Insider Selling: Restaurant Brands International Inc. (NYSE:QSR) Insider Sells $1,005,450.00 in Stock

Restaurant Brands International Inc. (NYSE:QSRGet Rating) (TSE:QSR) insider Sami A. Siddiqui sold 15,000 shares of the company’s stock in a transaction dated Friday, November 18th. The stock was sold at an average price of $67.03, for a total transaction of $1,005,450.00. Following the sale, the insider now directly owns 125,860 shares of the company’s stock, valued at approximately $8,436,395.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Restaurant Brands International Stock Performance

NYSE:QSR opened at $66.68 on Friday. The company has a market capitalization of $20.42 billion, a PE ratio of 21.58, a P/E/G ratio of 1.92 and a beta of 0.95. The company has a 50 day simple moving average of $58.04 and a two-hundred day simple moving average of $55.33. The company has a debt-to-equity ratio of 3.26, a quick ratio of 0.93 and a current ratio of 1.00. Restaurant Brands International Inc. has a fifty-two week low of $46.68 and a fifty-two week high of $68.54.

Restaurant Brands International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 4th. Shareholders of record on Wednesday, December 21st will be given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date of this dividend is Tuesday, December 20th. Restaurant Brands International’s dividend payout ratio is presently 69.90%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. StockNews.com raised shares of Restaurant Brands International from a “hold” rating to a “buy” rating in a report on Tuesday, October 25th. Royal Bank of Canada increased their target price on shares of Restaurant Brands International from $70.00 to $80.00 and gave the stock an “outperform” rating in a report on Tuesday. Cowen increased their target price on shares of Restaurant Brands International from $58.00 to $63.00 and gave the stock a “market perform” rating in a report on Friday, November 4th. TheStreet raised shares of Restaurant Brands International from a “c+” rating to a “b” rating in a report on Tuesday, August 16th. Finally, OTR Global raised shares of Restaurant Brands International from a “mixed” rating to a “positive” rating in a report on Monday, October 10th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $64.95.

Institutional Trading of Restaurant Brands International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in QSR. Bank of Montreal Can increased its position in Restaurant Brands International by 37.6% during the 2nd quarter. Bank of Montreal Can now owns 7,202,415 shares of the restaurant operator’s stock valued at $451,065,000 after purchasing an additional 1,966,508 shares during the period. Point72 Asset Management L.P. acquired a new stake in shares of Restaurant Brands International during the 3rd quarter worth approximately $76,003,000. Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of Restaurant Brands International by 17,537.1% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,248,000 shares of the restaurant operator’s stock worth $62,599,000 after buying an additional 1,240,924 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Restaurant Brands International by 119.5% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,179,037 shares of the restaurant operator’s stock worth $109,301,000 after buying an additional 1,186,355 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec acquired a new stake in shares of Restaurant Brands International during the 3rd quarter worth approximately $48,487,000. Institutional investors and hedge funds own 78.50% of the company’s stock.

Restaurant Brands International Company Profile

(Get Rating)

Restaurant Brands International Inc operates as quick service restaurant company in Canada 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 others.

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Insider Buying and Selling by Quarter for Restaurant Brands International (NYSE:QSR)

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