Insider Selling: Restaurant Brands International Inc. (NYSE:QSR) CFO Sells $358,171.80 in Stock

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) CFO Sami A. Siddiqui sold 5,579 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $64.20, for a total transaction of $358,171.80. Following the sale, the chief financial officer now directly owns 27,266 shares of the company’s stock, valued at $1,750,477.20. This represents a 16.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Restaurant Brands International Stock Performance

NYSE:QSR opened at $62.54 on Friday. The stock has a 50 day simple moving average of $67.71 and a 200 day simple moving average of $69.51. The stock has a market cap of $20.25 billion, a P/E ratio of 15.67, a PEG ratio of 2.27 and a beta of 0.94. Restaurant Brands International Inc. has a 1-year low of $62.19 and a 1-year high of $83.29. 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 Dividend Announcement

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

Hedge Funds Weigh In On Restaurant Brands International

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

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Stifel Nicolaus lowered their target price on Restaurant Brands International from $77.00 to $72.00 and set a “hold” rating for the company in a report on Thursday, November 14th. Bank of America lifted their target price on Restaurant Brands International from $76.00 to $77.00 and gave the company an “underperform” rating in a research report on Tuesday, October 22nd. Wells Fargo & Company reduced their price target on Restaurant Brands International from $72.00 to $69.00 and set an “equal weight” rating for the company in a research report on Wednesday. TD Cowen lowered their price objective on shares of Restaurant Brands International from $82.00 to $80.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Finally, Evercore ISI reduced their target price on shares of Restaurant Brands International from $93.00 to $90.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $81.62.

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.