Insider Selling: Restaurant Brands International (NYSE:QSR) CFO Sells $866,018.28 in Stock

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) CFO Sami Siddiqui sold 12,828 shares of Restaurant Brands International stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $67.51, for a total value of $866,018.28. Following the transaction, the chief financial officer owned 31,923 shares in the company, valued at approximately $2,155,121.73. The trade was a 28.67% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Restaurant Brands International Trading Up 3.4%

Shares of QSR stock opened at $69.92 on Friday. The company’s 50-day moving average price is $68.56 and its 200-day moving average price is $67.47. Restaurant Brands International Inc. has a twelve month low of $58.71 and a twelve month high of $73.70. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 2.62. The stock has a market cap of $24.23 billion, a price-to-earnings ratio of 29.63, a PEG ratio of 2.06 and a beta of 0.58.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings results on Thursday, February 12th. The restaurant operator reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. The business had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.41 billion. Restaurant Brands International had a net margin of 8.23% and a return on equity of 32.51%. The business’s revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.81 EPS. As a group, equities analysts predict that Restaurant Brands International Inc. will post 3.72 earnings per share for the current year.

Restaurant Brands International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Thursday, March 19th will be paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 3.7%. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Thursday, March 19th. Restaurant Brands International’s payout ratio is 105.08%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Capital World Investors grew its holdings in shares of Restaurant Brands International by 7.7% in the 4th quarter. Capital World Investors now owns 43,525,570 shares of the restaurant operator’s stock worth $2,969,819,000 after acquiring an additional 3,095,167 shares during the period. EdgePoint Investment Group Inc. boosted its position in Restaurant Brands International by 11.7% during the fourth quarter. EdgePoint Investment Group Inc. now owns 16,645,003 shares of the restaurant operator’s stock worth $1,135,844,000 after purchasing an additional 1,741,795 shares in the last quarter. Vanguard Group Inc. boosted its position in Restaurant Brands International by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 15,983,585 shares of the restaurant operator’s stock worth $1,090,684,000 after purchasing an additional 344,066 shares in the last quarter. Morgan Stanley grew its holdings in Restaurant Brands International by 24.2% in the fourth quarter. Morgan Stanley now owns 8,429,121 shares of the restaurant operator’s stock valued at $575,119,000 after purchasing an additional 1,641,870 shares during the last quarter. Finally, Baupost Group LLC MA increased its position in shares of 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 in the last quarter. 82.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

QSR has been the subject of a number of research analyst reports. Oppenheimer restated an “outperform” rating and set a $80.00 target price on shares of Restaurant Brands International in a report on Tuesday, November 25th. Sanford C. Bernstein set a $82.00 target price on Restaurant Brands International in a report on Friday, February 13th. BMO Capital Markets cut their price objective on shares of Restaurant Brands International from $83.00 to $81.00 and set an “outperform” rating on the stock in a report on Friday, February 13th. Royal Bank Of Canada cut their price target on Restaurant Brands International from $82.00 to $80.00 and set an “outperform” rating on the stock in a research report on Friday, February 13th. Finally, Barclays lowered their price target on Restaurant Brands International from $86.00 to $82.00 and set an “overweight” rating on the stock in a report on Friday, February 13th. Twelve analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $76.65.

About Restaurant Brands International

Restaurant Brands International Inc (NYSE: QSR) is a global quick-service restaurant company formed through the combination of established brands. The company’s principal holdings include Burger King, Tim Hortons and Popeyes, each of which operates under its own brand identity and menu. Restaurant Brands International’s business is centered on developing and expanding these franchised restaurant systems, supporting franchisees with brand management, supply chain coordination, and marketing programs.

RBI’s restaurants offer a range of quick-service food and beverage products: Burger King is known for its flame-grilled hamburgers and sandwiches, Tim Hortons for coffee, baked goods and breakfast items, and Popeyes for Louisiana-style fried chicken and seafood.