Insider Selling: Restaurant Brands International (NYSE:QSR) Insider Sells 20,000 Shares of Stock

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) insider Jeffrey Housman sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $73.48, for a total value of $1,469,600.00. Following the transaction, the insider owned 162,077 shares of the company’s stock, valued at approximately $11,909,417.96. This represents a 10.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Jeffrey Housman also recently made the following trade(s):

• On Monday, February 23rd, Jeffrey Housman sold 7,705 shares of Restaurant Brands International stock. The stock was sold at an average price of $67.51, for a total value of $520,164.55.
• On Wednesday, January 7th, Jeffrey Housman sold 1,483 shares of Restaurant Brands International stock. The shares were sold at an average price of $67.44, for a total value of $100,013.52.

Restaurant Brands International Stock Performance

QSR stock traded down $0.36 during trading on Friday, reaching $73.77. 6,428,977 shares of the company’s stock were exchanged, compared to its average volume of 3,473,125. The company has a quick ratio of 0.91, a current ratio of 0.98 and a debt-to-equity ratio of 2.62. Restaurant Brands International Inc. has a 1-year low of $58.71 and a 1-year high of $75.57. The company’s fifty day moving average price is $69.84 and its 200-day moving average price is $68.38. The firm has a market cap of $25.61 billion, a PE ratio of 31.26, a P/E/G ratio of 2.11 and a beta of 0.56.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings results on Thursday, February 12th. The restaurant operator reported $0.96 EPS 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 company had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same period last year, the company earned $0.81 earnings per share. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. On average, research analysts expect that Restaurant Brands International Inc. will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Thursday, March 19th will be paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a 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 dividend payout ratio is 110.17%.

Institutional Trading of Restaurant Brands International

A number of large investors have recently added to or reduced their stakes in the business. Purpose Unlimited Inc. acquired a new stake in shares of Restaurant Brands International during the 4th quarter valued at $7,329,000. Rockefeller Capital Management L.P. grew its holdings in shares of Restaurant Brands International by 26.9% in the 4th quarter. Rockefeller Capital Management L.P. now owns 325,904 shares of the restaurant operator’s stock worth $22,237,000 after acquiring an additional 69,030 shares during the last quarter. Corient Private Wealth LLC grew its holdings in shares of Restaurant Brands International by 93.6% in the 4th quarter. Corient Private Wealth LLC now owns 26,792 shares of the restaurant operator’s stock worth $1,828,000 after acquiring an additional 12,951 shares during the last quarter. Platinum Paramount Investment LTD. acquired a new stake in shares of Restaurant Brands International during the fourth quarter worth $281,033,000. Finally, Caitong International Asset Management Co. Ltd raised its position in shares of Restaurant Brands International by 238.1% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,520 shares of the restaurant operator’s stock worth $240,000 after purchasing an additional 2,479 shares during the period. 82.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Oppenheimer increased their price objective on shares of Restaurant Brands International from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Wednesday. Sanford C. Bernstein set a $82.00 price target on Restaurant Brands International in a research note on Friday, February 13th. Guggenheim lifted their price target on Restaurant Brands International from $79.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, February 27th. Citigroup dropped their price objective on Restaurant Brands International from $74.00 to $72.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 3rd. Finally, Barclays cut their price objective on Restaurant Brands International from $86.00 to $82.00 and set an “overweight” rating for the company in a report on Friday, February 13th. Fourteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Restaurant Brands International has an average rating of “Moderate Buy” and a consensus price target of $79.19.

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.