Insider Selling: Restaurant Brands International Inc. (NYSE:QSR) CEO Sells $797,364.00 in Stock

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) CEO Joshua Kobza sold 12,420 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $64.20, for a total transaction of $797,364.00. Following the sale, the chief executive officer now directly owns 703,445 shares in the company, valued at approximately $45,161,169. The trade was a 1.73 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Restaurant Brands International Trading Down 1.0 %

NYSE QSR opened at $62.54 on Friday. The company has a fifty day moving average of $67.71 and a 200 day moving average of $69.51. The company has a market capitalization of $20.25 billion, a PE ratio of 15.67, a P/E/G ratio of 2.27 and a beta of 0.94. 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 Inc. has a 1 year low of $62.19 and a 1 year high of $83.29.

Restaurant Brands International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 20th were given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 3.71%. The ex-dividend date was Friday, December 20th. Restaurant Brands International’s dividend payout ratio is currently 58.15%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on QSR. Oppenheimer dropped their price target on Restaurant Brands International from $86.00 to $77.00 and set an “outperform” rating for the company in a research report on Tuesday. Evercore ISI dropped their price target on shares of Restaurant Brands International from $93.00 to $90.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. KeyCorp dropped their target price on Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating for the company in a research report on Wednesday, November 6th. Argus cut their price objective on Restaurant Brands International from $85.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Finally, CIBC decreased their target price on Restaurant Brands International from $88.00 to $86.00 and set an “outperformer” rating for the company in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $81.62.

Hedge Funds Weigh In On Restaurant Brands International

Several institutional investors have recently made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of Restaurant Brands International during the 3rd quarter valued at about $378,000. Arvest Bank Trust Division acquired a new position in shares of Restaurant Brands International during the third quarter valued at approximately $12,053,000. Toronto Dominion Bank lifted its holdings in Restaurant Brands International by 0.5% in the 3rd quarter. Toronto Dominion Bank now owns 864,207 shares of the restaurant operator’s stock valued at $62,327,000 after purchasing an additional 4,702 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Restaurant Brands International by 10.1% in the third quarter. Geode Capital Management LLC now owns 1,379,847 shares of the restaurant operator’s stock valued at $101,085,000 after buying an additional 126,600 shares during the last quarter. Finally, Vestcor Inc purchased a new position in Restaurant Brands International in the 3rd quarter worth approximately $1,103,000. 82.29% of the stock is owned by hedge funds and other institutional investors.

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.