company in a research report on Friday, February 13th. Finally, Oppenheimer restated an “outperform” rating and issued a $80.00 price objective on shares of Restaurant Brands International in a report on Tuesday, November 25th. Twelve equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $76.65.

Institutional Trading of Restaurant Brands International

A number of large investors have recently made changes to their positions in QSR. Stone Wealth Partners bought a new position in Restaurant Brands International during the fourth quarter valued at approximately $349,000. Corient Private Wealth LLC raised its stake in Restaurant Brands International by 87.9% during the 4th quarter. Corient Private Wealth LLC now owns 26,011 shares of the restaurant operator’s stock valued at $1,775,000 after buying an additional 12,170 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Restaurant Brands International by 29.7% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 13,292 shares of the restaurant operator’s stock valued at $907,000 after buying an additional 3,040 shares during the period. NewEdge Advisors LLC boosted its stake in shares of Restaurant Brands International by 14.7% in the 4th quarter. NewEdge Advisors LLC now owns 5,847 shares of the restaurant operator’s stock worth $399,000 after buying an additional 750 shares during the last quarter. Finally, Empowered Funds LLC grew its holdings in shares of Restaurant Brands International by 156.3% in the fourth quarter. Empowered Funds LLC now owns 28,115 shares of the restaurant operator’s stock worth $1,918,000 after acquiring an additional 17,146 shares during the period. 82.29% of the stock is currently owned by 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.