Restaurant Brands International Inc (TSE:QSR) Director Ali Hedayat Buys 2,000 Shares
Restaurant Brands International Inc (TSE:QSR) (NYSE:QSR) Director Ali Hedayat purchased 2,000 shares of the business’s stock in a transaction on Friday, August 4th. The stock was acquired at an average price of C$77.50 per share, with a total value of C$155,000.00.
Shares of Restaurant Brands International Inc (QSR) traded up 2.91% during mid-day trading on Friday, hitting $78.51. 478,950 shares of the stock traded hands. Restaurant Brands International Inc has a 52 week low of $54.45 and a 52 week high of $84.19. The company has a market cap of $18.55 billion and a price-to-earnings ratio of 54.94. The stock has a 50-day moving average of $78.90 and a 200-day moving average of $75.39.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Friday, September 15th will be given a $0.20 dividend. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.80 dividend on an annualized basis and a yield of 1.02%.
Separately, Scotiabank reiterated an “outperform” rating and issued a C$88.00 price target on shares of Restaurant Brands International in a report on Tuesday, April 25th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of C$77.75.
Restaurant Brands International Company Profile
Restaurant Brands International Inc is a quick service restaurant (QSR) company. The Company had over 20,000 restaurants in more than 100 countries and the United States territories, as of December 31, 2016. It operates through two segments: Tim Hortons (TH) and Burger King (BK). Tim Hortons restaurants are quick service restaurants with a menu that includes blend coffee, tea, espresso-based hot and cold specialty drinks, baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps and soups, among others.
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