Restaurant Brands International Inc (QSR) Insider Sells C$2,306,496.00 in Stock
Restaurant Brands International Inc (TSE:QSR) (NYSE:QSR) insider José E. Cil sold 36,039 shares of Restaurant Brands International stock in a transaction on Thursday, September 28th. The stock was sold at an average price of C$64.00, for a total transaction of C$2,306,496.00.
Restaurant Brands International Inc (TSE:QSR) opened at 79.74 on Thursday. The company has a market cap of $18.84 billion and a P/E ratio of 55.80. The company’s 50-day moving average is $77.72 and its 200-day moving average is $77.99. Restaurant Brands International Inc has a 52 week low of $57.23 and a 52 week high of $84.19.
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 3rd. Investors of record on Friday, September 15th were issued a dividend of $0.20 per share. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.10. This represents a $0.80 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend was Thursday, September 14th.
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Separately, CSFB raised shares of Restaurant Brands International from a “neutral” rating to an “outperform” rating in a research note on Thursday, September 7th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Restaurant Brands International has a consensus rating of “Buy” 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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