Restaurant Brands International Inc. (NYSE:QSR) CFO Sells $358,171.80 in Stock

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) CFO Sami A. Siddiqui sold 5,579 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $64.20, for a total value of $358,171.80. Following the completion of the sale, the chief financial officer now owns 27,266 shares of the company’s stock, valued at $1,750,477.20. The trade was a 16.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Restaurant Brands International Trading Down 1.1 %

Shares of NYSE QSR traded down $0.73 during trading on Tuesday, reaching $63.18. The stock had a trading volume of 1,327,848 shares, compared to its average volume of 1,355,462. Restaurant Brands International Inc. has a fifty-two week low of $63.09 and a fifty-two week high of $83.29. The business’s 50-day moving average price is $68.15 and its 200-day moving average price is $69.65. The company has a market cap of $20.46 billion, a P/E ratio of 15.83, a PEG ratio of 2.27 and a beta of 0.94. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02.

Restaurant Brands International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 20th were given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date of this dividend was Friday, December 20th. Restaurant Brands International’s dividend payout ratio is currently 58.15%.

Institutional Investors Weigh In On Restaurant Brands International

Institutional investors have recently modified their holdings of the company. D1 Capital Partners L.P. acquired a new stake in shares of Restaurant Brands International in the 2nd quarter valued at about $200,097,000. National Bank of Canada FI raised its stake in Restaurant Brands International by 68.6% in the 3rd quarter. National Bank of Canada FI now owns 3,181,459 shares of the restaurant operator’s stock valued at $229,545,000 after purchasing an additional 1,294,185 shares during the last quarter. Holocene Advisors LP acquired a new position in Restaurant Brands International in the third quarter valued at $89,790,000. Point72 Asset Management L.P. raised its stake in Restaurant Brands International by 282.6% during the third quarter. Point72 Asset Management L.P. now owns 1,465,709 shares of the restaurant operator’s stock worth $105,707,000 after purchasing an additional 1,082,622 shares during the period. Finally, Canada Pension Plan Investment Board lifted its stake in shares of Restaurant Brands International by 31.4% in the 2nd quarter. Canada Pension Plan Investment Board now owns 3,490,157 shares of the restaurant operator’s stock valued at $245,881,000 after purchasing an additional 835,000 shares in the last quarter. 82.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on QSR shares. Citigroup lifted their price objective on shares of Restaurant Brands International from $75.00 to $77.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. Evercore ISI dropped their target price on Restaurant Brands International from $93.00 to $90.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. CIBC reduced their target price on Restaurant Brands International from $88.00 to $86.00 and set an “outperformer” rating on the stock in a research report on Wednesday, November 6th. Guggenheim lifted their price objective on shares of Restaurant Brands International from $73.00 to $74.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. Finally, JPMorgan Chase & Co. upped their price target on Restaurant Brands International from $80.00 to $84.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $81.92.

Restaurant Brands International Company Profile

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.