Restaurant Brands International (NYSE:QSR) CEO Sells $232,195.92 in Stock

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) CEO Joshua Kobza sold 3,443 shares of the business’s stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $67.44, for a total value of $232,195.92. Following the completion of the transaction, the chief executive officer owned 952,620 shares of the company’s stock, valued at $64,244,692.80. This trade represents a 0.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Monday, December 15th, Joshua Kobza sold 25,472 shares of Restaurant Brands International stock. The shares were sold at an average price of $70.91, for a total value of $1,806,219.52.

Restaurant Brands International Trading Up 1.8%

Restaurant Brands International stock traded up $1.20 during trading on Thursday, hitting $68.66. The company’s stock had a trading volume of 2,935,851 shares, compared to its average volume of 3,435,567. The stock’s fifty day moving average is $69.48 and its 200 day moving average is $67.31. Restaurant Brands International Inc. has a 1-year low of $58.71 and a 1-year high of $73.70. The stock has a market capitalization of $22.52 billion, a price-to-earnings ratio of 24.44, a P/E/G ratio of 2.48 and a beta of 0.59. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.98 and a current ratio of 1.06.

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

Restaurant Brands International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 6th. Investors of record on Tuesday, December 23rd were given a dividend of $0.62 per share. The ex-dividend date of this dividend was Tuesday, December 23rd. This represents a $2.48 annualized dividend and a yield of 3.6%. Restaurant Brands International’s dividend payout ratio is 88.26%.

Institutional Investors Weigh In On Restaurant Brands International

Several hedge funds have recently modified their holdings of QSR. Wealth Enhancement Advisory Services LLC boosted its holdings in Restaurant Brands International by 937.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 262,765 shares of the restaurant operator’s stock worth $17,787,000 after acquiring an additional 237,444 shares during the period. NorthCrest Asset Manangement LLC purchased a new position in shares of Restaurant Brands International in the fourth quarter valued at $229,000. Procyon Advisors LLC purchased a new position in shares of Restaurant Brands International in the fourth quarter valued at $202,000. Hilltop National Bank acquired a new stake in Restaurant Brands International during the 4th quarter valued at $1,607,000. Finally, GAMMA Investing LLC increased its stake in Restaurant Brands International by 14.6% during the 4th quarter. GAMMA Investing LLC now owns 2,218 shares of the restaurant operator’s stock worth $151,000 after buying an additional 283 shares during the period. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

Restaurant Brands International News Roundup

Here are the key news stories impacting Restaurant Brands International this week:

• Positive Sentiment: Barclays raised its price target from $78 to $86 and moved to an “overweight” rating, signaling stronger upside (about ~25% from recent levels). This is a direct catalyst for positive sentiment. Read More.
• Positive Sentiment: BMO Capital issued a buy on QSR, adding another institutional endorsement that supports demand for the shares. Read More.
• Positive Sentiment: Aggregate analyst sentiment is tilted bullish — roughly 60% of analysts are positive with a median price target around $77.50, implying notable upside vs. current levels. That improves conviction among growth/value investors. Read More.
• Negative Sentiment: Zacks highlights rising beef costs as a near-term headwind to Burger King U.S. margins; the company calls the cost pressure cyclical but it could compress profits in upcoming quarters. Monitor commodity trends and margin guidance. Read More.
• Negative Sentiment: Multiple insiders (including CEO Joshua Kobza and CFO Sami Siddiqui) disclosed share sales on Jan. 7 — about 10 insiders sold small portions of their holdings, totaling roughly $0.9M. The individual reductions were generally modest (fractions of their positions), but clustered insider selling can be read as a short-term negative by some investors. Read More.

Wall Street Analysts Forecast Growth

QSR has been the subject of a number of research analyst reports. Morgan Stanley set a $77.00 price objective on Restaurant Brands International in a report on Tuesday, October 21st. Sanford C. Bernstein reissued an “overweight” rating and set a $86.00 price target on shares of Restaurant Brands International in a research report on Wednesday. Barclays raised their price objective on Restaurant Brands International from $78.00 to $86.00 and gave the stock an “overweight” rating in a report on Wednesday. Citigroup lifted their price objective on Restaurant Brands International from $72.00 to $74.00 and gave the company a “neutral” rating in a research note on Thursday, October 16th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $82.00 target price on shares of Restaurant Brands International in a research report on Tuesday, December 9th. Eleven research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $76.18.

About Restaurant Brands International

Restaurant Brands International Inc (NYSE: QSR) is a global quick-service restaurant company formed through the combination of established brands. The company’s principal holdings include Burger King, Tim Hortons and Popeyes, each of which operates under its own brand identity and menu. Restaurant Brands International’s business is centered on developing and expanding these franchised restaurant systems, supporting franchisees with brand management, supply chain coordination, and marketing programs.

RBI’s restaurants offer a range of quick-service food and beverage products: Burger King is known for its flame-grilled hamburgers and sandwiches, Tim Hortons for coffee, baked goods and breakfast items, and Popeyes for Louisiana-style fried chicken and seafood.