Restaurant Brands International Inc. (NYSE:QSR) Insider Sells $747,261.33 in Stock

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) insider Jill Granat sold 10,613 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $70.41, for a total value of $747,261.33. Following the transaction, the insider now owns 388,759 shares in the company, valued at $27,372,521.19. The trade was a 2.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Friday, December 6th, Jill Granat sold 81,387 shares of Restaurant Brands International stock. The shares were sold at an average price of $69.37, for a total value of $5,645,816.19.

Restaurant Brands International Trading Down 0.1 %

QSR traded down $0.05 during trading on Tuesday, hitting $70.00. The company’s stock had a trading volume of 1,963,768 shares, compared to its average volume of 1,589,768. Restaurant Brands International Inc. has a twelve month low of $65.87 and a twelve month high of $83.29. The stock has a market cap of $22.66 billion, a PE ratio of 17.54, a PEG ratio of 2.24 and a beta of 0.93. The firm’s 50 day moving average price is $70.12 and its 200-day moving average price is $69.97. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.02 and a quick ratio of 0.94.

Restaurant Brands International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 20th will be paid a $0.58 dividend. The ex-dividend date is Friday, December 20th. This represents a $2.32 annualized dividend and a yield of 3.31%. Restaurant Brands International’s payout ratio is currently 58.15%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on QSR shares. Piper Sandler reduced their target price on Restaurant Brands International from $82.00 to $75.00 and set a “neutral” rating for the company in a report on Monday, August 12th. Truist Financial cut their price target on shares of Restaurant Brands International from $87.00 to $86.00 and set a “buy” rating for the company in a report on Monday, August 19th. Guggenheim boosted their price objective on shares of Restaurant Brands International from $73.00 to $74.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. Oppenheimer dropped their target price on shares of Restaurant Brands International from $89.00 to $86.00 and set an “outperform” rating for the company in a report on Tuesday, October 22nd. Finally, Bank of America boosted their price target on Restaurant Brands International from $76.00 to $77.00 and gave the stock an “underperform” rating in a research note on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $82.27.

Hedge Funds Weigh In On Restaurant Brands International

Large investors have recently added to or reduced their stakes in the business. First Horizon Advisors Inc. boosted its holdings in shares of Restaurant Brands International by 4.0% in the 2nd quarter. First Horizon Advisors Inc. now owns 4,158 shares of the restaurant operator’s stock valued at $293,000 after purchasing an additional 160 shares during the last quarter. D.A. Davidson & CO. raised its position in shares of Restaurant Brands International by 2.2% in the 3rd quarter. D.A. Davidson & CO. now owns 8,412 shares of the restaurant operator’s stock worth $607,000 after buying an additional 179 shares during the period. Farther Finance Advisors LLC boosted its holdings in Restaurant Brands International by 79.4% in the third quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock valued at $30,000 after acquiring an additional 185 shares during the last quarter. Arvest Investments Inc. grew its position in Restaurant Brands International by 1.1% during the third quarter. Arvest Investments Inc. now owns 18,450 shares of the restaurant operator’s stock valued at $1,331,000 after acquiring an additional 197 shares during the period. Finally, BNP Paribas Financial Markets raised its holdings in shares of Restaurant Brands International by 17.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,754 shares of the restaurant operator’s stock worth $126,000 after purchasing an additional 265 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.