Thiago Santelmo Sells 1,996 Shares of Restaurant Brands International (NYSE:QSR) Stock

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) insider Thiago Santelmo sold 1,996 shares of the stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $70.87, for a total transaction of $141,456.52. Following the sale, the insider directly owned 60,786 shares in the company, valued at approximately $4,307,903.82. This represents a 3.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Restaurant Brands International Price Performance

Shares of NYSE QSR traded down $0.35 during trading on Wednesday, reaching $70.12. The company had a trading volume of 2,714,072 shares, compared to its average volume of 2,572,145. Restaurant Brands International Inc. has a 52 week low of $58.71 and a 52 week high of $73.70. The business’s 50 day moving average price is $69.00 and its 200-day moving average price is $67.30. The stock has a market cap of $22.99 billion, a PE 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 quick ratio of 0.98 and a current ratio of 1.06.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings results on Thursday, October 30th. The restaurant operator reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $2.45 billion during the quarter, compared to analyst estimates of $2.39 billion. During the same quarter last year, the business posted $0.93 earnings per share. Restaurant Brands International’s revenue for the quarter was up 6.9% compared to the same quarter last year. Analysts expect that Restaurant Brands International Inc. will post 3.72 earnings per share for the current year.

Restaurant Brands International Dividend Announcement

The company also recently announced 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. This represents a $2.48 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Tuesday, December 23rd. Restaurant Brands International’s dividend payout ratio (DPR) is 88.26%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Nuveen LLC acquired a new stake in Restaurant Brands International in the first quarter worth $16,093,000. Public Sector Pension Investment Board increased its position in shares of Restaurant Brands International by 1.0% in the 1st quarter. Public Sector Pension Investment Board now owns 31,345 shares of the restaurant operator’s stock valued at $2,089,000 after buying an additional 300 shares in the last quarter. American Century Companies Inc. raised its stake in Restaurant Brands International by 26.8% during the 1st quarter. American Century Companies Inc. now owns 54,964 shares of the restaurant operator’s stock worth $3,664,000 after buying an additional 11,606 shares during the period. Cresset Asset Management LLC raised its stake in Restaurant Brands International by 15.6% during the 1st quarter. Cresset Asset Management LLC now owns 5,040 shares of the restaurant operator’s stock worth $339,000 after buying an additional 682 shares during the period. Finally, Raymond James Financial Inc. lifted its holdings in Restaurant Brands International by 90.9% during the first quarter. Raymond James Financial Inc. now owns 563,747 shares of the restaurant operator’s stock worth $37,568,000 after acquiring an additional 268,511 shares in the last quarter. Institutional investors and hedge funds own 82.29% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on QSR. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Restaurant Brands International in a research note on Wednesday, October 8th. Argus raised Restaurant Brands International from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a report on Tuesday, December 2nd. Northcoast Research lowered shares of Restaurant Brands International from a “buy” rating to a “neutral” rating in a research note on Friday, September 12th. Citigroup lifted their price target on shares of Restaurant Brands International from $72.00 to $74.00 and gave the stock a “neutral” rating in a research report on Thursday, October 16th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $82.00 price objective on shares of Restaurant Brands International in a report on Tuesday, December 9th. Ten equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $75.45.

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.