Jeffrey Housman Sells 5,835 Shares of Restaurant Brands International (NYSE:QSR) Stock

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) insider Jeffrey Housman sold 5,835 shares of the stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $70.87, for a total transaction of $413,526.45. Following the completion of the transaction, the insider directly owned 146,162 shares of the company’s stock, valued at approximately $10,358,500.94. The trade was a 3.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Restaurant Brands International Stock Performance

Restaurant Brands International stock opened at $69.89 on Friday. Restaurant Brands International Inc. has a fifty-two week low of $58.71 and a fifty-two week high of $73.70. The stock’s 50 day simple moving average is $69.12 and its two-hundred day simple moving average is $67.33. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.98 and a current ratio of 1.06. The stock has a market cap of $22.91 billion, a price-to-earnings ratio of 24.87, a PEG ratio of 2.79 and a beta of 0.60.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its earnings results on Thursday, October 30th. The restaurant operator reported $1.03 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter was up 6.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.93 EPS. As a group, analysts expect that Restaurant Brands International Inc. will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Tuesday, December 23rd will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Tuesday, December 23rd. Restaurant Brands International’s payout ratio is 88.26%.

Wall Street Analysts Forecast Growth

QSR has been the subject of several research reports. Robert W. Baird increased their price target on shares of Restaurant Brands International from $68.00 to $72.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Oppenheimer reaffirmed an “outperform” rating and set a $80.00 target price on shares of Restaurant Brands International in a research note on Tuesday, November 25th. Scotiabank boosted their price target on Restaurant Brands International from $73.00 to $74.00 and gave the stock a “sector perform” rating in a research report on Friday, October 31st. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $82.00 price objective on shares of Restaurant Brands International in a research report on Tuesday, December 9th. Finally, Argus upgraded Restaurant Brands International from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a research note on Tuesday, December 2nd. Ten analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $75.45.

Hedge Funds Weigh In On Restaurant Brands International

A number of hedge funds have recently added to or reduced their stakes in the company. Jump Financial LLC purchased a new position in shares of Restaurant Brands International during the first quarter valued at approximately $432,000. Raymond James Financial Inc. grew its position in Restaurant Brands International by 90.9% in the 1st quarter. Raymond James Financial Inc. now owns 563,747 shares of the restaurant operator’s stock worth $37,568,000 after purchasing an additional 268,511 shares during the period. Partners Capital Investment Group LLP raised its stake in 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 valued at $9,715,000 after buying an additional 69,557 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of 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 buying an additional 7,988 shares during the period. Finally, Royal Bank of Canada lifted its holdings in shares of Restaurant Brands International by 16.7% during the 1st quarter. Royal Bank of Canada now owns 22,626,635 shares of the restaurant operator’s stock valued at $1,507,839,000 after buying an additional 3,230,735 shares during the period. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

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.