Duncan Fulton Sells 15,974 Shares of Restaurant Brands International Inc. (NYSE:QSR) Stock

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) insider Duncan Fulton sold 15,974 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $62.48, for a total value of $998,055.52. Following the transaction, the insider now owns 45,248 shares of the company’s stock, valued at $2,827,095.04. This trade represents a 26.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Restaurant Brands International Stock Performance

Shares of QSR traded up $0.50 during mid-day trading on Tuesday, hitting $64.34. The stock had a trading volume of 2,829,901 shares, compared to its average volume of 2,289,669. The firm has a market cap of $20.87 billion, a P/E ratio of 20.23, a PEG ratio of 1.77 and a beta of 0.93. The business has a fifty day moving average price of $63.58 and a 200-day moving average price of $67.72. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.02 and a quick ratio of 0.94. Restaurant Brands International Inc. has a 52 week low of $59.67 and a 52 week high of $83.29.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by ($0.29). Restaurant Brands International had a net margin of 12.15% and a return on equity of 28.53%. On average, equities research analysts expect that Restaurant Brands International Inc. will post 3.72 EPS for the current year.

Restaurant Brands International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 21st will be paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.85%. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend is Friday, March 21st. Restaurant Brands International’s payout ratio is presently 77.99%.

Institutional Trading of Restaurant Brands International

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Capital World Investors raised its stake in shares of Restaurant Brands International by 2.0% during the 4th quarter. Capital World Investors now owns 43,418,188 shares of the restaurant operator’s stock valued at $2,829,974,000 after purchasing an additional 841,167 shares during the period. Vanguard Group Inc. raised its stake in shares of Restaurant Brands International by 3.3% during the 4th quarter. Vanguard Group Inc. now owns 13,165,498 shares of the restaurant operator’s stock valued at $858,101,000 after purchasing an additional 421,873 shares during the period. EdgePoint Investment Group Inc. raised its stake in shares of Restaurant Brands International by 26.6% during the 4th quarter. EdgePoint Investment Group Inc. now owns 12,819,570 shares of the restaurant operator’s stock valued at $834,478,000 after purchasing an additional 2,695,071 shares during the period. Norges Bank bought a new stake in shares of Restaurant Brands International during the 4th quarter valued at $264,813,000. Finally, Fiera Capital Corp raised its stake in shares of Restaurant Brands International by 6.5% during the 3rd quarter. Fiera Capital Corp now owns 3,744,620 shares of the restaurant operator’s stock valued at $270,554,000 after purchasing an additional 227,203 shares during the period. 82.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

QSR has been the subject of a number of analyst reports. Truist Financial lowered their price objective on Restaurant Brands International from $85.00 to $83.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. TD Securities reiterated a “hold” rating and issued a $70.00 target price on shares of Restaurant Brands International in a report on Tuesday. Citigroup lifted their target price on Restaurant Brands International from $65.00 to $67.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. Morgan Stanley reduced their price objective on Restaurant Brands International from $81.00 to $73.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 21st. Finally, Stifel Nicolaus reduced their price objective on Restaurant Brands International from $72.00 to $68.00 and set a “hold” rating for the company in a research note on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $77.96.

Restaurant Brands International Company Profile

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.