Restaurant Brands International (NYSE:QSR) Insider Sells $695,893.08 in Stock

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) insider Duncan Fulton sold 10,308 shares of the company’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $67.51, for a total transaction of $695,893.08. Following the sale, the insider directly owned 49,677 shares in the company, valued at $3,353,694.27. This trade represents a 17.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Duncan Fulton also recently made the following trade(s):

• On Wednesday, January 7th, Duncan Fulton sold 1,775 shares of Restaurant Brands International stock. The shares were sold at an average price of $67.48, for a total transaction of $119,777.00.
• On Monday, December 15th, Duncan Fulton sold 3,531 shares of Restaurant Brands International stock. The shares were sold at an average price of $70.89, for a total transaction of $250,312.59.
• On Monday, December 15th, Duncan Fulton sold 3,531 shares of Restaurant Brands International stock. The stock was sold at an average price of $70.89, for a total value of $250,312.59.

Restaurant Brands International Price Performance

NYSE:QSR opened at $69.92 on Friday. Restaurant Brands International Inc. has a 52-week low of $58.71 and a 52-week high of $73.70. The stock has a fifty day moving average of $68.56 and a 200 day moving average of $67.47. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market capitalization of $24.23 billion, a price-to-earnings ratio of 29.63, a P/E/G ratio of 2.06 and a beta of 0.58.

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

Restaurant Brands International Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on QSR shares. Royal Bank Of Canada decreased their price target on shares of Restaurant Brands International from $82.00 to $80.00 and set an “outperform” rating on the stock in a report on Friday, February 13th. TD Cowen cut 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. Barclays decreased their target price on shares of Restaurant Brands International from $86.00 to $82.00 and set an “overweight” rating on the stock in a research report on Friday, February 13th. Robert W. Baird boosted their price target on shares of Restaurant Brands International from $68.00 to $72.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $80.00 price objective on shares of Restaurant Brands International in a research note on Tuesday, November 25th. Twelve analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $76.65.

Institutional Investors Weigh In On Restaurant Brands International

Several institutional investors have recently added to or reduced their stakes in QSR. Lloyd Advisory Services LLC. bought a new stake in Restaurant Brands International in the 4th quarter worth $25,000. Larson Financial Group LLC grew its stake in shares of Restaurant Brands International by 1,922.2% in the fourth quarter. Larson Financial Group LLC now owns 364 shares of the restaurant operator’s stock worth $25,000 after purchasing an additional 346 shares during the last quarter. Steigerwald Gordon & Koch Inc. purchased a new position in Restaurant Brands International during the 3rd quarter valued at about $29,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in Restaurant Brands International during the 4th quarter valued at approximately $29,000. Finally, Cary Street Partners Investment Advisory LLC purchased a new stake in Restaurant Brands International in the 2nd quarter worth approximately $35,000. Hedge funds and other institutional investors 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.