Restaurant Brands International (NYSE:QSR) CFO Sami Siddiqui Sells 40,000 Shares of Stock

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) CFO Sami Siddiqui sold 40,000 shares of Restaurant Brands International stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $74.51, for a total transaction of $2,980,400.00. Following the transaction, the chief financial officer owned 35,766 shares of the company’s stock, valued at $2,664,924.66. The trade was a 52.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Restaurant Brands International Stock Performance

Restaurant Brands International stock opened at $75.07 on Wednesday. Restaurant Brands International Inc. has a twelve month low of $58.71 and a twelve month high of $75.57. The company has a quick ratio of 0.91, a current ratio of 0.98 and a debt-to-equity ratio of 2.62. The company has a market capitalization of $26.06 billion, a P/E ratio of 31.81, a PEG ratio of 2.12 and a beta of 0.56. The stock’s 50 day moving average is $69.59 and its 200 day moving average is $68.30.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its earnings results on Thursday, February 12th. The restaurant operator reported $0.96 EPS for the quarter, topping the consensus estimate of $0.93 by $0.03. Restaurant Brands International had a return on equity of 32.51% and a net margin of 8.23%.The business had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.41 billion. During the same period in the previous year, the company posted $0.81 earnings per share. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. On average, equities research analysts predict that Restaurant Brands International Inc. will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Thursday, March 19th will be given a dividend of $0.65 per share. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Thursday, March 19th. This represents a $2.60 annualized dividend and a yield of 3.5%. Restaurant Brands International’s payout ratio is currently 105.08%.

Institutional Trading of Restaurant Brands International

A number of institutional investors have recently made changes to their positions in the stock. Lloyd Advisory Services LLC. bought a new stake in shares of Restaurant Brands International in the fourth quarter worth approximately $25,000. Larson Financial Group LLC lifted its position in Restaurant Brands International by 1,922.2% during the fourth quarter. Larson Financial Group LLC now owns 364 shares of the restaurant operator’s stock valued at $25,000 after purchasing an additional 346 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in Restaurant Brands International during the fourth quarter valued at approximately $29,000. Steigerwald Gordon & Koch Inc. purchased a new stake in Restaurant Brands International in the third quarter worth approximately $29,000. Finally, Cary Street Partners Investment Advisory LLC bought a new stake in Restaurant Brands International in the 2nd quarter worth approximately $35,000. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Wall Street Analysts Forecast Growth

QSR has been the subject of several recent analyst reports. Piper Sandler raised shares of Restaurant Brands International from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $71.00 to $84.00 in a report on Monday, March 2nd. Stifel Nicolaus raised shares of Restaurant Brands International from a “hold” rating to a “buy” rating and raised their price target for the company from $68.00 to $90.00 in a research report on Monday, March 2nd. Oppenheimer restated an “outperform” rating and issued a $80.00 price objective on shares of Restaurant Brands International in a report on Tuesday, November 25th. Morgan Stanley upped their price objective on Restaurant Brands International from $77.00 to $78.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 3rd. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Restaurant Brands International in a research note on Thursday, January 22nd. Fourteen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Restaurant Brands International presently has an average rating of “Moderate Buy” and an average price target of $78.95.

Restaurant Brands International Company Profile

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.