Restaurant Brands International (NYSE:QSR) Cut to Hold at Argus

Argus cut shares of Restaurant Brands International (NYSE:QSR) (TSE:QSR) from a buy rating to a hold rating in a report published on Thursday, Marketbeat Ratings reports.

QSR has been the subject of several other reports. Oppenheimer decreased their price objective on shares of Restaurant Brands International from $86.00 to $77.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. KeyCorp lowered 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. Bank of America upped their price objective on Restaurant Brands International from $76.00 to $77.00 and gave the company an “underperform” rating in a research report on Tuesday, October 22nd. Jefferies Financial Group dropped their target price on Restaurant Brands International from $73.00 to $67.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 30th. Finally, Morgan Stanley reduced their price target on shares of Restaurant Brands International from $81.00 to $73.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $77.96.

Restaurant Brands International Stock Performance

Shares of QSR opened at $64.53 on Thursday. The business’s fifty day simple moving average is $64.24 and its two-hundred day simple moving average is $68.04. 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 has a 12 month low of $59.67 and a 12 month high of $83.29. The company has a market cap of $20.94 billion, a price-to-earnings ratio of 16.17, a P/E/G ratio of 2.17 and a beta of 0.93.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings data on Wednesday, February 12th. The restaurant operator reported $0.81 EPS for the quarter, missing the consensus estimate of $1.10 by ($0.29). Restaurant Brands International had a return on equity of 28.25% and a net margin of 16.01%. Research analysts anticipate that Restaurant Brands International will post 3.3 earnings per share for the current fiscal year.

Restaurant Brands International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 21st will be issued a dividend of $0.62 per share. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.58. This represents a $2.48 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date is Friday, March 21st. Restaurant Brands International’s dividend payout ratio (DPR) is 58.15%.

Insider Transactions at Restaurant Brands International

In other news, insider Thiago T. Santelmo sold 3,511 shares of Restaurant Brands International stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $64.20, for a total value of $225,406.20. Following the sale, the insider now directly owns 32,937 shares of the company’s stock, valued at approximately $2,114,555.40. The trade was a 9.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jill Granat sold 10,613 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $70.41, for a total value of $747,261.33. Following the transaction, the insider now directly owns 388,759 shares of the company’s stock, valued at approximately $27,372,521.19. The trade was a 2.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 113,510 shares of company stock valued at $7,774,020. 1.36% of the stock is currently owned by corporate insiders.

Institutional Trading of Restaurant Brands International

Hedge funds have recently modified their holdings of the company. Farther Finance Advisors LLC increased its position in Restaurant Brands International by 79.4% in the third quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 185 shares during the last quarter. Venturi Wealth Management LLC grew its stake in shares of Restaurant Brands International by 213.6% in the 4th quarter. Venturi Wealth Management LLC now owns 461 shares of the restaurant operator’s stock worth $30,000 after buying an additional 314 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Restaurant Brands International in the 4th quarter worth $32,000. IFP Advisors Inc increased its holdings in shares of Restaurant Brands International by 183.9% in the 4th quarter. IFP Advisors Inc now owns 636 shares of the restaurant operator’s stock worth $41,000 after buying an additional 412 shares during the last quarter. Finally, Plato Investment Management Ltd purchased a new stake in shares of Restaurant Brands International during the 3rd quarter valued at about $61,000. 82.29% of the stock is owned by hedge funds and other institutional investors.

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.