Restaurant Brands International (NYSE:QSR) Insider Axel Schwan Sells 57,574 Shares of Stock

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) insider Axel Schwan sold 57,574 shares of the stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $81.14, for a total transaction of $4,671,554.36. Following the completion of the sale, the insider owned 209,908 shares of the company’s stock, valued at approximately $17,031,935.12. This trade represents a 21.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Restaurant Brands International Price Performance

Shares of NYSE QSR opened at $77.09 on Thursday. The company has a market capitalization of $26.88 billion, a PE ratio of 20.72, a PEG ratio of 2.18 and a beta of 0.51. The company has a quick ratio of 0.92, a current ratio of 1.01 and a debt-to-equity ratio of 2.49. The stock’s 50 day moving average price is $76.03 and its 200-day moving average price is $75.25. Restaurant Brands International Inc. has a twelve month low of $61.44 and a twelve month high of $81.96.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings results on Thursday, August 6th. The restaurant operator reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.03. The company had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.52 billion. Restaurant Brands International had a return on equity of 33.43% and a net margin of 13.12%.Restaurant Brands International’s revenue was up 4.6% on a year-over-year basis. During the same period last year, the business posted $0.94 earnings per share. On average, equities analysts anticipate that Restaurant Brands International Inc. will post 4.04 EPS for the current year.

Restaurant Brands International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 18th will be given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Friday, September 18th. Restaurant Brands International’s dividend payout ratio (DPR) is 69.89%.

Institutional Investors Weigh In On Restaurant Brands International

Hedge funds have recently bought and sold shares of the stock. Baupost Group LLC MA raised its position in shares of Restaurant Brands International by 103.8% during the 3rd 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 in the last quarter. Platinum Paramount Investment LTD. bought a new stake in shares of Restaurant Brands International during the 4th quarter worth $281,033,000. Norges Bank purchased a new position in Restaurant Brands International in the fourth quarter worth $260,709,000. Capital World Investors increased its stake in Restaurant Brands International by 7.7% in the fourth quarter. Capital World Investors now owns 43,525,570 shares of the restaurant operator’s stock valued at $2,969,819,000 after acquiring an additional 3,095,167 shares during the last quarter. Finally, State Street Corp raised its position in Restaurant Brands International by 9,477.4% during the second quarter. State Street Corp now owns 2,997,344 shares of the restaurant operator’s stock valued at $198,711,000 after purchasing an additional 2,966,048 shares in the last quarter. 82.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the stock. TD Cowen increased their target price on shares of Restaurant Brands International from $79.00 to $80.00 and gave the stock a “hold” rating in a research note on Thursday, July 9th. Guggenheim boosted their price target on shares of Restaurant Brands International from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Scotiabank decreased their price target on shares of Restaurant Brands International from $83.00 to $81.00 and set a “sector perform” rating on the stock in a report on Friday, August 7th. Morgan Stanley increased their price objective on Restaurant Brands International from $78.00 to $79.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 15th. Finally, Scotia dropped their price objective on Restaurant Brands International from $83.00 to $81.00 and set a “sector perform” rating for the company in a research note on Friday, August 7th. Sixteen analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Restaurant Brands International has an average rating of “Moderate Buy” and a consensus price target of $84.00.

Restaurant Brands International Company Profile

Restaurant Brands International Inc (NYSE: QSR) is a global quick-service restaurant company that owns and operates a portfolio of well-known restaurant brands. Its principal brands are Burger King, Tim Hortons, Popeyes and Firehouse Subs, which serve products including hamburgers, chicken, sandwiches, coffee, baked goods and other prepared foods.

RBI primarily operates through a franchise-based business model, supporting independently owned and operated restaurants through brand management, restaurant development, marketing and supply-chain programs.