Joshua Kobza Sells 72,720 Shares of Restaurant Brands International Inc. (NYSE:QSR) Stock

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) CEO Joshua Kobza sold 72,720 shares of the business’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $64.38, for a total value of $4,681,713.60. Following the completion of the transaction, the chief executive officer now owns 961,295 shares of the company’s stock, valued at $61,888,172.10. This represents a 7.03 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Joshua Kobza also recently made the following trade(s):

• On Friday, February 21st, Joshua Kobza sold 93,619 shares of Restaurant Brands International stock. The stock was sold at an average price of $62.35, for a total value of $5,837,144.65.
• On Monday, January 6th, Joshua Kobza sold 12,420 shares of Restaurant Brands International stock. The stock was sold at an average price of $64.20, for a total value of $797,364.00.

Restaurant Brands International Stock Performance

Shares of QSR opened at $65.24 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 quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 2.75. The business has a 50-day simple moving average of $63.44 and a two-hundred day simple moving average of $67.60. 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 released its quarterly earnings data on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.29). Restaurant Brands International had a return on equity of 28.53% and a net margin of 12.15%. On average, analysts expect 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 Friday, April 4th. Stockholders of record on Friday, March 21st will be paid a $0.62 dividend. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.58. The ex-dividend date is Friday, March 21st. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.80%. Restaurant Brands International’s dividend payout ratio is 77.99%.

Hedge Funds Weigh In On Restaurant Brands International

Hedge funds have recently made changes to their positions in the business. Summerhill Capital Management lnc. bought a new position in shares of Restaurant Brands International in the fourth quarter worth about $841,000. Baskin Financial Services Inc. boosted its stake in Restaurant Brands International by 2.8% during the fourth 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 last quarter. Alberta Investment Management Corp boosted its stake in Restaurant Brands International by 0.7% during the fourth quarter. Alberta Investment Management Corp now owns 914,500 shares of the restaurant operator’s stock valued at $59,574,000 after buying an additional 6,000 shares during the last quarter. Geode Capital Management LLC boosted its stake in Restaurant Brands International by 10.1% during the third quarter. Geode Capital Management LLC now owns 1,379,847 shares of the restaurant operator’s stock valued at $101,085,000 after buying an additional 126,600 shares during the last quarter. Finally, Partners Capital Investment Group LLP bought a new position in Restaurant Brands International during the fourth quarter valued at approximately $4,969,000. Institutional investors own 82.29% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on QSR shares. Wells Fargo & Company decreased their price target on Restaurant Brands International from $72.00 to $69.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 8th. KeyCorp decreased their price target on 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. Argus cut Restaurant Brands International from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th. Barclays reduced their price objective on Restaurant Brands International from $83.00 to $80.00 and set an “overweight” rating for the company in a research report on Thursday, February 13th. Finally, CIBC reduced their price objective on Restaurant Brands International from $86.00 to $78.00 and set an “outperform” rating for the company in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $77.33.

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.