Restaurant Brands International Inc (QSR) Director Purchases C$16,588.00 in Stock
Restaurant Brands International Inc (TSE:QSR) (NYSE:QSR) Director Ali Hedayat purchased 200 shares of the company’s stock in a transaction on Monday, October 30th. The stock was acquired at an average cost of C$82.94 per share, for a total transaction of C$16,588.00.
Ali Hedayat also recently made the following trade(s):
- On Friday, August 4th, Ali Hedayat purchased 2,000 shares of Restaurant Brands International stock. The stock was acquired at an average cost of C$77.50 per share, for a total transaction of C$155,000.00.
Shares of Restaurant Brands International Inc (TSE QSR) traded up 0.62% on Tuesday, reaching $83.35. The company’s stock had a trading volume of 535,464 shares. The firm has a market cap of $19.69 billion and a price-to-earnings ratio of 58.33. Restaurant Brands International Inc has a 1-year low of $57.46 and a 1-year high of $88.36. The company’s 50 day moving average is $81.20 and its 200-day moving average is $79.20.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Friday, December 15th will be paid a $0.262 dividend. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.20. The ex-dividend date is Thursday, December 14th. This represents a $1.05 annualized dividend and a yield of 1.26%.
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Several brokerages have commented on QSR. Royal Bank Of Canada lifted their price target on Restaurant Brands International to C$97.00 and gave the stock an “outperform” rating in a research report on Monday, October 23rd. CSFB raised Restaurant Brands International from a “neutral” rating to an “outperform” rating in a research report on Thursday, September 7th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of C$81.25.
About Restaurant Brands International
Restaurant Brands International Inc is a quick service restaurant (QSR) company. The Company had over 20,000 restaurants in more than 100 countries and the United States territories, as of December 31, 2016. It operates through two segments: Tim Hortons (TH) and Burger King (BK). Tim Hortons restaurants are quick service restaurants with a menu that includes blend coffee, tea, espresso-based hot and cold specialty drinks, baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps and soups, among others.
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