Duncan Fulton Sells 27,500 Shares of Restaurant Brands International Inc. (NYSE:QSR) Stock

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) insider Duncan Fulton sold 27,500 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $64.66, for a total transaction of $1,778,150.00. Following the transaction, the insider now directly owns 34,822 shares in the company, valued at approximately $2,251,590.52. This represents a 44.13 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Duncan Fulton also recently made the following trade(s):

• On Friday, February 21st, Duncan Fulton sold 15,974 shares of Restaurant Brands International stock. The stock was sold at an average price of $62.48, for a total value of $998,055.52.

Restaurant Brands International Stock Up 2.4 %

Shares of NYSE:QSR traded up $1.55 during midday trading on Thursday, reaching $65.25. The company had a trading volume of 1,652,394 shares, compared to its average volume of 2,251,881. The stock has a market capitalization of $21.17 billion, a P/E ratio of 20.52, a PEG ratio of 1.77 and a beta of 0.93. The stock’s fifty day moving average price is $63.48 and its 200-day moving average price is $67.65. 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 one year low of $59.67 and a one year high of $83.29.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share 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%. Equities research analysts expect 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 of this dividend is Friday, March 21st. This represents a $2.48 annualized dividend and a yield of 3.80%. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.58. Restaurant Brands International’s dividend payout ratio is presently 77.99%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in QSR. Dunhill Financial LLC lifted its stake in Restaurant Brands International by 100.0% during the fourth quarter. Dunhill Financial LLC now owns 400 shares of the restaurant operator’s stock worth $26,000 after purchasing an additional 200 shares during the last quarter. Farther Finance Advisors LLC increased its stake in Restaurant Brands International by 79.4% during the third quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock valued at $30,000 after purchasing an additional 185 shares during the last quarter. 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 purchasing an additional 314 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of Restaurant Brands International in the 4th quarter worth about $32,000. Finally, IFP Advisors Inc boosted its holdings in shares of Restaurant Brands International by 183.9% in the 4th quarter. IFP Advisors Inc now owns 636 shares of the restaurant operator’s stock valued at $41,000 after buying an additional 412 shares during the period. Institutional investors and hedge funds own 82.29% of the company’s stock.

Analyst Ratings Changes

QSR has been the topic of a number of research analyst reports. TD Cowen cut Restaurant Brands International from a “buy” rating to a “hold” rating and set a $70.00 target price on the stock. in a report on Friday, February 14th. Truist Financial reduced their price objective on Restaurant Brands International from $85.00 to $83.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Guggenheim raised shares of Restaurant Brands International from a “neutral” rating to a “buy” rating and dropped their target price for the stock from $74.00 to $71.00 in a research report on Friday, January 24th. Argus lowered shares of Restaurant Brands International from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. Finally, Jefferies Financial Group decreased their price objective on shares of Restaurant Brands International from $73.00 to $67.00 and set an “equal weight” rating for the company in a research note on Thursday, January 30th. One 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’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus 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.