Insider Selling: Restaurant Brands International (NYSE:QSR) Insider Sells $311,693.67 in Stock

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) insider Jacqueline Friesner sold 4,617 shares of the company’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $67.51, for a total value of $311,693.67. Following the sale, the insider owned 194,201 shares of the company’s stock, valued at approximately $13,110,509.51. The trade was a 2.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Jacqueline Friesner also recently made the following trade(s):

• On Wednesday, January 7th, Jacqueline Friesner sold 816 shares of Restaurant Brands International stock. The stock was sold at an average price of $67.44, for a total value of $55,031.04.
• On Monday, December 15th, Jacqueline Friesner sold 1,886 shares of Restaurant Brands International stock. The stock was sold at an average price of $70.87, for a total transaction of $133,660.82.
• On Monday, December 15th, Jacqueline Friesner sold 1,886 shares of Restaurant Brands International stock. The stock was sold at an average price of $70.87, for a total transaction of $133,660.82.

Restaurant Brands International Price Performance

Shares of NYSE:QSR opened at $69.92 on Friday. The firm has a 50 day moving average of $68.56 and a 200-day moving average of $67.47. The stock has a market capitalization of $24.23 billion, a PE ratio of 29.63, a PEG ratio of 2.06 and a beta of 0.58. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 2.62. Restaurant Brands International Inc. has a 12 month low of $58.71 and a 12 month high of $73.70.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings results on Thursday, February 12th. The restaurant operator reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.03. Restaurant Brands International had a net margin of 8.23% and a return on equity of 32.51%. The business had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same quarter last year, the business posted $0.81 EPS. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, equities research analysts predict that Restaurant Brands International Inc. will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Thursday, March 19th will be issued a dividend of $0.65 per share. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Thursday, March 19th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.7%. Restaurant Brands International’s payout ratio is presently 110.17%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on QSR shares. JPMorgan Chase & Co. decreased their target price on Restaurant Brands International from $77.00 to $72.00 and set an “overweight” rating on the stock in a research report on Tuesday. BMO Capital Markets reduced their price target on shares of Restaurant Brands International from $83.00 to $81.00 and set an “outperform” rating on the stock in a research note on Friday, February 13th. Argus upgraded shares of Restaurant Brands International from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a research report on Tuesday, December 2nd. TD Cowen dropped their price objective on shares of Restaurant Brands International from $74.00 to $72.00 and set a “hold” rating for the company in a research note on Thursday, February 12th. Finally, Sanford C. Bernstein set a $82.00 target price on shares of Restaurant Brands International in a research note on Friday, February 13th. Twelve research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $76.65.

Hedge Funds Weigh In On Restaurant Brands International

Hedge funds have recently modified their holdings of the business. Capital World Investors grew its stake in shares of Restaurant Brands International by 7.7% in the fourth quarter. Capital World Investors now owns 43,525,570 shares of the restaurant operator’s stock worth $2,969,819,000 after purchasing an additional 3,095,167 shares during the last quarter. EdgePoint Investment Group Inc. lifted its holdings in Restaurant Brands International by 11.7% during the 4th quarter. EdgePoint Investment Group Inc. now owns 16,645,003 shares of the restaurant operator’s stock worth $1,135,844,000 after buying an additional 1,741,795 shares during the period. Vanguard Group Inc. lifted its holdings in Restaurant Brands International by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 15,983,585 shares of the restaurant operator’s stock worth $1,090,684,000 after buying an additional 344,066 shares during the period. Morgan Stanley grew its position in shares of Restaurant Brands International by 24.2% in the 4th quarter. Morgan Stanley now owns 8,429,121 shares of the restaurant operator’s stock valued at $575,119,000 after buying an additional 1,641,870 shares during the last quarter. Finally, Baupost Group LLC MA increased its stake in shares of Restaurant Brands International by 103.8% in the third quarter. Baupost Group LLC MA now owns 8,252,862 shares of the restaurant operator’s stock valued at $529,337,000 after buying an additional 4,203,300 shares during the period. Institutional investors and hedge funds own 82.29% of the company’s stock.

About Restaurant Brands International

Restaurant Brands International Inc (NYSE: QSR) is a global quick-service restaurant company formed through the combination of established brands. The company’s principal holdings include Burger King, Tim Hortons and Popeyes, each of which operates under its own brand identity and menu. Restaurant Brands International’s business is centered on developing and expanding these franchised restaurant systems, supporting franchisees with brand management, supply chain coordination, and marketing programs.

RBI’s restaurants offer a range of quick-service food and beverage products: Burger King is known for its flame-grilled hamburgers and sandwiches, Tim Hortons for coffee, baked goods and breakfast items, and Popeyes for Louisiana-style fried chicken and seafood.