Jeffrey Housman Sells 20,000 Shares of Restaurant Brands International (NYSE:QSR) Stock

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) insider Jeffrey Housman sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of $73.48, for a total value of $1,469,600.00. Following the completion of the transaction, the insider directly owned 162,077 shares in the company, valued at approximately $11,909,417.96. The trade was a 10.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Jeffrey Housman also recently made the following trade(s):

• On Monday, February 23rd, Jeffrey Housman sold 7,705 shares of Restaurant Brands International stock. The stock was sold at an average price of $67.51, for a total transaction of $520,164.55.
• On Wednesday, January 7th, Jeffrey Housman sold 1,483 shares of Restaurant Brands International stock. The stock was sold at an average price of $67.44, for a total transaction of $100,013.52.

Restaurant Brands International Stock Down 0.5%

NYSE QSR traded down $0.36 during trading hours on Friday, reaching $73.77. 6,428,977 shares of the company traded hands, compared to its average volume of 3,473,125. Restaurant Brands International Inc. has a 12 month low of $58.71 and a 12 month high of $75.57. The company has a current ratio of 0.98, a quick ratio of 0.91 and a debt-to-equity ratio of 2.62. The stock has a market capitalization of $25.61 billion, a PE ratio of 31.26, a PEG ratio of 2.11 and a beta of 0.56. The company has a 50 day moving average of $69.84 and a two-hundred day moving average of $68.38.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its earnings results on Thursday, February 12th. The restaurant operator reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.03. The company 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 company’s revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.81 EPS. As a group, equities analysts expect that Restaurant Brands International Inc. will post 3.72 earnings per share for the current year.

Restaurant Brands International Increases Dividend

The company also recently disclosed 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. The ex-dividend date is Thursday, March 19th. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.62. This represents a $2.60 annualized dividend and a yield of 3.5%. Restaurant Brands International’s payout ratio is currently 110.17%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC acquired a new position in shares of Restaurant Brands International during the first quarter valued at $237,000. Savant Capital LLC acquired a new stake in shares of Restaurant Brands International in the 2nd quarter worth about $217,000. Cetera Investment Advisers lifted its position in Restaurant Brands International by 1.8% in the 2nd quarter. Cetera Investment Advisers now owns 40,618 shares of the restaurant operator’s stock valued at $2,693,000 after purchasing an additional 707 shares during the last quarter. Vanguard Group Inc. lifted its position in Restaurant Brands International by 8.0% in the 2nd quarter. Vanguard Group Inc. now owns 15,303,726 shares of the restaurant operator’s stock valued at $1,015,137,000 after purchasing an additional 1,134,665 shares during the last quarter. Finally, Cumberland Partners Ltd boosted its stake in Restaurant Brands International by 46.2% during the 2nd quarter. Cumberland Partners Ltd now owns 5,700 shares of the restaurant operator’s stock valued at $377,000 after purchasing an additional 1,800 shares during the period. 82.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on QSR. Barclays lowered their price target on Restaurant Brands International from $86.00 to $82.00 and set an “overweight” rating for the company in a report on Friday, February 13th. Argus upgraded shares of Restaurant Brands International from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a research note on Tuesday, December 2nd. BMO Capital Markets dropped their target price 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. Oppenheimer raised their price target on shares of Restaurant Brands International from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Stifel Nicolaus raised shares of Restaurant Brands International from a “hold” rating to a “buy” rating and lifted their price target for the company from $68.00 to $90.00 in a report on Monday, March 2nd. Fourteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $79.19.

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.