Restaurant Brands International Inc. (NYSE:QSR) CFO Sami A. Siddiqui Sells 12,500 Shares

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) CFO Sami A. Siddiqui sold 12,500 shares of the business’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $68.12, for a total value of $851,500.00. Following the sale, the chief financial officer now owns 235,228 shares in the company, valued at approximately $16,023,731.36. The trade was a 5.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Restaurant Brands International Trading Down 1.2 %

QSR opened at $67.16 on Friday. Restaurant Brands International Inc. has a 12-month low of $59.67 and a 12-month high of $80.49. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.02 and a quick ratio of 0.94. The stock has a market capitalization of $21.83 billion, a PE ratio of 21.12, a P/E/G ratio of 1.77 and a beta of 0.95. The firm’s fifty day moving average price is $64.25 and its 200 day moving average price is $67.26.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.29). Restaurant Brands International had a net margin of 12.15% and a return on equity of 28.53%. As a group, research analysts expect that Restaurant Brands International Inc. will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 21st will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date is Friday, March 21st. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.58. Restaurant Brands International’s dividend payout ratio (DPR) is currently 77.99%.

Analyst Ratings Changes

QSR has been the topic of a number of research analyst reports. Truist Financial decreased their target price on Restaurant Brands International from $85.00 to $83.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. TD Cowen downgraded Restaurant Brands International from a “buy” rating to a “hold” rating and set a $70.00 target price on the stock. in a research report on Friday, February 14th. Barclays cut their price objective on Restaurant Brands International from $83.00 to $80.00 and set an “overweight” rating for the company in a research report on Thursday, February 13th. Oppenheimer lowered their target price on Restaurant Brands International from $86.00 to $77.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. Finally, CIBC cut their target price on shares of Restaurant Brands International from $86.00 to $78.00 and set an “outperform” rating for the company in a research note on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, Restaurant Brands International has a consensus rating of “Moderate Buy” and a consensus price target of $77.08.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Summerhill Capital Management lnc. acquired a new stake in shares of Restaurant Brands International during the 4th quarter valued at approximately $841,000. Baskin Financial Services Inc. raised its holdings in shares of Restaurant Brands International by 2.8% during the fourth quarter. Baskin Financial Services Inc. now owns 332,594 shares of the restaurant operator’s stock worth $21,664,000 after purchasing an additional 9,208 shares during the period. Aviso Financial Inc. lifted its position in shares of Restaurant Brands International by 4.1% in the 4th quarter. Aviso Financial Inc. now owns 942,022 shares of the restaurant operator’s stock worth $61,384,000 after buying an additional 37,241 shares during the last quarter. Alberta Investment Management Corp boosted its holdings in shares of Restaurant Brands International by 0.7% in the 4th quarter. Alberta Investment Management Corp now owns 914,500 shares of the restaurant operator’s stock valued at $59,574,000 after buying an additional 6,000 shares during the period. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Restaurant Brands International during the 4th quarter valued at about $32,000. Institutional investors and hedge funds own 82.29% of the company’s stock.

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.