Joshua Kobza Sells 246,196 Shares of Restaurant Brands International Inc. (TSE:QSR) Stock

Restaurant Brands International Inc. (TSE:QSR) (NYSE:QSR) Senior Officer Joshua Kobza sold 246,196 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of C$75.17, for a total transaction of C$18,506,553.32.

Restaurant Brands International Price Performance

Shares of TSE QSR traded up C$0.13 during trading hours on Thursday, hitting C$100.95. 152,651 shares of the stock were exchanged, compared to its average volume of 610,206. Restaurant Brands International Inc. has a 1-year low of C$84.73 and a 1-year high of C$112.12. The company has a market cap of C$31.94 billion, a PE ratio of 18.99, a price-to-earnings-growth ratio of 2.22 and a beta of 0.93. The company has a debt-to-equity ratio of 299.34, a quick ratio of 0.80 and a current ratio of 1.08. The company’s fifty day simple moving average is C$104.15 and its two-hundred day simple moving average is C$101.46.

Restaurant Brands International (TSE:QSR) (NYSE:QSR) last posted its quarterly earnings results on Tuesday, February 13th. The company reported C$1.02 EPS for the quarter, topping analysts’ consensus estimates of C$0.99 by C$0.03. The company had revenue of C$2.48 billion during the quarter, compared to analysts’ expectations of C$2.44 billion. Restaurant Brands International had a return on equity of 38.68% and a net margin of 17.17%. On average, sell-side analysts predict that Restaurant Brands International Inc. will post 6.4635514 EPS for the current year.

Restaurant Brands International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 21st will be given a dividend of $0.784 per share. This represents a $3.14 dividend on an annualized basis and a yield of 3.11%. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.78. The ex-dividend date of this dividend is Friday, June 21st. Restaurant Brands International’s dividend payout ratio is currently 59.70%.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada raised their price objective on Restaurant Brands International from C$81.00 to C$90.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 14th.

Restaurant Brands International Company Profile

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.