Restaurant Brands International Inc. (NYSE:QSR) CEO Joshua Kobza Sells 72,720 Shares

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) CEO Joshua Kobza sold 72,720 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $64.38, for a total value of $4,681,713.60. Following the sale, the chief executive officer now directly owns 961,295 shares of the company’s stock, valued at $61,888,172.10. This represents a 7.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Joshua Kobza also recently made the following trade(s):

• On Friday, February 21st, Joshua Kobza sold 93,619 shares of Restaurant Brands International stock. The stock was sold at an average price of $62.35, for a total value of $5,837,144.65.
• On Monday, January 6th, Joshua Kobza sold 12,420 shares of Restaurant Brands International stock. The stock was sold at an average price of $64.20, for a total transaction of $797,364.00.

Restaurant Brands International Trading Up 2.4 %

Restaurant Brands International stock opened at $65.25 on Friday. Restaurant Brands International Inc. has a one year low of $59.67 and a one year high of $83.29. The business’s fifty day moving average is $63.47 and its 200 day moving average is $67.63. The stock has a market capitalization of $21.17 billion, a PE ratio of 20.52, a price-to-earnings-growth ratio of 1.77 and a beta of 0.93. 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 (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings data on Wednesday, February 12th. The restaurant operator reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.29). Restaurant Brands International had a net margin of 12.15% and a return on equity of 28.53%. On average, sell-side analysts predict that Restaurant Brands International Inc. will post 3.72 EPS for the current year.

Restaurant Brands International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 21st will be given a dividend of $0.62 per share. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.58. The ex-dividend date is Friday, March 21st. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.80%. Restaurant Brands International’s payout ratio is presently 77.99%.

Hedge Funds Weigh In On Restaurant Brands International

Institutional investors have recently bought and sold shares of the stock. Dunhill Financial LLC raised its stake in shares of Restaurant Brands International by 100.0% in the fourth quarter. Dunhill Financial LLC now owns 400 shares of the restaurant operator’s stock worth $26,000 after buying an additional 200 shares during the period. Farther Finance Advisors LLC raised its stake in Restaurant Brands International by 79.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock worth $30,000 after acquiring an additional 185 shares during the period. Venturi Wealth Management LLC lifted its holdings in Restaurant Brands International by 213.6% during the fourth quarter. Venturi Wealth Management LLC now owns 461 shares of the restaurant operator’s stock valued at $30,000 after purchasing an additional 314 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Restaurant Brands International during the 4th quarter valued at $32,000. Finally, IFP Advisors Inc raised its position in shares of Restaurant Brands International by 183.9% during the 4th 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 period. 82.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on QSR. Wells Fargo & Company dropped their price objective on shares of Restaurant Brands International from $72.00 to $69.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 8th. Stifel Nicolaus cut their price objective on shares of Restaurant Brands International from $72.00 to $68.00 and set a “hold” rating for the company in a report on Friday, January 10th. TD Securities reissued a “hold” rating and set a $70.00 target price on shares of Restaurant Brands International in a report on Tuesday. Oppenheimer cut their price target on Restaurant Brands International from $86.00 to $77.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Finally, Barclays decreased their price objective on Restaurant Brands International from $83.00 to $80.00 and set an “overweight” rating on the stock in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, Restaurant Brands International presently has an average rating of “Hold” and an average target price of $77.96.

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.