Restaurant Brands International Inc. (NYSE:QSR) CFO Sami A. Siddiqui Sells 12,500 Shares

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) CFO Sami A. Siddiqui sold 12,500 shares of the stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $68.12, for a total value of $851,500.00. Following the completion of the sale, the chief financial officer now directly owns 235,228 shares in the company, valued at $16,023,731.36. This represents a 5.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Restaurant Brands International Price Performance

NYSE QSR opened at $67.16 on Friday. Restaurant Brands International Inc. has a 1 year low of $59.67 and a 1 year high of $80.49. The business’s fifty day moving average is $64.25 and its two-hundred day moving average is $67.26. The stock has a market capitalization of $21.83 billion, a P/E ratio of 21.12, a P/E/G ratio of 1.77 and a beta of 0.95. 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 (NYSE:QSR) (TSE:QSR) last announced its earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.29). Restaurant Brands International had a return on equity of 28.53% and a net margin of 12.15%. On average, research analysts forecast that Restaurant Brands International Inc. will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 21st will be paid a dividend of $0.62 per share. The ex-dividend date is Friday, March 21st. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.58. This represents a $2.48 dividend on an annualized basis and a yield of 3.69%. Restaurant Brands International’s dividend payout ratio is currently 77.99%.

Hedge Funds Weigh In On Restaurant Brands International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in QSR. Dunhill Financial LLC boosted its stake in shares of Restaurant Brands International by 100.0% during the 4th quarter. Dunhill Financial LLC now owns 400 shares of the restaurant operator’s stock valued at $26,000 after buying an additional 200 shares during the period. Venturi Wealth Management LLC raised its holdings in shares of Restaurant Brands International by 213.6% during the fourth quarter. Venturi Wealth Management LLC now owns 461 shares of the restaurant operator’s stock worth $30,000 after acquiring an additional 314 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Restaurant Brands International during the fourth quarter worth $32,000. IFP Advisors Inc boosted its position in Restaurant Brands International by 183.9% during the fourth quarter. IFP Advisors Inc now owns 636 shares of the restaurant operator’s stock valued at $41,000 after purchasing an additional 412 shares during the last quarter. Finally, Physician Wealth Advisors Inc. acquired a new position in Restaurant Brands International in the 4th quarter worth about $60,000. Institutional investors and hedge funds own 82.29% of the company’s stock.

Analysts Set New Price Targets

QSR has been the topic of a number of analyst reports. Barclays dropped their price objective on shares of Restaurant Brands International from $83.00 to $80.00 and set an “overweight” rating on the stock in a report on Thursday, February 13th. Loop Capital restated a “buy” rating on shares of Restaurant Brands International in a research note on Tuesday. CIBC reduced their price objective on Restaurant Brands International from $86.00 to $78.00 and set an “outperform” rating for the company in a research report on Thursday, February 13th. Stifel Nicolaus lowered their target price on Restaurant Brands International from $72.00 to $68.00 and set a “hold” rating on the stock in a research report on Friday, January 10th. Finally, Jefferies Financial Group reduced their price target on Restaurant Brands International from $73.00 to $67.00 and set an “equal weight” rating for the company in a research report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $77.08.

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.