Insider Selling: Restaurant Brands International (NYSE:QSR) Insider Sells $262,073.82 in Stock

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) insider Peter Perdue sold 3,882 shares of the company’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $67.51, for a total transaction of $262,073.82. Following the completion of the transaction, the insider owned 42,906 shares of the company’s stock, valued at approximately $2,896,584.06. This trade represents a 8.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Peter Perdue also recently made the following trade(s):

• On Wednesday, January 7th, Peter Perdue sold 396 shares of Restaurant Brands International stock. The stock was sold at an average price of $67.44, for a total transaction of $26,706.24.
• On Monday, December 15th, Peter Perdue sold 907 shares of Restaurant Brands International stock. The stock was sold at an average price of $70.87, for a total transaction of $64,279.09.
• On Monday, December 15th, Peter Perdue sold 907 shares of Restaurant Brands International stock. The shares were sold at an average price of $70.87, for a total value of $64,279.09.

Restaurant Brands International Stock Up 3.4%

Shares of QSR opened at $69.92 on Friday. The stock’s 50-day moving average price is $68.56 and its two-hundred day moving average price is $67.47. Restaurant Brands International Inc. has a 12 month low of $58.71 and a 12 month high of $73.70. The company has a market capitalization of $24.23 billion, a PE ratio of 29.63, a PEG ratio of 2.06 and a beta of 0.58. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 2.62.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly 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. The company had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.41 billion. Restaurant Brands International had a return on equity of 32.51% and a net margin of 8.23%.The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.81 earnings per share. On average, analysts anticipate that Restaurant Brands International Inc. will post 3.72 EPS for the current year.

Restaurant Brands International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Thursday, March 19th will be given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 3.7%. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.62. The ex-dividend date is Thursday, March 19th. Restaurant Brands International’s dividend payout ratio is currently 110.17%.

Institutional Investors Weigh In On Restaurant Brands International

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Baupost Group LLC MA raised its holdings in shares of Restaurant Brands International by 103.8% in the 3rd quarter. Baupost Group LLC MA now owns 8,252,862 shares of the restaurant operator’s stock worth $529,337,000 after acquiring an additional 4,203,300 shares during the last quarter. Norges Bank acquired a new position in Restaurant Brands International during the 2nd quarter valued at about $254,948,000. Capital World Investors increased its holdings in Restaurant Brands International by 7.7% during the 4th quarter. Capital World Investors now owns 43,525,570 shares of the restaurant operator’s stock worth $2,969,819,000 after purchasing an additional 3,095,167 shares in the last quarter. State Street Corp raised its stake in shares of Restaurant Brands International by 9,477.4% in the second 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 last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Restaurant Brands International by 112.8% in the second quarter. Geode Capital Management LLC now owns 4,296,050 shares of the restaurant operator’s stock worth $286,172,000 after purchasing an additional 2,277,694 shares during the last quarter. 82.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Robert W. Baird upped their price target on shares of Restaurant Brands International from $68.00 to $72.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Royal Bank Of Canada lowered their target price on Restaurant Brands International from $82.00 to $80.00 and set an “outperform” rating for the company in a report on Friday, February 13th. Weiss Ratings restated a “hold (c+)” rating on shares of Restaurant Brands International in a report on Thursday, January 22nd. Sanford C. Bernstein set a $82.00 target price on shares of Restaurant Brands International in a research report on Friday, February 13th. Finally, Argus raised shares of Restaurant Brands International from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a research note on Tuesday, December 2nd. Twelve research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Restaurant Brands International presently has an average rating of “Moderate Buy” and an average price target 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.