Iv Curtis Thomas Benjamin Sells 23,000 Shares of Restaurant Brands International Inc. (TSE:QSR) Stock

Restaurant Brands International Inc. (TSE:QSR) (NYSE:QSR) Senior Officer Iv Curtis Thomas Benjamin sold 23,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of C$97.78, for a total value of C$2,249,018.20.

Iv Curtis Thomas Benjamin also recently made the following trade(s):

• On Tuesday, February 25th, Iv Curtis Thomas Benjamin sold 23,350 shares of Restaurant Brands International stock. The stock was sold at an average price of C$92.06, for a total value of C$2,149,680.39.

Restaurant Brands International Trading Down 1.1 %

TSE QSR opened at C$96.27 on Friday. The company has a market capitalization of C$21.86 billion, a price-to-earnings ratio of 19.31, a price-to-earnings-growth ratio of 2.22 and a beta of 0.95. The company has a debt-to-equity ratio of 494.65, a current ratio of 1.02 and a quick ratio of 0.80. Restaurant Brands International Inc. has a 12 month low of C$86.06 and a 12 month high of C$108.94. The company’s fifty day moving average price is C$92.17 and its two-hundred day moving average price is C$94.53.

Restaurant Brands International Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, April 4th will be given a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, March 21st. This represents a $2.48 annualized dividend and a dividend yield of 2.58%. Restaurant Brands International’s payout ratio is 62.98%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on QSR. TD Cowen downgraded shares of Restaurant Brands International from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 14th. Argus upgraded Restaurant Brands International from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Finally, Guggenheim raised shares of Restaurant Brands International from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 24th.

Restaurant Brands International Company Profile

Restaurant Brands International is one of the largest restaurant companies in the world, with more than $35 billion in 2021 systemwide sales across a footprint that spans more than 28,000 restaurants and 100 countries. The firm generates revenue primarily from retail sales at its company-owned restaurants, royalty fees and lease income from franchised stores, and from its Tim Horton’s supply chain operations.