Restaurant Brands International Inc. (NYSE:QSR) CFO Sells $1,502,178.54 in Stock

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) CFO Sami A. Siddiqui sold 23,333 shares of the stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $64.38, for a total value of $1,502,178.54. Following the completion of the sale, the chief financial officer now directly owns 91,766 shares of the company’s stock, valued at $5,907,895.08. The trade was a 20.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Restaurant Brands International Stock Up 0.1 %

Shares of NYSE QSR opened at $65.24 on Friday. Restaurant Brands International Inc. has a 52 week low of $59.67 and a 52 week high of $83.29. The business has a 50-day simple moving average of $63.44 and a two-hundred day simple moving average of $67.58. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 2.75. The company has a market cap of $21.17 billion, a P/E ratio of 20.52, a P/E/G ratio of 1.77 and a beta of 0.93.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 EPS for the quarter, missing the consensus estimate of $1.10 by ($0.29). Restaurant Brands International had a return on equity of 28.53% and a net margin of 12.15%. Research analysts anticipate that Restaurant Brands International Inc. will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Increases Dividend

The firm also recently declared 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 represents a $2.48 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date is Friday, March 21st. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.58. Restaurant Brands International’s dividend payout ratio (DPR) is 77.99%.

Analyst Ratings Changes

A number of research firms recently commented on QSR. Jefferies Financial Group lowered 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. Oppenheimer decreased their target price on Restaurant Brands International from $86.00 to $77.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. Argus lowered Restaurant Brands International from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th. Wells Fargo & Company decreased their target price on Restaurant Brands International from $72.00 to $69.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 8th. Finally, Evercore ISI decreased their target price on Restaurant Brands International from $93.00 to $90.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $77.33.

Institutional Trading of Restaurant Brands International

A number of large investors have recently modified their holdings of QSR. Blue Trust Inc. raised its holdings in shares of Restaurant Brands International by 123.9% during the 3rd quarter. Blue Trust Inc. now owns 1,388 shares of the restaurant operator’s stock valued at $98,000 after buying an additional 768 shares in the last quarter. Private Advisor Group LLC purchased a new position in shares of Restaurant Brands International during the 3rd quarter valued at about $257,000. International Assets Investment Management LLC purchased a new position in shares of Restaurant Brands International during the 3rd quarter valued at about $4,596,000. Assenagon Asset Management S.A. raised its holdings in shares of Restaurant Brands International by 379.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 22,575 shares of the restaurant operator’s stock valued at $1,628,000 after buying an additional 17,868 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of Restaurant Brands International by 38.7% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 4,297 shares of the restaurant operator’s stock valued at $310,000 after buying an additional 1,198 shares in the last quarter. Institutional investors own 82.29% of the company’s stock.

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.