Jeffrey Housman Sells 14,593 Shares of Restaurant Brands International Inc. (NYSE:QSR) Stock

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) insider Jeffrey Housman sold 14,593 shares of the business’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $64.38, for a total transaction of $939,497.34. Following the completion of the sale, the insider now directly owns 142,986 shares of the company’s stock, valued at approximately $9,205,438.68. This trade represents a 9.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Restaurant Brands International Price Performance

NYSE:QSR traded up $1.55 during trading hours on Thursday, hitting $65.25. The company’s stock had a trading volume of 1,652,394 shares, compared to its average volume of 2,251,881. Restaurant Brands International Inc. has a 52-week low of $59.67 and a 52-week high of $83.29. 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 business’s 50-day moving average is $63.48 and its two-hundred day moving average is $67.65. The company 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 announced its quarterly 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 net margin of 12.15% and a return on equity of 28.53%. As a group, research analysts anticipate that Restaurant Brands International Inc. will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Increases Dividend

The business also recently declared 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. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.80%. This is an increase 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 (DPR) is presently 77.99%.

Analyst Upgrades and Downgrades

QSR has been the subject of several research reports. Argus downgraded Restaurant Brands International from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. Morgan Stanley reduced their price objective on Restaurant Brands International from $81.00 to $73.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 21st. Evercore ISI decreased their price objective on Restaurant Brands International from $93.00 to $90.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. CIBC cut their target price 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. Finally, TD Cowen downgraded shares of 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 assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $77.96.

Institutional Investors Weigh In On Restaurant Brands International

A number of institutional investors and hedge funds have recently modified their holdings of the company. Blue Trust Inc. raised its holdings in Restaurant Brands International by 123.9% during the third quarter. Blue Trust Inc. now owns 1,388 shares of the restaurant operator’s stock worth $98,000 after purchasing an additional 768 shares during the last quarter. Private Advisor Group LLC purchased a new position in shares of Restaurant Brands International in the third quarter valued at $257,000. International Assets Investment Management LLC acquired a new position in shares of Restaurant Brands International during the 3rd quarter worth $4,596,000. Assenagon Asset Management S.A. boosted its position in shares of Restaurant Brands International by 379.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 22,575 shares of the restaurant operator’s stock worth $1,628,000 after buying an additional 17,868 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its stake in Restaurant Brands International by 38.7% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 4,297 shares of the restaurant operator’s stock valued at $310,000 after acquiring an additional 1,198 shares during the last quarter. Institutional investors and hedge funds own 82.29% of the company’s stock.

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.