Restaurant Brands International Inc. (NYSE:QSR) CFO Sells $1,502,178.54 in Stock

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) CFO Sami A. Siddiqui sold 23,333 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $64.38, for a total transaction of $1,502,178.54. Following the completion of the sale, the chief financial officer now directly owns 91,766 shares in the company, valued at approximately $5,907,895.08. This represents a 20.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Restaurant Brands International Price Performance

QSR traded up $1.55 during midday trading on Thursday, reaching $65.25. 1,652,394 shares of the company’s stock were exchanged, compared to its average volume of 2,251,881. Restaurant Brands International Inc. has a 1-year low of $59.67 and a 1-year high of $83.29. The stock has a market capitalization of $21.17 billion, a PE ratio of 20.52, a P/E/G ratio of 1.77 and a beta of 0.93. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.02 and a quick ratio of 0.94. The business’s 50-day moving average price is $63.48 and its 200 day moving average price is $67.65.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings data 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%. As a group, equities analysts anticipate that Restaurant Brands International Inc. will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 21st will be issued a $0.62 dividend. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend is Friday, March 21st. This represents a $2.48 annualized dividend and a yield of 3.80%. Restaurant Brands International’s payout ratio is 77.99%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of QSR. Summerhill Capital Management lnc. purchased a new stake in Restaurant Brands International in the fourth quarter valued at approximately $841,000. Baskin Financial Services Inc. grew its stake in shares of Restaurant Brands International by 2.8% during the 4th quarter. Baskin Financial Services Inc. now owns 332,594 shares of the restaurant operator’s stock valued at $21,664,000 after buying an additional 9,208 shares during the period. Geode Capital Management LLC increased its holdings in shares of Restaurant Brands International by 10.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,379,847 shares of the restaurant operator’s stock worth $101,085,000 after buying an additional 126,600 shares during the last quarter. Alberta Investment Management Corp raised its position in shares of Restaurant Brands International by 0.7% in the 4th quarter. Alberta Investment Management Corp now owns 914,500 shares of the restaurant operator’s stock worth $59,574,000 after buying an additional 6,000 shares during the period. Finally, Partners Capital Investment Group LLP purchased a new position in shares of Restaurant Brands International in the 4th quarter worth $4,969,000. Institutional investors and hedge funds own 82.29% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Truist Financial dropped their target price on Restaurant Brands International from $85.00 to $83.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. Guggenheim raised Restaurant Brands International from a “neutral” rating to a “buy” rating and lowered their price target for the company from $74.00 to $71.00 in a report on Friday, January 24th. Oppenheimer cut their price objective on shares of Restaurant Brands International from $86.00 to $77.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. Citigroup increased their target price on shares of Restaurant Brands International from $65.00 to $67.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Finally, KeyCorp decreased their price target on shares of Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating for the company in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average 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.