Peter Perdue Sells 907 Shares of Restaurant Brands International (NYSE:QSR) Stock

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) insider Peter Perdue sold 907 shares of the company’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $70.87, for a total value of $64,279.09. Following the sale, the insider owned 35,408 shares of the company’s stock, valued at approximately $2,509,364.96. The trade was a 2.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Peter Perdue also recently made the following trade(s):

• On Monday, December 15th, Peter Perdue sold 907 shares of Restaurant Brands International stock. The stock was sold at an average price of $70.87, for a total value of $64,279.09.

Restaurant Brands International Price Performance

QSR traded down $0.35 on Wednesday, hitting $70.12. 2,714,072 shares of the stock were exchanged, compared to its average volume of 2,572,145. The firm has a market capitalization of $22.99 billion, a price-to-earnings ratio of 24.95, a PEG ratio of 2.82 and a beta of 0.60. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.06 and a quick ratio of 0.98. Restaurant Brands International Inc. has a 12 month low of $58.71 and a 12 month high of $73.70. The business has a 50-day moving average of $69.00 and a two-hundred day moving average of $67.30.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its earnings results on Thursday, October 30th. The restaurant operator reported $1.03 EPS for the quarter, beating the consensus estimate of $1.00 by $0.03. Restaurant Brands International had a net margin of 9.95% and a return on equity of 32.43%. The company had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $2.39 billion. During the same period in the previous year, the company earned $0.93 EPS. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. Sell-side analysts forecast that Restaurant Brands International Inc. will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Tuesday, December 23rd will be paid a $0.62 dividend. The ex-dividend date is Tuesday, December 23rd. This represents a $2.48 annualized dividend and a dividend yield of 3.5%. Restaurant Brands International’s dividend payout ratio (DPR) is presently 88.26%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on QSR shares. Northcoast Research cut shares of Restaurant Brands International from a “buy” rating to a “neutral” rating in a research report on Friday, September 12th. Argus upgraded Restaurant Brands International from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a research report on Tuesday, December 2nd. Robert W. Baird lifted their price target on Restaurant Brands International from $68.00 to $72.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. Royal Bank Of Canada restated an “outperform” rating and set a $82.00 price target on shares of Restaurant Brands International in a report on Tuesday, December 9th. Finally, Morgan Stanley set a $77.00 price objective on shares of Restaurant Brands International in a report on Tuesday, October 21st. Ten investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Restaurant Brands International presently has a consensus rating of “Hold” and a consensus target price of $75.45.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its holdings in Restaurant Brands International by 16.7% in the first quarter. Royal Bank of Canada now owns 22,626,635 shares of the restaurant operator’s stock valued at $1,507,839,000 after buying an additional 3,230,735 shares during the period. Vanguard Group Inc. boosted its position in shares of Restaurant Brands International by 2.2% during the 3rd quarter. Vanguard Group Inc. now owns 15,639,519 shares of the restaurant operator’s stock valued at $1,003,301,000 after purchasing an additional 335,793 shares in the last quarter. EdgePoint Investment Group Inc. grew its stake in Restaurant Brands International by 15.4% during the third quarter. EdgePoint Investment Group Inc. now owns 14,903,208 shares of the restaurant operator’s stock worth $955,855,000 after purchasing an additional 1,983,354 shares during the period. Baupost Group LLC MA lifted its stake in Restaurant Brands International by 103.8% in the third quarter. Baupost Group LLC MA now owns 8,252,862 shares of the restaurant operator’s stock valued at $529,337,000 after buying an additional 4,203,300 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Restaurant Brands International by 0.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,108,527 shares of the restaurant operator’s stock worth $540,352,000 after buying an additional 47,192 shares in the last quarter. Institutional investors own 82.29% of the company’s stock.

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.