Joshua Kobza Sells 93,619 Shares of Restaurant Brands International Inc. (NYSE:QSR) Stock

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) CEO Joshua Kobza sold 93,619 shares of the firm’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $62.35, for a total value of $5,837,144.65. Following the transaction, the chief executive officer now directly owns 848,578 shares of the company’s stock, valued at $52,908,838.30. This represents a 9.94 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, January 6th, Joshua Kobza sold 12,420 shares of Restaurant Brands International stock. The shares were sold at an average price of $64.20, for a total value of $797,364.00.

Restaurant Brands International Stock Down 0.9 %

Shares of Restaurant Brands International stock opened at $63.72 on Thursday. The stock has a 50-day moving average price of $63.48 and a 200 day moving average price of $67.65. The company has a market cap of $20.67 billion, a P/E ratio of 20.04, a P/E/G ratio of 1.77 and a beta of 0.93. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75. Restaurant Brands International Inc. has a 1 year low of $59.67 and a 1 year high of $83.29.

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

Restaurant Brands International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 21st will be paid a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, March 21st. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.58. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.89%. Restaurant Brands International’s dividend payout ratio (DPR) is 77.99%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on QSR shares. Oppenheimer decreased their target price on Restaurant Brands International from $86.00 to $77.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. CIBC decreased their target price on Restaurant Brands International from $86.00 to $78.00 and set an “outperform” rating for the company in a research note on Thursday, February 13th. TD Securities reaffirmed a “hold” rating and set a $70.00 target price on shares of Restaurant Brands International in a research note on Tuesday. Wells Fargo & Company reduced their target price on Restaurant Brands International from $72.00 to $69.00 and set an “equal weight” rating for the company in a report on Wednesday, January 8th. Finally, Barclays reduced their target price on Restaurant Brands International from $83.00 to $80.00 and set an “overweight” rating for the company in a report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $77.96.

Institutional Investors Weigh In On Restaurant Brands International

Hedge funds and other institutional investors have recently made changes to their positions in the company. Summerhill Capital Management lnc. purchased a new stake in shares of Restaurant Brands International during the 4th quarter worth about $841,000. Baskin Financial Services Inc. raised 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 worth $21,664,000 after purchasing an additional 9,208 shares in the last quarter. Geode Capital Management LLC raised its stake 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 purchasing an additional 126,600 shares in the last quarter. Alberta Investment Management Corp raised its stake in shares of Restaurant Brands International by 0.7% during the 4th quarter. Alberta Investment Management Corp now owns 914,500 shares of the restaurant operator’s stock worth $59,574,000 after purchasing an additional 6,000 shares in the last quarter. Finally, Partners Capital Investment Group LLP acquired a new position in shares of Restaurant Brands International during the 4th quarter valued at about $4,969,000. 82.29% of the stock is owned by hedge funds and other institutional investors.

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.