Insider Selling: Restaurant Brands International Inc. (NYSE:QSR) CFO Sells 5,579 Shares of Stock

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) CFO Sami A. Siddiqui sold 5,579 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $64.20, for a total transaction of $358,171.80. Following the completion of the sale, the chief financial officer now directly owns 27,266 shares in the company, valued at approximately $1,750,477.20. This represents a 16.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Restaurant Brands International Stock Performance

Shares of Restaurant Brands International stock opened at $62.54 on Thursday. The business’s fifty day simple moving average is $67.85 and its 200 day simple moving average is $69.56. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75. Restaurant Brands International Inc. has a 12 month low of $62.19 and a 12 month high of $83.29. The firm has a market capitalization of $20.25 billion, a P/E ratio of 15.67, a price-to-earnings-growth ratio of 2.27 and a beta of 0.94.

Restaurant Brands International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 20th were issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date of this dividend was Friday, December 20th. Restaurant Brands International’s dividend payout ratio (DPR) is currently 58.15%.

Institutional Trading of Restaurant Brands International

A number of large investors have recently added to or reduced their stakes in QSR. D1 Capital Partners L.P. purchased a new position in Restaurant Brands International in the second quarter valued at about $200,097,000. National Bank of Canada FI lifted its stake in Restaurant Brands International by 68.6% in the third quarter. National Bank of Canada FI now owns 3,181,459 shares of the restaurant operator’s stock valued at $229,545,000 after purchasing an additional 1,294,185 shares during the last quarter. Holocene Advisors LP bought a new position in Restaurant Brands International during the third quarter valued at $89,790,000. Point72 Asset Management L.P. increased its position in Restaurant Brands International by 282.6% in the third quarter. Point72 Asset Management L.P. now owns 1,465,709 shares of the restaurant operator’s stock worth $105,707,000 after buying an additional 1,082,622 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its stake in shares of Restaurant Brands International by 31.4% in the second quarter. Canada Pension Plan Investment Board now owns 3,490,157 shares of the restaurant operator’s stock valued at $245,881,000 after buying an additional 835,000 shares during the period. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on QSR. Royal Bank of Canada cut their price target on shares of Restaurant Brands International from $95.00 to $90.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. KeyCorp cut their price target on Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating on the stock in a report on Wednesday, November 6th. Argus lowered their price objective on shares of Restaurant Brands International from $85.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. TD Cowen cut their target price on shares of Restaurant Brands International from $82.00 to $80.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. Finally, JPMorgan Chase & Co. raised their price target on shares of Restaurant Brands International from $80.00 to $84.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, Restaurant Brands International has a consensus rating of “Moderate Buy” and an average target price of $81.62.

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.