Restaurant Brands International (NYSE:QSR) Insider Sells $376,674.05 in Stock

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) insider Jill Granat sold 5,315 shares of Restaurant Brands International stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $70.87, for a total value of $376,674.05. Following the completion of the sale, the insider directly owned 460,626 shares in the company, valued at $32,644,564.62. This represents a 1.14% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Jill Granat also recently made the following trade(s):

• On Monday, December 15th, Jill Granat sold 5,315 shares of Restaurant Brands International stock. The stock was sold at an average price of $70.87, for a total value of $376,674.05.

Restaurant Brands International Price Performance

Shares of QSR traded down $0.35 during mid-day trading on Wednesday, hitting $70.12. The company’s stock had a trading volume of 2,714,072 shares, compared to its average volume of 2,572,145. The company has a current ratio of 1.06, a quick ratio of 0.98 and a debt-to-equity ratio of 2.65. Restaurant Brands International Inc. has a 1-year low of $58.71 and a 1-year high of $73.70. The firm has a market capitalization of $22.99 billion, a P/E ratio of 24.95, a P/E/G ratio of 2.82 and a beta of 0.60. The firm has a 50-day simple moving average of $69.00 and a 200 day simple moving average of $67.30.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings data on Thursday, October 30th. The restaurant operator reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.03. Restaurant Brands International had a return on equity of 32.43% and a net margin of 9.95%.The firm had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $2.39 billion. During the same quarter in the prior year, the business posted $0.93 earnings per share. Restaurant Brands International’s revenue was up 6.9% compared to the same quarter last year. Analysts predict that Restaurant Brands International Inc. will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Tuesday, December 23rd will be issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Tuesday, December 23rd. Restaurant Brands International’s dividend payout ratio (DPR) is currently 88.26%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of QSR. Steigerwald Gordon & Koch Inc. acquired a new stake in Restaurant Brands International during the 3rd quarter valued at $29,000. Legend Financial Advisors Inc. purchased a new stake in shares of Restaurant Brands International in the second quarter valued at $33,000. CX Institutional lifted its position in shares of Restaurant Brands International by 928.0% in the second quarter. CX Institutional now owns 514 shares of the restaurant operator’s stock valued at $34,000 after acquiring an additional 464 shares in the last quarter. Cary Street Partners Investment Advisory LLC acquired a new stake in shares of Restaurant Brands International during the second quarter valued at $35,000. Finally, Smartleaf Asset Management LLC increased its position in Restaurant Brands International by 91.2% during the 1st quarter. Smartleaf Asset Management LLC now owns 545 shares of the restaurant operator’s stock worth $35,000 after purchasing an additional 260 shares in the last quarter. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently commented on QSR shares. Northcoast Research downgraded shares of Restaurant Brands International from a “buy” rating to a “neutral” rating in a report on Friday, September 12th. Oppenheimer reiterated an “outperform” rating and set a $80.00 price target on shares of Restaurant Brands International in a research report on Tuesday, November 25th. Argus raised Restaurant Brands International from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a research note on Tuesday, December 2nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Restaurant Brands International in a research note on Wednesday, October 8th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $82.00 price objective on shares of Restaurant Brands International in a report on Tuesday, December 9th. Ten investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $75.45.

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.