Restaurant Brands International Inc. (NYSE:QSR) Insider Jeffrey Housman Sells 14,593 Shares of Stock

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) insider Jeffrey Housman sold 14,593 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $64.38, for a total value of $939,497.34. Following the completion of the sale, the insider now owns 142,986 shares of the company’s stock, valued at approximately $9,205,438.68. This trade represents a 9.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Restaurant Brands International Trading Up 2.4 %

Shares of Restaurant Brands International stock opened at $65.25 on Friday. The stock has a 50 day moving average of $63.47 and a 200 day moving average of $67.63. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02. The firm has a market capitalization of $21.17 billion, a price-to-earnings ratio of 20.52, a PEG ratio of 1.77 and a beta of 0.93. Restaurant Brands International Inc. has a fifty-two week low of $59.67 and a fifty-two week high of $83.29.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released 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, research 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 declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 21st will be paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 3.80%. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.58. The ex-dividend date is Friday, March 21st. Restaurant Brands International’s dividend payout ratio is 77.99%.

Wall Street Analyst Weigh In

Several brokerages recently commented on QSR. Truist Financial decreased their price objective on shares of Restaurant Brands International from $85.00 to $83.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. Morgan Stanley decreased their price target on shares of Restaurant Brands International from $81.00 to $73.00 and set an “equal weight” rating for the company in a report on Tuesday, January 21st. Royal Bank of Canada dropped their price objective on shares of Restaurant Brands International from $95.00 to $90.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. KeyCorp reduced their target price 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. Finally, Jefferies Financial Group dropped their price target on Restaurant Brands International from $73.00 to $67.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 30th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $77.96.

Institutional Investors Weigh In On Restaurant Brands International

Institutional investors have recently modified their holdings of the company. Summerhill Capital Management lnc. purchased a new position in Restaurant Brands International during the 4th quarter valued at about $841,000. Baskin Financial Services Inc. lifted its position in shares of 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 worth $21,664,000 after purchasing an additional 9,208 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Restaurant Brands International by 10.1% in 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 purchasing an additional 126,600 shares during the period. Alberta Investment Management Corp grew its holdings in shares of Restaurant Brands International by 0.7% in the fourth quarter. Alberta Investment Management Corp now owns 914,500 shares of the restaurant operator’s stock valued at $59,574,000 after purchasing an additional 6,000 shares in the last quarter. Finally, Partners Capital Investment Group LLP purchased a new stake in Restaurant Brands International during the 4th quarter worth approximately $4,969,000. 82.29% of the stock is owned by institutional investors and hedge funds.

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.