Insider Selling: Restaurant Brands International (NYSE:QSR) CFO Sells $773,404.31 in Stock

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) CFO Sami Siddiqui sold 10,913 shares of the business’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $70.87, for a total transaction of $773,404.31. Following the completion of the sale, the chief financial officer directly owned 10,609 shares of the company’s stock, valued at approximately $751,859.83. The trade was a 50.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Restaurant Brands International Price Performance

NYSE:QSR opened at $70.02 on Friday. Restaurant Brands International Inc. has a 52 week low of $58.71 and a 52 week high of $73.70. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.98 and a current ratio of 1.06. The firm’s 50-day simple moving average is $69.18 and its 200 day simple moving average is $67.32. The firm has a market cap of $22.95 billion, a price-to-earnings ratio of 24.92, a P/E/G ratio of 2.78 and a beta of 0.60.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings data on Thursday, October 30th. The restaurant operator reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.03. Restaurant Brands International had a net margin of 9.95% and a return on equity of 32.43%. The firm had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $2.39 billion. During the same quarter in the previous year, the firm posted $0.93 EPS. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, sell-side analysts predict that Restaurant Brands International Inc. will post 3.72 earnings per share for the current year.

Restaurant Brands International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Tuesday, December 23rd will be given a dividend of $0.62 per share. The ex-dividend date of this dividend is Tuesday, December 23rd. This represents a $2.48 dividend on an annualized basis and a yield of 3.5%. Restaurant Brands International’s dividend payout ratio is currently 88.26%.

Analysts Set New Price Targets

Several brokerages have weighed in on QSR. Citigroup lifted their price objective on Restaurant Brands International from $72.00 to $74.00 and gave the company a “neutral” rating in a report on Thursday, October 16th. Northcoast Research downgraded Restaurant Brands International from a “buy” rating to a “neutral” rating in a research note on Friday, September 12th. Argus upgraded shares of Restaurant Brands International from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a research note on Tuesday, December 2nd. Oppenheimer reissued an “outperform” rating and issued a $80.00 target price on shares of Restaurant Brands International in a report on Tuesday, November 25th. Finally, Morgan Stanley set a $77.00 price target on shares of Restaurant Brands International in a report on Tuesday, October 21st. Ten analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Restaurant Brands International presently has an average rating of “Hold” and an average price target of $75.45.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of QSR. Baupost Group LLC MA boosted its stake in shares of Restaurant Brands International by 103.8% in the 3rd quarter. Baupost Group LLC MA now owns 8,252,862 shares of the restaurant operator’s stock valued at $529,337,000 after purchasing an additional 4,203,300 shares in the last quarter. Norges Bank acquired a new position in Restaurant Brands International during the 2nd quarter worth approximately $254,948,000. Royal Bank of Canada lifted its stake in Restaurant Brands International by 16.7% in the 1st quarter. Royal Bank of Canada now owns 22,626,635 shares of the restaurant operator’s stock valued at $1,507,839,000 after purchasing an additional 3,230,735 shares during the last quarter. State Street Corp lifted its stake in Restaurant Brands International by 9,477.4% in the 2nd quarter. State Street Corp now owns 2,997,344 shares of the restaurant operator’s stock valued at $198,711,000 after purchasing an additional 2,966,048 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Restaurant Brands International by 112.8% in the second quarter. Geode Capital Management LLC now owns 4,296,050 shares of the restaurant operator’s stock valued at $286,172,000 after buying an additional 2,277,694 shares in the last quarter. Institutional investors and hedge funds own 82.29% of the company’s stock.

About Restaurant Brands International

Restaurant Brands International Inc (NYSE: QSR) is a global quick-service restaurant company formed through the combination of established brands. The company’s principal holdings include Burger King, Tim Hortons and Popeyes, each of which operates under its own brand identity and menu. Restaurant Brands International’s business is centered on developing and expanding these franchised restaurant systems, supporting franchisees with brand management, supply chain coordination, and marketing programs.

RBI’s restaurants offer a range of quick-service food and beverage products: Burger King is known for its flame-grilled hamburgers and sandwiches, Tim Hortons for coffee, baked goods and breakfast items, and Popeyes for Louisiana-style fried chicken and seafood.