Ali Hedayat Sells 7,000 Shares of Restaurant Brands International (NYSE:QSR) Stock

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) Director Ali Hedayat sold 7,000 shares of the stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $72.77, for a total value of $509,390.00. Following the transaction, the director directly owned 18,962 shares in the company, valued at approximately $1,379,864.74. The trade was a 26.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Restaurant Brands International Stock Down 1.2%

Shares of NYSE:QSR traded down $0.86 during trading on Monday, hitting $71.53. The company’s stock had a trading volume of 1,433,851 shares, compared to its average volume of 2,564,607. The company has a market capitalization of $23.45 billion, a PE ratio of 25.46, a P/E/G ratio of 2.88 and a beta of 0.60. 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 Inc. has a fifty-two week low of $58.71 and a fifty-two week high of $73.13. The business has a 50 day moving average price of $67.69 and a two-hundred day moving average price of $67.23.

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

Restaurant Brands International Dividend Announcement

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

Analyst Ratings Changes

Several brokerages have issued reports on QSR. Northcoast Research cut shares of Restaurant Brands International from a “buy” rating to a “neutral” rating in a research note on Friday, September 12th. Robert W. Baird lifted their price objective on Restaurant Brands International from $68.00 to $72.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Citigroup upped their price target on shares of Restaurant Brands International from $72.00 to $74.00 and gave the company a “neutral” rating in a report on Thursday, October 16th. Guggenheim lifted their price objective on Restaurant Brands International from $77.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, August 13th. Finally, Argus downgraded Restaurant Brands International from a “buy” rating to a “hold” rating in a report on Friday, August 15th. Nine equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Restaurant Brands International has an average rating of “Hold” and a consensus target price of $74.76.

Institutional Trading of Restaurant Brands International

Several institutional investors and hedge funds have recently added to or reduced their stakes in QSR. Aviso Financial Inc. boosted its holdings in shares of Restaurant Brands International by 1.2% in the 1st quarter. Aviso Financial Inc. now owns 953,186 shares of the restaurant operator’s stock worth $63,566,000 after purchasing an additional 11,164 shares during the period. Jump Financial LLC purchased a new stake in Restaurant Brands International in the 1st quarter valued at about $432,000. Raymond James Financial Inc. boosted its holdings in shares of Restaurant Brands International by 90.9% in the first quarter. Raymond James Financial Inc. now owns 563,747 shares of the restaurant operator’s stock valued at $37,568,000 after purchasing an additional 268,511 shares during the period. Partners Capital Investment Group LLP grew its position in shares of Restaurant Brands International by 91.2% during the 1st quarter. Partners Capital Investment Group LLP now owns 145,787 shares of the restaurant operator’s stock worth $9,715,000 after buying an additional 69,557 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in Restaurant Brands International by 11.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 78,845 shares of the restaurant operator’s stock valued at $5,355,000 after purchasing an additional 7,988 shares during the period. 82.29% of the stock is owned by institutional investors and hedge funds.

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.