Insider Selling: Restaurant Brands International Inc. (NYSE:QSR) Insider Sells 3,511 Shares of Stock

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) insider Thiago T. Santelmo sold 3,511 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $64.20, for a total value of $225,406.20. Following the completion of the transaction, the insider now owns 32,937 shares in the company, valued at $2,114,555.40. This represents a 9.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Restaurant Brands International Price Performance

NYSE:QSR opened at $62.54 on Friday. The stock 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. Restaurant Brands International Inc. has a 1-year low of $62.19 and a 1-year high of $83.29. The firm has a fifty day simple moving average of $67.71 and a 200 day simple moving average of $69.51. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75.

Restaurant Brands International Dividend Announcement

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

Institutional Trading of Restaurant Brands International

Institutional investors and hedge funds have recently bought and sold shares of the business. Commonwealth Equity Services LLC increased its holdings in shares of Restaurant Brands International by 1.1% during the 2nd quarter. Commonwealth Equity Services LLC now owns 28,401 shares of the restaurant operator’s stock worth $1,999,000 after acquiring an additional 300 shares during the last quarter. Acadian Asset Management LLC increased its holdings in shares of Restaurant Brands International by 40.9% in the second quarter. Acadian Asset Management LLC now owns 15,643 shares of the restaurant operator’s stock valued at $1,100,000 after purchasing an additional 4,543 shares during the last quarter. Varma Mutual Pension Insurance Co raised its position in shares of Restaurant Brands International by 25.3% in the second quarter. Varma Mutual Pension Insurance Co now owns 187,058 shares of the restaurant operator’s stock valued at $13,178,000 after purchasing an additional 37,758 shares during the period. Choreo LLC acquired a new stake in shares of Restaurant Brands International during the 2nd quarter worth about $355,000. Finally, Andra AP fonden bought a new stake in shares of Restaurant Brands International during the 2nd quarter worth about $1,597,000. Institutional investors own 82.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. boosted their target price on Restaurant Brands International from $80.00 to $84.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Royal Bank of Canada lowered their target price on shares of Restaurant Brands International from $95.00 to $90.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. Stifel Nicolaus reduced their price target on shares of Restaurant Brands International from $77.00 to $72.00 and set a “hold” rating on the stock in a research report on Thursday, November 14th. CIBC lowered their price objective on shares of 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. Finally, Oppenheimer reduced their target price on Restaurant Brands International from $86.00 to $77.00 and set an “outperform” rating on the stock in a report on Tuesday. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Restaurant Brands International has an average rating of “Moderate Buy” and a consensus price target of $81.62.

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.