Restaurant Brands International Inc. (NYSE:QSR) Insider Sells $5,645,816.19 in Stock

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) insider Jill Granat sold 81,387 shares of the business’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $69.37, for a total transaction of $5,645,816.19. Following the transaction, the insider now directly owns 388,759 shares of the company’s stock, valued at $26,968,211.83. The trade was a 17.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, December 9th, Jill Granat sold 10,613 shares of Restaurant Brands International stock. The shares were sold at an average price of $70.41, for a total value of $747,261.33.

Restaurant Brands International Trading Down 0.9 %

Restaurant Brands International stock opened at $69.19 on Friday. Restaurant Brands International Inc. has a 52 week low of $65.87 and a 52 week high of $83.29. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02. The firm has a market capitalization of $22.40 billion, a price-to-earnings ratio of 17.31, a P/E/G ratio of 2.24 and a beta of 0.93. The company has a 50 day moving average price of $70.02 and a 200 day moving average price of $69.98.

Restaurant Brands International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 20th will be issued a dividend of $0.58 per share. The ex-dividend date is Friday, December 20th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.35%. Restaurant Brands International’s dividend payout ratio is 58.15%.

Institutional Investors Weigh In On Restaurant Brands International

Several hedge funds have recently bought and sold shares of the business. Farther Finance Advisors LLC grew its holdings in shares of Restaurant Brands International by 79.4% during the 3rd 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 in the last quarter. Plato Investment Management Ltd bought a new stake in shares of Restaurant Brands International during the 3rd quarter worth $61,000. Crewe Advisors LLC grew its position in shares of Restaurant Brands International by 78.8% in the second quarter. Crewe Advisors LLC now owns 1,071 shares of the restaurant operator’s stock valued at $75,000 after purchasing an additional 472 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Restaurant Brands International by 123.9% in the third quarter. Blue Trust Inc. now owns 1,388 shares of the restaurant operator’s stock worth $98,000 after purchasing an additional 768 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of Restaurant Brands International by 67.0% in the third quarter. GAMMA Investing LLC now owns 1,754 shares of the restaurant operator’s stock worth $126,000 after purchasing an additional 704 shares during the period. 82.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on QSR shares. Bank of America raised their target price on Restaurant Brands International from $76.00 to $77.00 and gave the company an “underperform” rating in a research report on Tuesday, October 22nd. KeyCorp cut their price objective on shares of Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 6th. Oppenheimer decreased 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 research report on Tuesday, October 22nd. Guggenheim boosted their price target on shares of Restaurant Brands International from $73.00 to $74.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Finally, Truist Financial reduced 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 research note on Monday, August 19th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, Restaurant Brands International presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.27.

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.