Restaurant Brands International (NYSE:QSR) Insider Sells $413,526.45 in Stock

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) insider Jeffrey Housman sold 5,835 shares of the stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $70.87, for a total value of $413,526.45. Following the transaction, the insider owned 146,162 shares in the company, valued at approximately $10,358,500.94. This trade represents a 3.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Restaurant Brands International Trading Down 0.5%

Shares of NYSE QSR traded down $0.35 during midday trading on Wednesday, reaching $70.12. The stock had a trading volume of 2,714,072 shares, compared to its average volume of 2,572,145. Restaurant Brands International Inc. has a twelve month low of $58.71 and a twelve month high of $73.70. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.98 and a current ratio of 1.06. The company’s 50 day moving average price is $69.00 and its 200 day moving average price is $67.30. The firm has a market cap of $22.99 billion, a price-to-earnings ratio of 24.95, a price-to-earnings-growth ratio of 2.82 and a beta of 0.60.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its earnings results on Thursday, October 30th. The restaurant operator reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.03. The firm had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $2.39 billion. Restaurant Brands International had a net margin of 9.95% and a return on equity of 32.43%. The company’s revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.93 EPS. As a group, sell-side analysts expect that Restaurant Brands International Inc. will post 3.72 EPS for the current year.

Restaurant Brands International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Tuesday, December 23rd will be given a $0.62 dividend. The ex-dividend date of this dividend is Tuesday, December 23rd. This represents a $2.48 annualized dividend and a yield of 3.5%. Restaurant Brands International’s dividend payout ratio is 88.26%.

Institutional Investors Weigh In On Restaurant Brands International

Hedge funds have recently made changes to their positions in the company. Swiss Life Asset Management Ltd increased its stake in shares of Restaurant Brands International by 15.1% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 21,274 shares of the restaurant operator’s stock valued at $1,367,000 after buying an additional 2,797 shares during the period. CIBC Private Wealth Group LLC raised its holdings in shares of Restaurant Brands International by 2.7% in the third quarter. CIBC Private Wealth Group LLC now owns 14,694 shares of the restaurant operator’s stock valued at $942,000 after purchasing an additional 384 shares during the last quarter. CIBC Bancorp USA Inc. bought a new position in shares of Restaurant Brands International in the 3rd quarter valued at about $1,169,000. Coldstream Capital Management Inc. raised its stake in Restaurant Brands International by 11.6% in the 3rd quarter. Coldstream Capital Management Inc. now owns 3,393 shares of the restaurant operator’s stock valued at $218,000 after acquiring an additional 354 shares during the period. Finally, Aspire Private Capital LLC grew its position in shares of Restaurant Brands International by 8.0% in the third quarter. Aspire Private Capital LLC now owns 25,060 shares of the restaurant operator’s stock valued at $1,607,000 after purchasing an additional 1,849 shares during the last quarter. Institutional investors and hedge funds own 82.29% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on QSR. Weiss Ratings reissued a “hold (c+)” rating on shares of Restaurant Brands International in a research report on Wednesday, October 8th. Morgan Stanley set a $77.00 target price on Restaurant Brands International in a research note on Tuesday, October 21st. Scotiabank increased their price objective on Restaurant Brands International from $73.00 to $74.00 and gave the stock a “sector perform” rating in a research report on Friday, October 31st. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $82.00 target price on shares of Restaurant Brands International in a research note on Tuesday, December 9th. Finally, Oppenheimer reiterated an “outperform” rating and set a $80.00 target price on shares of Restaurant Brands International in a report on Tuesday, November 25th. Ten investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $75.45.

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.