Restaurant Brands International Inc. (NYSE:QSR) Insider Sells $1,778,150.00 in Stock

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) insider Duncan Fulton sold 27,500 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $64.66, for a total value of $1,778,150.00. Following the completion of the sale, the insider now directly owns 34,822 shares of the company’s stock, valued at $2,251,590.52. The trade was a 44.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Duncan Fulton also recently made the following trade(s):

• On Friday, February 21st, Duncan Fulton sold 15,974 shares of Restaurant Brands International stock. The shares were sold at an average price of $62.48, for a total value of $998,055.52.

Restaurant Brands International Trading Up 2.4 %

Shares of NYSE:QSR opened at $65.25 on Friday. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75. The company has a market capitalization of $21.17 billion, a PE ratio of 20.52, a P/E/G ratio of 1.77 and a beta of 0.93. Restaurant Brands International Inc. has a 12-month low of $59.67 and a 12-month high of $83.29. The business’s fifty day simple moving average is $63.47 and its 200-day simple moving average is $67.63.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by ($0.29). Restaurant Brands International had a net margin of 12.15% and a return on equity of 28.53%. As a group, equities research analysts predict that Restaurant Brands International Inc. will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 21st will be given a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 3.80%. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend is Friday, March 21st. Restaurant Brands International’s dividend payout ratio is presently 77.99%.

Institutional Trading of Restaurant Brands International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio raised its stake in shares of Restaurant Brands International by 110.2% in the fourth quarter. Public Employees Retirement System of Ohio now owns 53,873 shares of the restaurant operator’s stock worth $3,510,000 after purchasing an additional 28,248 shares during the last quarter. Burgundy Asset Management Ltd. boosted its holdings in Restaurant Brands International by 0.4% in the fourth quarter. Burgundy Asset Management Ltd. now owns 1,167,299 shares of the restaurant operator’s stock valued at $76,006,000 after purchasing an additional 4,464 shares during the last quarter. Vise Technologies Inc. raised its stake in shares of Restaurant Brands International by 29.2% during the 4th quarter. Vise Technologies Inc. now owns 4,734 shares of the restaurant operator’s stock valued at $309,000 after buying an additional 1,071 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in shares of Restaurant Brands International by 967.0% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,087,542 shares of the restaurant operator’s stock valued at $70,793,000 after buying an additional 985,615 shares during the period. Finally, Waverly Advisors LLC boosted its stake in shares of Restaurant Brands International by 19.5% in the fourth quarter. Waverly Advisors LLC now owns 5,606 shares of the restaurant operator’s stock worth $365,000 after buying an additional 915 shares during the last quarter. Institutional investors and hedge funds own 82.29% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on QSR shares. Argus cut shares of Restaurant Brands International from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th. Guggenheim upgraded shares of Restaurant Brands International from a “neutral” rating to a “buy” rating and cut their price target for the company from $74.00 to $71.00 in a report on Friday, January 24th. Truist Financial decreased their price objective on shares of Restaurant Brands International from $85.00 to $83.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. Royal Bank of Canada cut their target price on Restaurant Brands International from $95.00 to $90.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Finally, Evercore ISI decreased their price target on Restaurant Brands International from $93.00 to $90.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $77.96.

About Restaurant Brands International

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.