Restaurant Brands International Inc (QSR) Insider Sells C$1,329,185.00 in Stock
Restaurant Brands International Inc (TSE:QSR) (NYSE:QSR) insider José E. Cil sold 20,449 shares of the firm’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of C$65.00, for a total value of C$1,329,185.00.
Shares of Restaurant Brands International Inc (TSE:QSR) traded up C$2.21 during trading on Thursday, hitting C$83.14. The stock had a trading volume of 370,532 shares, compared to its average volume of 387,960. Restaurant Brands International Inc has a fifty-two week low of C$60.01 and a fifty-two week high of C$88.36.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Friday, December 15th will be issued a dividend of $0.262 per share. This represents a $1.05 annualized dividend and a dividend yield of 1.26%. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.20. The ex-dividend date is Thursday, December 14th. Restaurant Brands International’s payout ratio is currently 78.72%.
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A number of brokerages have commented on QSR. Royal Bank Of Canada raised their price objective on Restaurant Brands International to C$97.00 and gave the stock an “outperform” rating in a research report on Monday, October 23rd. CSFB upgraded Restaurant Brands International from a “neutral” rating to an “outperform” rating in a research report on Thursday, September 7th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of C$81.25.
Restaurant Brands International Company Profile
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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