Restaurant Brands International (NYSE:QSR) CFO Sells $2,980,400.00 in Stock

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

Restaurant Brands International Price Performance

Shares of Restaurant Brands International stock traded up $0.50 during midday trading on Tuesday, hitting $75.07. 4,248,414 shares of the company were exchanged, compared to its average volume of 3,475,697. The company has a debt-to-equity ratio of 2.62, a current ratio of 0.98 and a quick ratio of 0.91. The firm has a market cap of $26.06 billion, a P/E ratio of 20.26, a PEG ratio of 2.12 and a beta of 0.56. Restaurant Brands International Inc. has a 52 week low of $58.71 and a 52 week high of $75.57. The firm has a 50 day simple moving average of $69.44 and a 200-day simple moving average of $68.22.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings results on Thursday, February 12th. The restaurant operator reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.41 billion. During the same period in the prior year, the business posted $0.81 earnings per share. The business’s revenue was up 7.4% compared to the same quarter last year. Research analysts forecast that Restaurant Brands International Inc. will post 3.72 earnings per share for the current year.

Restaurant Brands International Increases Dividend

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

Analysts Set New Price Targets

A number of research firms have commented on QSR. Guggenheim boosted their price target on shares of Restaurant Brands International from $79.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, February 27th. BMO Capital Markets lowered their price target on shares of Restaurant Brands International from $83.00 to $81.00 and set an “outperform” rating for the company in a report on Friday, February 13th. Barclays cut their target price on shares of Restaurant Brands International from $86.00 to $82.00 and set an “overweight” rating on the stock in a research report on Friday, February 13th. Royal Bank Of Canada raised their price target on Restaurant Brands International from $80.00 to $83.00 and gave the stock an “outperform” rating in a research report on Monday, March 2nd. Finally, TD Cowen decreased their price objective on shares of Restaurant Brands International from $74.00 to $72.00 and set a “hold” rating for the company in a report on Thursday, February 12th. Fourteen investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $78.95.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Baupost Group LLC MA boosted its holdings in shares of Restaurant Brands International by 103.8% in the third quarter. Baupost Group LLC MA now owns 8,252,862 shares of the restaurant operator’s stock valued at $529,337,000 after buying an additional 4,203,300 shares during the period. Platinum Paramount Investment LTD. acquired a new stake in shares of Restaurant Brands International during the fourth quarter worth $281,033,000. Norges Bank bought a new stake in Restaurant Brands International in the 2nd quarter valued at $254,948,000. Capital World Investors lifted its position in Restaurant Brands International by 7.7% in the 4th quarter. Capital World Investors now owns 43,525,570 shares of the restaurant operator’s stock valued at $2,969,819,000 after acquiring an additional 3,095,167 shares in the last quarter. Finally, State Street Corp boosted its stake in Restaurant Brands International by 9,477.4% in the 2nd quarter. State Street Corp now owns 2,997,344 shares of the restaurant operator’s stock worth $198,711,000 after purchasing an additional 2,966,048 shares during the period. Institutional investors own 82.29% of the company’s stock.

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.