Insider Selling: Restaurant Brands International (NYSE:QSR) CEO Sells $15,010,000.00 in Stock

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) CEO Joshua Kobza sold 200,000 shares of the business’s stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $75.05, for a total transaction of $15,010,000.00. Following the sale, the chief executive officer directly owned 960,769 shares of the company’s stock, valued at $72,105,713.45. This represents a 17.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Joshua Kobza also recently made the following trade(s):

• On Wednesday, January 7th, Joshua Kobza sold 3,443 shares of Restaurant Brands International stock. The stock was sold at an average price of $67.44, for a total transaction of $232,195.92.

Restaurant Brands International Trading Down 0.5%

Shares of QSR opened at $73.77 on Friday. Restaurant Brands International Inc. has a 1-year low of $58.71 and a 1-year high of $75.57. The company has a 50-day moving average of $69.93 and a 200 day moving average of $68.46. The firm has a market capitalization of $25.61 billion, a price-to-earnings ratio of 31.26, a PEG ratio of 2.11 and a beta of 0.56. The company has a debt-to-equity ratio of 2.62, a current ratio of 0.98 and a quick ratio of 0.91.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its earnings results on Thursday, February 12th. The restaurant operator reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. The business had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.41 billion. Restaurant Brands International had a net margin of 8.23% and a return on equity of 32.51%. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.81 EPS. On average, research analysts expect that Restaurant Brands International Inc. will post 3.72 EPS for the current year.

Restaurant Brands International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Thursday, March 19th will be issued a $0.65 dividend. The ex-dividend date is Thursday, March 19th. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.62. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.5%. Restaurant Brands International’s dividend payout ratio (DPR) is presently 110.17%.

Institutional Investors Weigh In On Restaurant Brands International

A number of institutional investors have recently added to or reduced their stakes in QSR. Intact Investment Management Inc. boosted its holdings in shares of Restaurant Brands International by 10.6% in the 3rd quarter. Intact Investment Management Inc. now owns 759,391 shares of the restaurant operator’s stock valued at $48,722,000 after buying an additional 72,800 shares in the last quarter. Hillsdale Investment Management Inc. grew its position in shares of Restaurant Brands International by 23,154.1% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 39,532 shares of the restaurant operator’s stock worth $2,535,000 after buying an additional 39,362 shares during the last quarter. Machina Capital S.A.S. bought a new position in shares of Restaurant Brands International during the 3rd quarter worth approximately $1,214,000. Fiera Capital Corp raised its stake in shares of Restaurant Brands International by 17.2% during the 3rd quarter. Fiera Capital Corp now owns 4,946,163 shares of the restaurant operator’s stock worth $317,191,000 after acquiring an additional 724,540 shares in the last quarter. Finally, EdgePoint Investment Group Inc. lifted its position in Restaurant Brands International by 15.4% during the third quarter. EdgePoint Investment Group Inc. now owns 14,903,208 shares of the restaurant operator’s stock valued at $955,855,000 after acquiring an additional 1,983,354 shares during the last quarter. Institutional investors own 82.29% of the company’s stock.

Analysts Set New Price Targets

QSR has been the subject of a number of research analyst reports. Scotiabank decreased their target price on Restaurant Brands International from $74.00 to $71.00 and set a “sector perform” rating for the company in a research report on Friday, February 13th. Citigroup dropped their price target on Restaurant Brands International from $74.00 to $72.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 3rd. Sanford C. Bernstein set a $82.00 price target on Restaurant Brands International in a research note on Friday, February 13th. Oppenheimer lifted their price objective on Restaurant Brands International from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Stifel Nicolaus raised shares of Restaurant Brands International from a “hold” rating to a “buy” rating and upped their price objective for the stock from $68.00 to $90.00 in a research note on Monday, March 2nd. Fourteen research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Restaurant Brands International has a consensus rating of “Moderate Buy” and a consensus target price of $79.19.

Restaurant Brands International Company Profile

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.