Restaurant Brands International (NYSE:QSR) Insider Sells $778,052.75 in Stock

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) insider Jill Granat sold 11,525 shares of the company’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $67.51, for a total value of $778,052.75. Following the completion of the sale, the insider directly owned 476,126 shares of the company’s stock, valued at approximately $32,143,266.26. This trade represents a 2.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Jill Granat also recently made the following trade(s):

• On Wednesday, January 7th, Jill Granat sold 1,925 shares of Restaurant Brands International stock. The stock was sold at an average price of $67.44, for a total transaction of $129,822.00.
• On Monday, December 15th, Jill Granat sold 5,315 shares of Restaurant Brands International stock. The shares were sold at an average price of $70.87, for a total value of $376,674.05.
• On Monday, December 15th, Jill Granat sold 5,315 shares of Restaurant Brands International stock. The shares were sold at an average price of $70.87, for a total value of $376,674.05.

Restaurant Brands International Stock Performance

NYSE:QSR opened at $69.92 on Friday. Restaurant Brands International Inc. has a 1-year low of $58.71 and a 1-year high of $73.70. The firm has a market cap of $24.23 billion, a price-to-earnings ratio of 29.63, a price-to-earnings-growth ratio of 2.06 and a beta of 0.58. The company has a debt-to-equity ratio of 2.62, a current ratio of 0.98 and a quick ratio of 0.98. The firm’s fifty day moving average price is $68.56 and its 200 day moving average price is $67.47.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its earnings results on Thursday, February 12th. The restaurant operator reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.03. Restaurant Brands International had a net margin of 8.23% and a return on equity of 32.51%. The business had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter in the previous year, the firm earned $0.81 earnings per share. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. On average, sell-side analysts expect that Restaurant Brands International Inc. will post 3.72 EPS for the current year.

Restaurant Brands International Increases Dividend

The business also recently declared 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. The ex-dividend date is Thursday, March 19th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.7%. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.62. Restaurant Brands International’s payout ratio is 105.08%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. D.A. Davidson & CO. increased its position in Restaurant Brands International by 1.9% during the fourth quarter. D.A. Davidson & CO. now owns 8,451 shares of the restaurant operator’s stock worth $577,000 after purchasing an additional 154 shares during the last quarter. Capital Analysts LLC grew its stake in shares of Restaurant Brands International by 20.6% during the 4th quarter. Capital Analysts LLC now owns 924 shares of the restaurant operator’s stock valued at $63,000 after buying an additional 158 shares during the period. Legacy Wealth Asset Management LLC increased its holdings in shares of Restaurant Brands International by 2.0% during the 4th quarter. Legacy Wealth Asset Management LLC now owns 8,029 shares of the restaurant operator’s stock worth $548,000 after buying an additional 161 shares during the last quarter. Applied Finance Capital Management LLC increased its holdings in shares of Restaurant Brands International by 1.9% during the 4th quarter. Applied Finance Capital Management LLC now owns 9,440 shares of the restaurant operator’s stock worth $644,000 after buying an additional 179 shares during the last quarter. Finally, MAI Capital Management raised its position in shares of Restaurant Brands International by 4.1% in the 2nd quarter. MAI Capital Management now owns 4,595 shares of the restaurant operator’s stock worth $305,000 after buying an additional 180 shares during the period. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Citigroup dropped their target price on shares of Restaurant Brands International from $74.00 to $72.00 and set a “neutral” rating for the company in a report on Tuesday, February 3rd. BMO Capital Markets dropped their price objective on Restaurant Brands International from $83.00 to $81.00 and set an “outperform” rating for the company in a research note on Friday, February 13th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Restaurant Brands International in a report on Thursday, January 22nd. Robert W. Baird boosted their target price on Restaurant Brands International from $68.00 to $72.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. Finally, Argus upgraded Restaurant Brands International from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a research report on Tuesday, December 2nd. Twelve equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $76.65.

About Restaurant Brands International

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.