Jeffrey Housman Sells 14,593 Shares of Restaurant Brands International Inc. (NYSE:QSR) Stock

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) insider Jeffrey Housman sold 14,593 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $64.38, for a total value of $939,497.34. Following the transaction, the insider now directly owns 142,986 shares of the company’s stock, valued at $9,205,438.68. The trade was a 9.26 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Restaurant Brands International Stock Up 2.4 %

Shares of Restaurant Brands International stock traded up $1.55 during trading hours on Thursday, reaching $65.25. 1,652,394 shares of the company were exchanged, 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 stock’s fifty day moving average is $63.48 and its 200 day moving average is $67.65. Restaurant Brands International Inc. has a 1 year low of $59.67 and a 1 year high of $83.29. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings results 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 research analysts forecast that Restaurant Brands International Inc. will post 3.72 earnings per share for the current 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 issued a $0.62 dividend. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend is Friday, March 21st. This represents a $2.48 annualized dividend and a yield of 3.80%. Restaurant Brands International’s dividend payout ratio (DPR) is 77.99%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in QSR. First Horizon Advisors Inc. raised its holdings in shares of Restaurant Brands International by 3.8% in the 3rd quarter. First Horizon Advisors Inc. now owns 4,318 shares of the restaurant operator’s stock valued at $311,000 after purchasing an additional 160 shares in the last quarter. Bleakley Financial Group LLC increased its holdings in Restaurant Brands International by 5.4% in the fourth quarter. Bleakley Financial Group LLC now owns 3,137 shares of the restaurant operator’s stock valued at $204,000 after buying an additional 161 shares during the last quarter. GeoWealth Management LLC raised its stake in Restaurant Brands International by 7.0% in the fourth quarter. GeoWealth Management LLC now owns 2,487 shares of the restaurant operator’s stock valued at $162,000 after buying an additional 163 shares in the last quarter. D.A. Davidson & CO. lifted its holdings in Restaurant Brands International by 2.2% during the 3rd quarter. D.A. Davidson & CO. now owns 8,412 shares of the restaurant operator’s stock worth $607,000 after buying an additional 179 shares during the last quarter. Finally, Waterfront Wealth Inc. boosted its position in shares of Restaurant Brands International by 1.3% during the 4th quarter. Waterfront Wealth Inc. now owns 14,034 shares of the restaurant operator’s stock worth $915,000 after acquiring an additional 180 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 analysts have recently weighed in on QSR shares. Oppenheimer lowered their price target on shares of Restaurant Brands International from $86.00 to $77.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Truist Financial dropped their price target 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. CIBC cut their price target on shares of Restaurant Brands International from $86.00 to $78.00 and set an “outperform” rating for the company in a report on Thursday, February 13th. Morgan Stanley decreased their price objective on Restaurant Brands International from $81.00 to $73.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. Finally, Guggenheim raised Restaurant Brands International from a “neutral” rating to a “buy” rating and cut their target price for the stock from $74.00 to $71.00 in a research note on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $77.96.

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.