Restaurant Brands International Inc. (NYSE:QSR) CEO Joshua Kobza Sells 93,619 Shares

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) CEO Joshua Kobza sold 93,619 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $62.35, for a total value of $5,837,144.65. Following the sale, the chief executive officer now owns 848,578 shares in the company, valued at $52,908,838.30. This trade represents a 9.94 % decrease in their position. The transaction 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 Tuesday, February 25th, Joshua Kobza sold 72,720 shares of Restaurant Brands International stock. The stock was sold at an average price of $64.38, for a total value of $4,681,713.60.
• 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 Stock Performance

Restaurant Brands International stock opened at $65.25 on Friday. Restaurant Brands International Inc. has a 12-month low of $59.67 and a 12-month high of $83.29. 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 price-to-earnings ratio of 20.52, a price-to-earnings-growth ratio of 1.77 and a beta of 0.93. The firm’s fifty day moving average price is $63.47 and its 200 day moving average price is $67.63.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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, research analysts forecast that Restaurant Brands International Inc. will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 21st will be given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.80%. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.58. The ex-dividend date is Friday, March 21st. Restaurant Brands International’s dividend payout ratio is presently 77.99%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on QSR. KeyCorp decreased their target price on shares of Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 6th. Citigroup lifted their price target on shares of Restaurant Brands International from $65.00 to $67.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Barclays lowered their price objective on shares of Restaurant Brands International from $83.00 to $80.00 and set an “overweight” rating for the company in a research note on Thursday, February 13th. Guggenheim raised Restaurant Brands International from a “neutral” rating to a “buy” rating and cut their target price for the stock from $74.00 to $71.00 in a research report on Friday, January 24th. Finally, TD Cowen downgraded Restaurant Brands International from a “buy” rating to a “hold” rating and set a $70.00 price target for the company. in a research report on Friday, February 14th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Restaurant Brands International has a consensus rating of “Hold” and an average price target of $77.96.

Hedge Funds Weigh In On Restaurant Brands International

Several institutional investors and hedge funds have recently made changes to their positions in the business. Summerhill Capital Management lnc. acquired a new stake in Restaurant Brands International in the fourth quarter valued at $841,000. Baskin Financial Services Inc. increased its position in shares of Restaurant Brands International by 2.8% in the 4th quarter. Baskin Financial Services Inc. now owns 332,594 shares of the restaurant operator’s stock worth $21,664,000 after purchasing an additional 9,208 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Restaurant Brands International by 10.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,379,847 shares of the restaurant operator’s stock valued at $101,085,000 after purchasing an additional 126,600 shares in the last quarter. Alberta Investment Management Corp lifted its position in shares of Restaurant Brands International by 0.7% during the fourth quarter. Alberta Investment Management Corp now owns 914,500 shares of the restaurant operator’s stock worth $59,574,000 after purchasing an additional 6,000 shares during the last quarter. Finally, Partners Capital Investment Group LLP acquired a new position in Restaurant Brands International in the fourth quarter worth about $4,969,000. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

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.