Insider Selling: Restaurant Brands International Inc. (NYSE:QSR) CEO Sells 93,619 Shares of Stock

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) CEO Joshua Kobza sold 93,619 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $62.35, for a total value of $5,837,144.65. Following the transaction, the chief executive officer now directly owns 848,578 shares in the company, valued at approximately $52,908,838.30. This represents a 9.94 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Monday, January 6th, Joshua Kobza sold 12,420 shares of Restaurant Brands International stock. The shares were sold at an average price of $64.20, for a total value of $797,364.00.

Restaurant Brands International Price Performance

Shares of QSR stock opened at $63.72 on Thursday. The stock’s fifty day simple moving average is $63.48 and its 200 day simple moving average is $67.65. 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 cap of $20.67 billion, a price-to-earnings ratio of 20.04, a P/E/G ratio of 1.77 and a beta of 0.93. Restaurant Brands International Inc. has a one year low of $59.67 and a one year high of $83.29.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 EPS for the quarter, missing the consensus estimate of $1.10 by ($0.29). Restaurant Brands International had a net margin of 12.15% and a return on equity of 28.53%. On average, analysts expect that Restaurant Brands International Inc. will post 3.72 earnings per share 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 paid a $0.62 dividend. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend is Friday, March 21st. This represents a $2.48 annualized dividend and a yield of 3.89%. Restaurant Brands International’s payout ratio is currently 77.99%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on QSR shares. Wells Fargo & Company lowered their price objective on Restaurant Brands International from $72.00 to $69.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 8th. TD Securities reaffirmed a “hold” rating and issued a $70.00 target price on shares of Restaurant Brands International in a report on Tuesday. Royal Bank of Canada lowered their target price 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. Barclays lowered their target price on Restaurant Brands International from $83.00 to $80.00 and set an “overweight” rating on the stock in a report on Thursday, February 13th. Finally, CIBC lowered their target price on Restaurant Brands International from $86.00 to $78.00 and set an “outperform” rating on the stock in a report on Thursday, February 13th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $77.96.

Institutional Trading of Restaurant Brands International

Several institutional investors have recently bought and sold shares of QSR. Blue Trust Inc. boosted its stake in Restaurant Brands International by 123.9% in the 3rd quarter. Blue Trust Inc. now owns 1,388 shares of the restaurant operator’s stock valued at $98,000 after buying an additional 768 shares in the last quarter. Private Advisor Group LLC acquired a new position in Restaurant Brands International in the third quarter worth $257,000. International Assets Investment Management LLC acquired a new position in Restaurant Brands International in the third quarter worth $4,596,000. Assenagon Asset Management S.A. boosted its stake in Restaurant Brands International by 379.6% in the third quarter. Assenagon Asset Management S.A. now owns 22,575 shares of the restaurant operator’s stock worth $1,628,000 after purchasing an additional 17,868 shares in the last quarter. Finally, Forsta AP Fonden boosted its stake in Restaurant Brands International by 32.7% in the third quarter. Forsta AP Fonden now owns 157,000 shares of the restaurant operator’s stock worth $11,341,000 after purchasing an additional 38,700 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 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.