Restaurant Brands International (NYSE:QSR) Trading Up 3% – Here’s What Happened

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) shares rose 3% on Monday . The company traded as high as $66.74 and last traded at $66.45. Approximately 358,827 shares were traded during trading, a decline of 80% from the average daily volume of 1,769,762 shares. The stock had previously closed at $64.52.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on QSR shares. CIBC cut their price objective on shares of Restaurant Brands International from $86.00 to $78.00 and set an “outperform” rating on the stock in a report on Thursday, February 13th. Truist Financial dropped their target price on Restaurant Brands International from $85.00 to $83.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. JPMorgan Chase & Co. lowered their price objective on Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating for the company in a research note on Thursday, March 20th. Argus upgraded Restaurant Brands International from a “hold” rating to a “buy” rating in a report on Wednesday, March 19th. Finally, Citigroup increased their target price on Restaurant Brands International from $65.00 to $67.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $77.08.

Restaurant Brands International Stock Up 3.7 %

The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 2.75. The firm’s 50-day moving average price is $64.88 and its 200 day moving average price is $67.22. The firm has a market cap of $21.90 billion, a P/E ratio of 21.04, a price-to-earnings-growth ratio of 1.77 and a beta of 0.95.

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%. As a group, research analysts expect that Restaurant Brands International Inc. will post 3.72 earnings per share for the current year.

Restaurant Brands International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 21st will be given 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 yield of 3.71%. The ex-dividend date of this dividend is Friday, March 21st. Restaurant Brands International’s dividend payout ratio (DPR) is currently 77.99%.

Insider Buying and Selling at Restaurant Brands International

In related news, insider Thiago T. Santelmo sold 3,511 shares of Restaurant Brands International stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $64.20, for a total transaction of $225,406.20. Following the sale, the insider now directly owns 32,937 shares in the company, valued at $2,114,555.40. The trade was a 9.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Joshua Kobza sold 12,420 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $64.20, for a total transaction of $797,364.00. Following the completion of the transaction, the chief executive officer now owns 703,445 shares of the company’s stock, valued at $45,161,169. This represents a 1.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 300,226 shares of company stock valued at $19,121,223 in the last quarter. Corporate insiders own 1.36% of the company’s stock.

Institutional Investors Weigh In On Restaurant Brands International

Institutional investors have recently added to or reduced their stakes in the company. Dunhill Financial LLC raised its stake in shares of Restaurant Brands International by 100.0% in the 4th quarter. Dunhill Financial LLC now owns 400 shares of the restaurant operator’s stock worth $26,000 after buying an additional 200 shares in the last quarter. 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 stake in Restaurant Brands International in the 4th quarter valued at about $32,000. IFP Advisors Inc lifted its holdings in 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 acquiring an additional 412 shares during the last quarter. Finally, Physician Wealth Advisors Inc. bought a new position in shares of Restaurant Brands International during the 4th quarter valued at about $60,000. 82.29% of the stock is currently owned by institutional investors and hedge funds.

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.