Restaurant Brands International Inc. (NYSE:QSR) CFO Sami A. Siddiqui Sells 23,333 Shares

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) CFO Sami A. Siddiqui sold 23,333 shares of Restaurant Brands International stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $64.38, for a total value of $1,502,178.54. Following the completion of the transaction, the chief financial officer now directly owns 91,766 shares in the company, valued at $5,907,895.08. This trade represents a 20.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Restaurant Brands International Trading Up 0.1 %

NYSE QSR opened at $65.24 on Friday. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 2.75. Restaurant Brands International Inc. has a twelve month low of $59.67 and a twelve month high of $83.29. The firm has a market capitalization of $21.17 billion, a PE ratio of 20.52, a P/E/G ratio of 1.77 and a beta of 0.93. The stock’s 50 day moving average is $63.44 and its 200 day moving average is $67.58.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 EPS for the quarter, missing the consensus estimate of $1.10 by ($0.29). Restaurant Brands International had a return on equity of 28.53% and a net margin of 12.15%. Research 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. Shareholders of record on Friday, March 21st will be issued a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 3.80%. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.58. The ex-dividend date is Friday, March 21st. Restaurant Brands International’s payout ratio is 77.99%.

Institutional Investors Weigh In On Restaurant Brands International

Hedge funds have recently added to or reduced their stakes in the stock. Summerhill Capital Management lnc. bought a new stake in Restaurant Brands International in the fourth quarter worth $841,000. Baskin Financial Services Inc. raised its stake in shares of Restaurant Brands International by 2.8% in 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 last quarter. Alberta Investment Management Corp raised its stake in shares of Restaurant Brands International by 0.7% in the fourth quarter. Alberta Investment Management Corp now owns 914,500 shares of the restaurant operator’s stock worth $59,574,000 after purchasing an additional 6,000 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Restaurant Brands International by 10.1% in the third quarter. Geode Capital Management LLC now owns 1,379,847 shares of the restaurant operator’s stock worth $101,085,000 after purchasing an additional 126,600 shares during the last quarter. Finally, Partners Capital Investment Group LLP purchased a new position in shares of Restaurant Brands International in the fourth quarter worth $4,969,000. 82.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the company. TD Securities reaffirmed a “hold” rating and issued a $70.00 price target on shares of Restaurant Brands International in a research note on Tuesday, February 25th. Evercore ISI decreased their price target on Restaurant Brands International from $93.00 to $90.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Argus cut Restaurant Brands International from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th. Truist Financial decreased their price target on Restaurant Brands International from $85.00 to $83.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Finally, Royal Bank of Canada cut their price objective 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. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $77.33.

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.