Restaurant Brands International Inc. (NYSE:QSR) CFO Sells $358,171.80 in Stock

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) CFO Sami A. Siddiqui sold 5,579 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $64.20, for a total transaction of $358,171.80. Following the completion of the sale, the chief financial officer now owns 27,266 shares of the company’s stock, valued at approximately $1,750,477.20. The trade was a 16.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Restaurant Brands International Stock Down 1.1 %

Restaurant Brands International stock traded down $0.73 during mid-day trading on Tuesday, reaching $63.18. The stock had a trading volume of 1,327,848 shares, compared to its average volume of 1,355,462. The company has a 50-day moving average price of $68.15 and a two-hundred day moving average price of $69.65. The company has a market capitalization of $20.46 billion, a price-to-earnings ratio of 15.83, a PEG ratio of 2.27 and a beta of 0.94. Restaurant Brands International Inc. has a one year low of $63.09 and a one year high of $83.29. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.02 and a quick ratio of 0.94.

Restaurant Brands International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 20th were issued a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 3.67%. The ex-dividend date of this dividend was Friday, December 20th. Restaurant Brands International’s dividend payout ratio is currently 58.15%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on QSR. Stifel Nicolaus reduced their target price on shares of Restaurant Brands International from $77.00 to $72.00 and set a “hold” rating for the company in a research note on Thursday, November 14th. KeyCorp decreased their price objective on shares of Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating for the company in a report on Wednesday, November 6th. Royal Bank of Canada dropped their target price on Restaurant Brands International from $95.00 to $90.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. CIBC decreased their price objective on shares of Restaurant Brands International from $88.00 to $86.00 and set an “outperformer” rating for the company in a research report on Wednesday, November 6th. Finally, TD Cowen reduced their price objective on Restaurant Brands International from $82.00 to $80.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, Restaurant Brands International presently has a consensus rating of “Moderate Buy” and a consensus price target of $81.92.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new stake in shares of Restaurant Brands International in the 3rd quarter worth $378,000. Arvest Bank Trust Division purchased a new stake in Restaurant Brands International in the third quarter worth about $12,053,000. Toronto Dominion Bank raised its stake in shares of Restaurant Brands International by 0.5% in the third quarter. Toronto Dominion Bank now owns 864,207 shares of the restaurant operator’s stock worth $62,327,000 after buying an additional 4,702 shares during the period. Geode Capital Management LLC lifted its position in shares of Restaurant Brands International by 10.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,379,847 shares of the restaurant operator’s stock valued at $101,085,000 after buying an additional 126,600 shares in the last quarter. Finally, Vestcor Inc bought a new position in shares of Restaurant Brands International during the 3rd quarter valued at approximately $1,103,000. Institutional investors own 82.29% of the company’s stock.

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.