Jeffrey Housman Sells 5,835 Shares of Restaurant Brands International (NYSE:QSR) Stock

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) insider Jeffrey Housman sold 5,835 shares of the company’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $70.87, for a total transaction of $413,526.45. Following the transaction, the insider owned 146,162 shares of the company’s stock, valued at approximately $10,358,500.94. This trade represents a 3.84% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Restaurant Brands International Price Performance

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

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

Restaurant Brands International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Tuesday, December 23rd will be paid a dividend of $0.62 per share. The ex-dividend date of this dividend is Tuesday, December 23rd. This represents a $2.48 dividend on an annualized basis and a yield of 3.5%. Restaurant Brands International’s payout ratio is 88.26%.

Institutional Trading of Restaurant Brands International

Several large investors have recently modified their holdings of QSR. Steigerwald Gordon & Koch Inc. bought a new position in shares of Restaurant Brands International during the third quarter worth about $29,000. Legend Financial Advisors Inc. acquired a new stake in shares of Restaurant Brands International in the second quarter worth $33,000. CX Institutional increased its stake in Restaurant Brands International by 928.0% during 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 during the period. Smartleaf Asset Management LLC raised its position in Restaurant Brands International by 91.2% in the first 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. Finally, Cary Street Partners Investment Advisory LLC acquired a new position in Restaurant Brands International during the second quarter worth $35,000. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Morgan Stanley set a $77.00 target price on shares of Restaurant Brands International in a report on Tuesday, October 21st. Citigroup lifted their price objective on Restaurant Brands International from $72.00 to $74.00 and gave the company a “neutral” rating in a research note on Thursday, October 16th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Restaurant Brands International in a report on Wednesday, October 8th. Oppenheimer reissued an “outperform” rating and set a $80.00 price objective on shares of Restaurant Brands International in a research report on Tuesday, November 25th. Finally, Robert W. Baird lifted their price target on Restaurant Brands International from $68.00 to $72.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $75.45.

About Restaurant Brands International

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.