Insider Selling: Restaurant Brands International Inc. (NYSE:QSR) CEO Sells $4,681,713.60 in Stock

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) CEO Joshua Kobza sold 72,720 shares of the stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $64.38, for a total transaction of $4,681,713.60. Following the completion of the transaction, the chief executive officer now owns 961,295 shares of the company’s stock, valued at approximately $61,888,172.10. The trade was a 7.03 % 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.

Joshua Kobza also recently made the following trade(s):

• On Friday, February 21st, Joshua Kobza sold 93,619 shares of Restaurant Brands International stock. The stock was sold at an average price of $62.35, for a total transaction of $5,837,144.65.
• On Monday, January 6th, Joshua Kobza sold 12,420 shares of Restaurant Brands International stock. The shares were sold at an average price of $64.20, for a total transaction of $797,364.00.

Restaurant Brands International Stock Performance

QSR stock traded up $1.55 during trading on Thursday, reaching $65.25. The stock had a trading volume of 1,652,394 shares, compared to its average volume of 2,251,881. The firm has a market cap of $21.17 billion, a PE ratio of 20.52, a PEG ratio of 1.77 and a beta of 0.93. 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 stock’s 50 day moving average is $63.48 and its two-hundred day moving average is $67.65. Restaurant Brands International Inc. has a 52 week low of $59.67 and a 52 week high of $83.29.

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

Restaurant Brands International Increases Dividend

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

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Oppenheimer cut their price target on Restaurant Brands International from $86.00 to $77.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. Wells Fargo & Company cut their target price on Restaurant Brands International from $72.00 to $69.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 8th. KeyCorp reduced their price target on Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating for the company in a report on Wednesday, November 6th. Truist Financial dropped their price target on shares of Restaurant Brands International from $85.00 to $83.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Finally, Argus lowered shares of Restaurant Brands International from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th. 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’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $77.96.

Institutional Investors Weigh In On Restaurant Brands International

Hedge funds have recently modified their holdings of the business. Dunhill Financial LLC raised its holdings in Restaurant Brands International by 100.0% in the 4th quarter. Dunhill Financial LLC now owns 400 shares of the restaurant operator’s stock worth $26,000 after purchasing an additional 200 shares during the period. Farther Finance Advisors LLC increased its position in Restaurant Brands International by 79.4% in 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 in the last quarter. Venturi Wealth Management LLC raised its stake in shares of Restaurant Brands International by 213.6% in the fourth quarter. Venturi Wealth Management LLC now owns 461 shares of the restaurant operator’s stock worth $30,000 after buying an additional 314 shares during the period. SBI Securities Co. Ltd. purchased a new position in shares of Restaurant Brands International during the 4th quarter valued at about $32,000. Finally, IFP Advisors Inc grew its stake in shares of Restaurant Brands International by 183.9% during the 4th quarter. IFP Advisors Inc now owns 636 shares of the restaurant operator’s stock valued at $41,000 after acquiring an additional 412 shares during the period. Institutional investors own 82.29% of the company’s stock.

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.