Insider Selling: Restaurant Brands International Inc. (TSE:QSR) Senior Officer Sells 23,350 Shares of Stock

Restaurant Brands International Inc. (TSE:QSR) (NYSE:QSR) Senior Officer Iv Curtis Thomas Benjamin sold 23,350 shares of Restaurant Brands International stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of C$92.06, for a total transaction of C$2,149,680.39.

Iv Curtis Thomas Benjamin also recently made the following trade(s):

• On Monday, December 16th, Iv Curtis Thomas Benjamin sold 11,120 shares of Restaurant Brands International stock. The shares were sold at an average price of C$96.22, for a total value of C$1,069,957.50.

Restaurant Brands International Trading Up 3.0 %

Shares of QSR stock opened at C$94.12 on Friday. Restaurant Brands International Inc. has a 52-week low of C$86.06 and a 52-week high of C$112.12. The company has a debt-to-equity ratio of 494.65, a quick ratio of 0.80 and a current ratio of 1.02. The firm has a market capitalization of C$21.37 billion, a PE ratio of 18.88, a PEG ratio of 2.22 and a beta of 0.95. The stock has a fifty day simple moving average of C$91.07 and a two-hundred day simple moving average of C$94.52.

Restaurant Brands International Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, January 3rd were paid a $0.785 dividend. This represents a $3.14 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date of this dividend was Friday, December 20th. Restaurant Brands International’s payout ratio is 62.98%.

Analysts Set New Price Targets

Several brokerages have issued reports on QSR. Guggenheim raised shares of Restaurant Brands International from a “hold” rating to a “strong-buy” rating in a report on Friday, January 24th. TD Cowen downgraded Restaurant Brands International from a “strong-buy” rating to a “hold” rating in a report on Friday, February 14th. Finally, Argus downgraded shares of Restaurant Brands International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 13th.

Restaurant Brands International Company Profile

Restaurant Brands International is one of the largest restaurant companies in the world, with more than $35 billion in 2021 systemwide sales across a footprint that spans more than 28,000 restaurants and 100 countries. The firm generates revenue primarily from retail sales at its company-owned restaurants, royalty fees and lease income from franchised stores, and from its Tim Horton’s supply chain operations.