Restaurant Brands International (NYSE:QSR) Insider Sells $4,671,554.36 in Stock

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) insider Axel Schwan sold 57,574 shares of the firm’s stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $81.14, for a total transaction of $4,671,554.36. Following the sale, the insider owned 209,908 shares of the company’s stock, valued at approximately $17,031,935.12. The trade was a 21.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Restaurant Brands International Stock Performance

Restaurant Brands International stock opened at $77.07 on Friday. The firm has a 50 day simple moving average of $76.11 and a 200-day simple moving average of $75.32. The stock has a market cap of $26.88 billion, a price-to-earnings ratio of 20.72, a price-to-earnings-growth ratio of 2.14 and a beta of 0.51. The company has a debt-to-equity ratio of 2.49, a current ratio of 1.01 and a quick ratio of 0.92. Restaurant Brands International Inc. has a 1-year low of $62.78 and a 1-year high of $81.96.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings results on Thursday, August 6th. The restaurant operator reported $1.07 EPS for the quarter, beating the consensus estimate of $1.04 by $0.03. The firm had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.52 billion. Restaurant Brands International had a net margin of 13.12% and a return on equity of 33.43%. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.94 EPS. On average, analysts expect that Restaurant Brands International Inc. will post 4.04 EPS for the current year.

Restaurant Brands International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 18th will be given a $0.65 dividend. The ex-dividend date is Friday, September 18th. This represents a $2.60 dividend on an annualized basis and a yield of 3.4%. Restaurant Brands International’s payout ratio is currently 69.89%.

Analyst Ratings Changes

A number of analysts recently issued reports on QSR shares. Guggenheim raised their price objective on Restaurant Brands International from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. CL King set a $80.00 target price on shares of Restaurant Brands International in a research report on Monday, August 10th. Royal Bank Of Canada set a $85.00 target price on shares of Restaurant Brands International and gave the stock an “outperform” rating in a research note on Tuesday, July 28th. Citigroup lifted their price target on shares of Restaurant Brands International from $78.00 to $80.00 and gave the company a “neutral” rating in a research report on Tuesday, September 1st. Finally, Piper Sandler reduced their price target on shares of Restaurant Brands International from $85.00 to $81.00 and set an “overweight” rating on the stock in a research note on Friday, August 7th. Sixteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, Restaurant Brands International has a consensus rating of “Moderate Buy” and an average price target of $84.00.

Hedge Funds Weigh In On Restaurant Brands International

Institutional investors have recently bought and sold shares of the company. Allworth Financial LP lifted its position in shares of Restaurant Brands International by 6.4% during the second quarter. Allworth Financial LP now owns 2,260 shares of the restaurant operator’s stock worth $164,000 after purchasing an additional 136 shares in the last quarter. Syon Capital LLC grew its holdings in shares of Restaurant Brands International by 2.4% in the second quarter. Syon Capital LLC now owns 6,137 shares of the restaurant operator’s stock valued at $445,000 after purchasing an additional 146 shares in the last quarter. Capital Analysts LLC increased its stake in Restaurant Brands International by 20.6% during the 4th quarter. Capital Analysts LLC now owns 924 shares of the restaurant operator’s stock worth $63,000 after buying an additional 158 shares during the period. Private Advisor Group LLC increased its stake in Restaurant Brands International by 4.1% during the 1st quarter. Private Advisor Group LLC now owns 4,354 shares of the restaurant operator’s stock worth $322,000 after buying an additional 170 shares during the period. Finally, Applied Finance Capital Management LLC lifted its holdings in Restaurant Brands International by 1.9% during the 4th quarter. Applied Finance Capital Management LLC now owns 9,440 shares of the restaurant operator’s stock worth $644,000 after buying an additional 179 shares in the last quarter. 82.29% of the stock is owned by institutional investors and hedge funds.

About Restaurant Brands International

Restaurant Brands International Inc (NYSE: QSR) is a global quick-service restaurant company that owns and operates a portfolio of well-known restaurant brands. Its principal brands are Burger King, Tim Hortons, Popeyes and Firehouse Subs, which serve products including hamburgers, chicken, sandwiches, coffee, baked goods and other prepared foods.

RBI primarily operates through a franchise-based business model, supporting independently owned and operated restaurants through brand management, restaurant development, marketing and supply-chain programs.