Restaurant Brands International Inc. (NYSE:QSR) CFO Sami A. Siddiqui Sells 18,477 Shares

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) CFO Sami A. Siddiqui sold 18,477 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $62.35, for a total value of $1,152,040.95. Following the transaction, the chief financial officer now owns 55,761 shares of the company’s stock, valued at $3,476,698.35. This represents a 24.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Restaurant Brands International Stock Up 2.4 %

Shares of NYSE QSR opened at $65.25 on Friday. 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 company has a 50-day moving average price of $63.47 and a 200-day moving average price of $67.63. The stock has a market capitalization of $21.17 billion, a P/E ratio of 20.52, a P/E/G ratio of 1.77 and a beta of 0.93. Restaurant Brands International Inc. has a 1 year low of $59.67 and a 1 year high of $83.29.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings data on Wednesday, February 12th. The restaurant operator reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.29). Restaurant Brands International had a return on equity of 28.53% and a net margin of 12.15%. On average, equities research analysts forecast that Restaurant Brands International Inc. will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 21st will be given a $0.62 dividend. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.58. This represents a $2.48 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date is Friday, March 21st. Restaurant Brands International’s dividend payout ratio is presently 77.99%.

Hedge Funds Weigh In On Restaurant Brands International

Several large investors have recently bought and sold shares of the stock. Capital World Investors raised its holdings in shares of Restaurant Brands International by 2.0% in the fourth quarter. Capital World Investors now owns 43,418,188 shares of the restaurant operator’s stock valued at $2,829,974,000 after purchasing an additional 841,167 shares during the last quarter. Vanguard Group Inc. grew its position in Restaurant Brands International by 3.3% in the 4th quarter. Vanguard Group Inc. now owns 13,165,498 shares of the restaurant operator’s stock worth $858,101,000 after purchasing an additional 421,873 shares in the last quarter. EdgePoint Investment Group Inc. increased its stake in Restaurant Brands International by 26.6% in the 4th quarter. EdgePoint Investment Group Inc. now owns 12,819,570 shares of the restaurant operator’s stock valued at $834,478,000 after buying an additional 2,695,071 shares during the last quarter. Norges Bank purchased a new stake in Restaurant Brands International in the 4th quarter valued at about $264,813,000. Finally, Fiera Capital Corp lifted its position in shares of Restaurant Brands International by 6.5% during the 3rd quarter. Fiera Capital Corp now owns 3,744,620 shares of the restaurant operator’s stock worth $270,554,000 after buying an additional 227,203 shares in the last quarter. 82.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on QSR shares. Wells Fargo & Company decreased their price target on Restaurant Brands International from $72.00 to $69.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 8th. Evercore ISI decreased their target price on Restaurant Brands International from $93.00 to $90.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Citigroup lifted their price target on Restaurant Brands International from $65.00 to $67.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. KeyCorp decreased their price objective on shares of Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating on the stock in a report on Wednesday, November 6th. Finally, Barclays dropped their target price on shares of Restaurant Brands International from $83.00 to $80.00 and set an “overweight” rating for the company in a research note on Thursday, February 13th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $77.96.

About Restaurant Brands International

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.