Restaurant Brands International Inc. (NYSE:QSR) Insider Duncan Fulton Sells 15,974 Shares

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) insider Duncan Fulton sold 15,974 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $62.48, for a total value of $998,055.52. Following the completion of the transaction, the insider now owns 45,248 shares in the company, valued at $2,827,095.04. This trade represents a 26.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Restaurant Brands International Price Performance

Shares of NYSE:QSR opened at $64.34 on Wednesday. The business’s 50 day simple moving average is $63.52 and its 200-day simple moving average is $67.68. The firm has a market capitalization of $20.87 billion, a price-to-earnings ratio of 20.23, a price-to-earnings-growth ratio of 1.77 and a beta of 0.93. 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 Inc. has a 12 month low of $59.67 and a 12 month high of $83.29.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted 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, equities analysts forecast that Restaurant Brands International Inc. will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 21st will be paid a $0.62 dividend. The ex-dividend date of this dividend is Friday, March 21st. This represents a $2.48 dividend on an annualized basis and a yield of 3.85%. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.58. Restaurant Brands International’s dividend payout ratio is presently 77.99%.

Institutional Investors Weigh In On Restaurant Brands International

Institutional investors and hedge funds have recently bought and sold shares of the stock. Dunhill Financial LLC lifted its stake in Restaurant Brands International by 100.0% in the 4th quarter. Dunhill Financial LLC now owns 400 shares of the restaurant operator’s stock valued at $26,000 after buying an additional 200 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in Restaurant Brands International by 79.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock valued at $30,000 after buying an additional 185 shares in the last quarter. Venturi Wealth Management LLC lifted its stake in Restaurant Brands International by 213.6% in the 4th quarter. Venturi Wealth Management LLC now owns 461 shares of the restaurant operator’s stock valued at $30,000 after buying an additional 314 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in Restaurant Brands International in the 4th quarter valued at approximately $32,000. Finally, IFP Advisors Inc lifted its stake in Restaurant Brands International by 183.9% in the 4th quarter. IFP Advisors Inc now owns 636 shares of the restaurant operator’s stock valued at $41,000 after buying an additional 412 shares in the last quarter. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Barclays dropped their price target on Restaurant Brands International from $83.00 to $80.00 and set an “overweight” rating on the stock in a research report on Thursday, February 13th. Morgan Stanley dropped their price target on Restaurant Brands International from $81.00 to $73.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st. Jefferies Financial Group dropped their price target on Restaurant Brands International from $73.00 to $67.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 30th. Truist Financial dropped 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. Finally, Guggenheim upgraded Restaurant Brands International from a “neutral” rating to a “buy” rating and dropped their target price for the stock from $74.00 to $71.00 in a research report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $77.96.

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.