Restaurant Brands International Inc (TSE:QSR) (NYSE:QSR) insider José E. Cil sold 38,480 shares of the firm’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of C$65.00, for a total transaction of C$2,501,200.00.
Shares of Restaurant Brands International Inc (TSE QSR) opened at C$80.93 on Thursday. Restaurant Brands International Inc has a fifty-two week low of C$58.87 and a fifty-two week high of C$88.36.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Friday, December 15th will be issued a $0.262 dividend. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.20. This represents a $1.05 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date is Thursday, December 14th. Restaurant Brands International’s payout ratio is currently 79.57%.
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A number of analysts have issued reports on QSR shares. Royal Bank Of Canada lifted their price target on shares of Restaurant Brands International to C$97.00 and gave the company an “outperform” rating in a report on Monday, October 23rd. CSFB upgraded shares of Restaurant Brands International from a “neutral” rating to an “outperform” rating in a report on Thursday, September 7th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of C$81.25.
About Restaurant Brands International
Restaurant Brands International Inc is a quick service restaurant (QSR) company. The Company had over 20,000 restaurants in more than 100 countries and the United States territories, as of December 31, 2016. It operates through two segments: Tim Hortons (TH) and Burger King (BK). Tim Hortons restaurants are quick service restaurants with a menu that includes blend coffee, tea, espresso-based hot and cold specialty drinks, baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps and soups, among others.
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