José E. Cil Sells 39,409 Shares of Restaurant Brands International Inc (QSR) Stock
Restaurant Brands International Inc (TSE:QSR) (NYSE:QSR) insider José E. Cil sold 39,409 shares of the stock in a transaction on Friday, November 3rd. The shares were sold at an average price of C$66.01, for a total value of C$2,601,388.09.
Shares of Restaurant Brands International Inc (QSR) opened at C$83.37 on Thursday. Restaurant Brands International Inc has a 52 week low of C$57.46 and a 52 week high of C$88.36.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Friday, December 15th will be paid a $0.262 dividend. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.20. The ex-dividend date is Thursday, December 14th. This represents a $1.05 dividend on an annualized basis and a yield of 1.26%.
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QSR has been the topic of a number of recent analyst reports. Royal Bank Of Canada increased their target price on Restaurant Brands International to C$97.00 and gave the stock an “outperform” rating in a research note on Monday, October 23rd. CSFB upgraded Restaurant Brands International from a “neutral” rating to an “outperform” rating in a research note on Thursday, September 7th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Restaurant Brands International has an average rating of “Buy” and an average target price of C$81.25.
About Restaurant Brands International
Restaurant Brands International Inc is a quick service restaurant (QSR) company. The Company had over 20,000 restaurants in more than 100 countries and the United States territories, as of December 31, 2016. It operates through two segments: Tim Hortons (TH) and Burger King (BK). Tim Hortons restaurants are quick service restaurants with a menu that includes blend coffee, tea, espresso-based hot and cold specialty drinks, baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps and soups, among others.
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