Restaurant Brands International Inc. (NYSE:QSR) Insider Sells $998,055.52 in Stock

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) insider Duncan Fulton sold 15,974 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $62.48, for a total transaction of $998,055.52. Following the completion of the transaction, the insider now directly owns 45,248 shares in the company, valued at approximately $2,827,095.04. This represents a 26.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Thursday, February 27th, Duncan Fulton sold 27,500 shares of Restaurant Brands International stock. The shares were sold at an average price of $64.66, for a total transaction of $1,778,150.00.

Restaurant Brands International Stock Performance

Shares of QSR opened at $65.25 on Friday. Restaurant Brands International Inc. has a 1 year low of $59.67 and a 1 year high of $83.29. The stock has a 50-day simple moving average of $63.47 and a 200-day simple moving average of $67.63. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02. The stock has a market capitalization of $21.17 billion, a PE ratio of 20.52, a PEG ratio of 1.77 and a beta of 0.93.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released 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, analysts predict 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 announced 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. The ex-dividend date of this dividend is Friday, March 21st. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.80%. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.58. Restaurant Brands International’s payout ratio is 77.99%.

Institutional Investors Weigh In On Restaurant Brands International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dunhill Financial LLC increased its stake in Restaurant Brands International by 100.0% in the fourth quarter. Dunhill Financial LLC now owns 400 shares of the restaurant operator’s stock valued at $26,000 after purchasing an additional 200 shares during the period. Farther Finance Advisors LLC increased its stake in shares of Restaurant Brands International by 79.4% during the third 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 raised its position in Restaurant Brands International by 213.6% in the fourth quarter. Venturi Wealth Management LLC now owns 461 shares of the restaurant operator’s stock worth $30,000 after acquiring an additional 314 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Restaurant Brands International during the 4th quarter worth $32,000. Finally, IFP Advisors Inc increased 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 purchasing an additional 412 shares in the last quarter. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on QSR shares. Jefferies Financial Group dropped 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. Barclays reduced their price target on Restaurant Brands International from $83.00 to $80.00 and set an “overweight” rating on the stock in a report on Thursday, February 13th. Stifel Nicolaus dropped 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. 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. Finally, TD Cowen lowered shares of Restaurant Brands International from a “buy” rating to a “hold” rating and set a $70.00 price target on the stock. in a research report on Friday, February 14th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Restaurant Brands International presently has an average rating of “Hold” and a consensus price target of $77.96.

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.