Restaurant Brands International Inc. (NYSE:QSR) CEO Sells $4,681,713.60 in Stock

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) CEO Joshua Kobza sold 72,720 shares of the company’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $64.38, for a total value of $4,681,713.60. Following the completion of the transaction, the chief executive officer now directly owns 961,295 shares in the company, valued at approximately $61,888,172.10. The trade was a 7.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Joshua Kobza also recently made the following trade(s):

• On Friday, February 21st, Joshua Kobza sold 93,619 shares of Restaurant Brands International stock. The stock was sold at an average price of $62.35, for a total value of $5,837,144.65.
• On Monday, January 6th, Joshua Kobza sold 12,420 shares of Restaurant Brands International stock. The shares were sold at an average price of $64.20, for a total value of $797,364.00.

Restaurant Brands International Price Performance

Restaurant Brands International stock opened at $65.24 on Friday. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.02 and a quick ratio of 0.94. The company has a market capitalization of $21.17 billion, a PE ratio of 20.52, a price-to-earnings-growth ratio of 1.77 and a beta of 0.93. Restaurant Brands International Inc. has a one year low of $59.67 and a one year high of $83.29. The business has a 50 day simple moving average of $63.44 and a 200 day simple moving average of $67.58.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted 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%. On average, sell-side analysts forecast that Restaurant Brands International Inc. will post 3.72 EPS 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 paid a $0.62 dividend. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.58. This represents a $2.48 annualized dividend and a dividend yield of 3.80%. The ex-dividend date of this dividend is Friday, March 21st. Restaurant Brands International’s dividend payout ratio (DPR) is 77.99%.

Analysts Set New Price Targets

QSR has been the topic of a number of analyst reports. TD Securities reissued a “hold” rating and set a $70.00 price objective on shares of Restaurant Brands International in a report on Tuesday, February 25th. Barclays lowered their price objective 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. Wells Fargo & Company lowered their price objective on Restaurant Brands International from $72.00 to $69.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 8th. Morgan Stanley lowered their price objective on Restaurant Brands International from $81.00 to $73.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. Finally, Citigroup increased their price objective on Restaurant Brands International from $65.00 to $67.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, Restaurant Brands International currently has a consensus rating of “Hold” and an average target price of $77.33.

Institutional Investors Weigh In On Restaurant Brands International

Several hedge funds and other institutional investors have recently made changes to their positions in QSR. Norges Bank acquired a new stake in shares of Restaurant Brands International in the 4th quarter valued at $264,813,000. Meritage Group LP increased its stake in shares of Restaurant Brands International by 5,795.9% in the 4th quarter. Meritage Group LP now owns 3,301,689 shares of the restaurant operator’s stock valued at $215,204,000 after buying an additional 3,245,689 shares during the period. Baupost Group LLC MA increased its stake in shares of Restaurant Brands International by 10,155.5% in the 4th quarter. Baupost Group LLC MA now owns 2,901,700 shares of the restaurant operator’s stock valued at $189,133,000 after buying an additional 2,873,406 shares during the period. EdgePoint Investment Group Inc. increased its stake in shares of Restaurant Brands International by 26.6% in the 4th quarter. EdgePoint Investment Group Inc. now owns 12,819,570 shares of the restaurant operator’s stock valued at $834,478,000 after buying an additional 2,695,071 shares during the period. Finally, National Bank of Canada FI increased its stake in shares of Restaurant Brands International by 68.6% in the 3rd quarter. National Bank of Canada FI now owns 3,181,459 shares of the restaurant operator’s stock valued at $229,545,000 after buying an additional 1,294,185 shares during the period. 82.29% of the stock is owned by institutional investors and hedge funds.

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.