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Restaurant Brands International Inc. (NYSE:QSR – Get Rating) (TSE:QSR) insider Sami A. Siddiqui sold 3,955 shares of the business’s stock in a transaction that occurred on Wednesday, January 4th. The shares were sold at an average price of $65.04, for a total value of $257,233.20. Following the transaction, the insider now owns 15,045 shares of the company’s stock, valued at $978,526.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.Restaurant Brands International Trading Up 2.0 %
NYSE:QSR traded up $1.27 during midday trading on Friday, hitting $65.66. 1,042,049 shares of the company traded hands, compared to its average volume of 1,073,348. The firm’s fifty day moving average is $64.47 and its 200-day moving average is $58.66. Restaurant Brands International Inc. has a 12-month low of $46.68 and a 12-month high of $68.54. The firm has a market capitalization of $20.18 billion, a P/E ratio of 21.25, a P/E/G ratio of 2.26 and a beta of 0.96. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 3.26.
Restaurant Brands International Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, January 4th. Investors of record on Wednesday, December 21st were issued a dividend of $0.54 per share. The ex-dividend date of this dividend was Tuesday, December 20th. This represents a $2.16 annualized dividend and a yield of 3.29%. Restaurant Brands International’s payout ratio is presently 69.90%.
Institutional Trading of Restaurant Brands International
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Legend Financial Advisors Inc. purchased a new stake in Restaurant Brands International during the 3rd quarter valued at $27,000. Optiver Holding B.V. purchased a new stake in Restaurant Brands International during the 3rd quarter valued at $32,000. Venture Visionary Partners LLC purchased a new stake in Restaurant Brands International during the 2nd quarter valued at $43,000. SkyView Investment Advisors LLC raised its holdings in Restaurant Brands International by 263.4% during the 1st quarter. SkyView Investment Advisors LLC now owns 883 shares of the restaurant operator’s stock valued at $52,000 after buying an additional 640 shares during the period. Finally, Clear Street Markets LLC increased its stake in Restaurant Brands International by 75.0% in the third quarter. Clear Street Markets LLC now owns 1,400 shares of the restaurant operator’s stock worth $74,000 after purchasing an additional 600 shares during the period. Hedge funds and other institutional investors own 77.87% of the company’s stock.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on the company. Argus boosted their price objective on Restaurant Brands International from $71.00 to $77.00 in a research note on Tuesday, December 20th. Deutsche Bank Aktiengesellschaft dropped their price target on Restaurant Brands International from $70.00 to $68.00 and set a “buy” rating for the company in a research note on Wednesday, October 12th. Royal Bank of Canada upped their price target on Restaurant Brands International from $70.00 to $80.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 22nd. Cowen upped their price target on Restaurant Brands International from $58.00 to $63.00 and gave the stock a “market perform” rating in a research note on Friday, November 4th. Finally, The Goldman Sachs Group upgraded Restaurant Brands International from a “sell” rating to a “neutral” rating and upped their price target for the stock from $57.00 to $64.00 in a research note on Friday, November 4th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $65.78.
About Restaurant Brands International
(Get Rating)
Restaurant Brands International Inc operates as quick service restaurant company in Canada 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 others.
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