Restaurant Brands International (NYSE:QSR) Insider Jeffrey Housman Sells 20,000 Shares

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) insider Jeffrey Housman sold 20,000 shares of Restaurant Brands International stock in a transaction dated Friday, March 20th. The stock was sold at an average price of $73.48, for a total value of $1,469,600.00. Following the completion of the sale, the insider owned 162,077 shares of the company’s stock, valued at approximately $11,909,417.96. The trade was a 10.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Jeffrey Housman also recently made the following trade(s):

• On Monday, February 23rd, Jeffrey Housman sold 7,705 shares of Restaurant Brands International stock. The stock was sold at an average price of $67.51, for a total transaction of $520,164.55.
• On Wednesday, January 7th, Jeffrey Housman sold 1,483 shares of Restaurant Brands International stock. The shares were sold at an average price of $67.44, for a total transaction of $100,013.52.

Restaurant Brands International Stock Performance

QSR stock opened at $73.77 on Friday. Restaurant Brands International Inc. has a twelve month low of $58.71 and a twelve month high of $75.57. The company has a quick ratio of 0.91, a current ratio of 0.98 and a debt-to-equity ratio of 2.62. The company has a market cap of $25.61 billion, a P/E ratio of 31.26, a price-to-earnings-growth ratio of 2.11 and a beta of 0.56. The business’s fifty day moving average is $69.93 and its 200-day moving average is $68.46.

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

Restaurant Brands International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Thursday, March 19th will be given a $0.65 dividend. The ex-dividend date is Thursday, March 19th. This represents a $2.60 annualized dividend and a dividend yield of 3.5%. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.62. Restaurant Brands International’s payout ratio is presently 110.17%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Argus upgraded Restaurant Brands International from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a report on Tuesday, December 2nd. Barclays reduced their price objective on Restaurant Brands International from $86.00 to $82.00 and set an “overweight” rating for the company in a research report on Friday, February 13th. Royal Bank Of Canada raised their price target on shares of Restaurant Brands International from $80.00 to $83.00 and gave the stock an “outperform” rating in a research note on Monday, March 2nd. Wells Fargo & Company lifted their price target on shares of Restaurant Brands International from $70.00 to $75.00 and gave the company an “equal weight” rating in a research note on Friday, February 27th. Finally, Scotiabank cut their price target on shares of Restaurant Brands International from $74.00 to $71.00 and set a “sector perform” rating on the stock in a research report on Friday, February 13th. Fourteen research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $79.19.

Institutional Trading of Restaurant Brands International

Institutional investors and hedge funds have recently bought and sold shares of the business. Intact Investment Management Inc. boosted its stake in shares of Restaurant Brands International by 10.6% in the 3rd quarter. Intact Investment Management Inc. now owns 759,391 shares of the restaurant operator’s stock valued at $48,722,000 after purchasing an additional 72,800 shares in the last quarter. Hillsdale Investment Management Inc. raised its position in Restaurant Brands International by 23,154.1% in the third quarter. Hillsdale Investment Management Inc. now owns 39,532 shares of the restaurant operator’s stock valued at $2,535,000 after purchasing an additional 39,362 shares during the last quarter. Machina Capital S.A.S. acquired a new stake in shares of Restaurant Brands International during the third quarter valued at about $1,214,000. Fiera Capital Corp grew its holdings in shares of Restaurant Brands International by 17.2% during the third quarter. Fiera Capital Corp now owns 4,946,163 shares of the restaurant operator’s stock worth $317,191,000 after purchasing an additional 724,540 shares during the last quarter. Finally, EdgePoint Investment Group Inc. raised its stake in shares of Restaurant Brands International by 15.4% during the third quarter. EdgePoint Investment Group Inc. now owns 14,903,208 shares of the restaurant operator’s stock valued at $955,855,000 after acquiring an additional 1,983,354 shares during the last quarter. Institutional investors own 82.29% of the company’s stock.

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.