Joshua Kobza Sells 12,420 Shares of Restaurant Brands International Inc. (NYSE:QSR) Stock

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) CEO Joshua Kobza sold 12,420 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $64.20, for a total transaction of $797,364.00. Following the completion of the sale, the chief executive officer now directly owns 703,445 shares in the company, valued at approximately $45,161,169. The trade was a 1.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Restaurant Brands International Trading Down 1.0 %

NYSE QSR opened at $62.54 on Thursday. The firm has a market capitalization of $20.25 billion, a PE ratio of 15.67, a price-to-earnings-growth ratio of 2.27 and a beta of 0.94. The business’s 50-day moving average price is $67.85 and its two-hundred day moving average price is $69.56. 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 Inc. has a 12 month low of $62.19 and a 12 month high of $83.29.

Restaurant Brands International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 20th were given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date of this dividend was Friday, December 20th. Restaurant Brands International’s dividend payout ratio is presently 58.15%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Farther Finance Advisors LLC increased its position in shares of Restaurant Brands International by 79.4% during the third quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock worth $30,000 after buying an additional 185 shares during the period. Plato Investment Management Ltd acquired a new stake in Restaurant Brands International during the 3rd quarter worth about $61,000. Blue Trust Inc. raised its position in shares of Restaurant Brands International by 123.9% in the 3rd quarter. Blue Trust Inc. now owns 1,388 shares of the restaurant operator’s stock worth $98,000 after acquiring an additional 768 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Restaurant Brands International by 67.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,754 shares of the restaurant operator’s stock valued at $126,000 after purchasing an additional 704 shares during the period. Finally, BNP Paribas Financial Markets boosted its position in shares of Restaurant Brands International by 17.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,754 shares of the restaurant operator’s stock valued at $126,000 after purchasing an additional 265 shares in the last quarter. Institutional investors and hedge funds own 82.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on QSR. Evercore ISI dropped their price objective on Restaurant Brands International from $93.00 to $90.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Stifel Nicolaus dropped their price target on Restaurant Brands International from $77.00 to $72.00 and set a “hold” rating on the stock in a research note on Thursday, November 14th. Citigroup lifted their price objective on shares of Restaurant Brands International from $75.00 to $77.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. CIBC dropped their price objective on shares of Restaurant Brands International from $88.00 to $86.00 and set an “outperformer” rating on the stock in a research report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Restaurant Brands International from $80.00 to $84.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Restaurant Brands International currently has an average rating of “Moderate Buy” and an average target price of $81.62.

Restaurant Brands International Company Profile

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.