Insider Selling: Restaurant Brands International Inc. (NYSE:QSR) CFO Sells $1,152,040.95 in Stock

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) CFO Sami A. Siddiqui sold 18,477 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $62.35, for a total transaction of $1,152,040.95. Following the completion of the sale, the chief financial officer now directly owns 55,761 shares of the company’s stock, valued at $3,476,698.35. This trade represents a 24.89 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Restaurant Brands International Trading Up 2.4 %

NYSE:QSR opened at $65.25 on Friday. The stock has a market cap of $21.17 billion, a price-to-earnings ratio of 20.52, a PEG ratio of 1.77 and a beta of 0.93. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02. Restaurant Brands International Inc. has a 1 year low of $59.67 and a 1 year high of $83.29. The business has a fifty day moving average of $63.47 and a 200-day moving average of $67.63.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share 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%. Equities analysts predict that Restaurant Brands International Inc. will post 3.72 earnings per share for the current year.

Restaurant Brands International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 21st will be given a $0.62 dividend. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.58. This represents a $2.48 annualized dividend and a dividend yield of 3.80%. The ex-dividend date of this dividend is Friday, March 21st. Restaurant Brands International’s dividend payout ratio (DPR) is 77.99%.

Hedge Funds Weigh In On Restaurant Brands International

Several institutional investors and hedge funds have recently added to or reduced their stakes in QSR. Dunhill Financial LLC boosted its position in Restaurant Brands International by 100.0% during the 4th quarter. Dunhill Financial LLC now owns 400 shares of the restaurant operator’s stock worth $26,000 after acquiring an additional 200 shares during the period. Farther Finance Advisors LLC lifted its position in shares of Restaurant Brands International by 79.4% in the third quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 185 shares in the last quarter. Venturi Wealth Management LLC boosted its holdings in shares of Restaurant Brands International by 213.6% during the fourth quarter. Venturi Wealth Management LLC now owns 461 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 314 shares during the period. SBI Securities Co. Ltd. purchased a new position in Restaurant Brands International during the fourth quarter valued at approximately $32,000. Finally, IFP Advisors Inc increased its stake in Restaurant Brands International by 183.9% in the 4th quarter. IFP Advisors Inc now owns 636 shares of the restaurant operator’s stock valued at $41,000 after buying an additional 412 shares during the period. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on QSR. Jefferies Financial Group decreased their target price on shares of Restaurant Brands International from $73.00 to $67.00 and set an “equal weight” rating for the company in a research note on Thursday, January 30th. Argus cut shares of Restaurant Brands International from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th. Wells Fargo & Company dropped their target price on Restaurant Brands International from $72.00 to $69.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 8th. CIBC reduced their price target on Restaurant Brands International from $86.00 to $78.00 and set an “outperform” rating for the company in a report on Thursday, February 13th. Finally, Morgan Stanley dropped their price objective on Restaurant Brands International from $81.00 to $73.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, Restaurant Brands International currently has an average rating of “Hold” and an average price target of $77.96.

About Restaurant Brands International

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.