Jill Granat Sells 81,387 Shares of Restaurant Brands International Inc. (NYSE:QSR) Stock

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) insider Jill Granat sold 81,387 shares of the company’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $69.37, for a total value of $5,645,816.19. Following the transaction, the insider now directly owns 388,759 shares in the company, valued at $26,968,211.83. This represents a 17.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Jill Granat also recently made the following trade(s):

• On Monday, December 9th, Jill Granat sold 10,613 shares of Restaurant Brands International stock. The shares were sold at an average price of $70.41, for a total transaction of $747,261.33.

Restaurant Brands International Stock Down 0.1 %

Shares of QSR stock traded down $0.05 during trading hours on Tuesday, reaching $70.00. 1,963,768 shares of the stock were exchanged, compared to its average volume of 1,589,768. Restaurant Brands International Inc. has a 12-month low of $65.87 and a 12-month high of $83.29. The business’s fifty day moving average is $70.12 and its two-hundred day moving average is $69.97. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.02 and a quick ratio of 0.94. The firm has a market capitalization of $22.66 billion, a P/E ratio of 17.54, a P/E/G ratio of 2.24 and a beta of 0.93.

Restaurant Brands International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 20th will be issued a $0.58 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.31%. Restaurant Brands International’s payout ratio is 58.15%.

Hedge Funds Weigh In On Restaurant Brands International

A number of institutional investors and hedge funds have recently modified their holdings of QSR. Farther Finance Advisors LLC boosted its position in shares of Restaurant Brands International by 79.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock valued at $30,000 after purchasing an additional 185 shares during the period. Plato Investment Management Ltd purchased a new stake in shares of Restaurant Brands International in the third quarter valued at about $61,000. Crewe Advisors LLC boosted its stake in shares of Restaurant Brands International by 78.8% during the second quarter. Crewe Advisors LLC now owns 1,071 shares of the restaurant operator’s stock worth $75,000 after buying an additional 472 shares during the period. Blue Trust Inc. grew its holdings in shares of Restaurant Brands International by 123.9% during the third quarter. Blue Trust Inc. now owns 1,388 shares of the restaurant operator’s stock worth $98,000 after buying an additional 768 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Restaurant Brands International by 67.0% in the third quarter. GAMMA Investing LLC now owns 1,754 shares of the restaurant operator’s stock valued at $126,000 after purchasing an additional 704 shares during the period. Institutional investors and hedge funds own 82.29% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Oppenheimer dropped their target price on shares of Restaurant Brands International from $89.00 to $86.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 22nd. CIBC dropped their price objective on shares of Restaurant Brands International from $88.00 to $86.00 and set an “outperformer” rating on the stock in a report on Wednesday, November 6th. Argus reduced their target price on Restaurant Brands International from $85.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Piper Sandler dropped their price target on Restaurant Brands International from $82.00 to $75.00 and set a “neutral” rating on the stock in a research note on Monday, August 12th. Finally, Royal Bank of Canada cut their price objective on Restaurant Brands International from $95.00 to $90.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $82.27.

Restaurant Brands International Company Profile

Restaurant Brands International Inc operates as a quick-service restaurant company in Canada, the United States, 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 other food products.