Duncan Fulton Sells 27,500 Shares of Restaurant Brands International Inc. (NYSE:QSR) Stock

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) insider Duncan Fulton sold 27,500 shares of the company’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $64.66, for a total transaction of $1,778,150.00. Following the completion of the transaction, the insider now owns 34,822 shares of the company’s stock, valued at $2,251,590.52. This represents a 44.13 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Duncan Fulton also recently made the following trade(s):

• On Friday, February 21st, Duncan Fulton sold 15,974 shares of Restaurant Brands International stock. The shares were sold at an average price of $62.48, for a total value of $998,055.52.

Restaurant Brands International Price Performance

NYSE:QSR traded up $1.55 during trading hours on Thursday, reaching $65.25. 1,652,394 shares of the company traded hands, compared to its average volume of 2,251,881. 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’s 50-day moving average is $63.48 and its 200-day moving average is $67.65. The stock has a market cap 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 posted 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 net margin of 12.15% and a return on equity of 28.53%. Equities research 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 company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 21st will be issued a dividend of $0.62 per share. The ex-dividend date is Friday, March 21st. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.58. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.80%. Restaurant Brands International’s payout ratio is 77.99%.

Hedge Funds Weigh In On Restaurant Brands International

Institutional investors have recently modified their holdings of the company. Blue Trust Inc. grew 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 worth $98,000 after acquiring an additional 768 shares during the period. Private Advisor Group LLC purchased a new position in shares of Restaurant Brands International during the 3rd quarter worth $257,000. International Assets Investment Management LLC acquired a new stake in shares of Restaurant Brands International during the third quarter worth $4,596,000. Assenagon Asset Management S.A. grew its position in shares of 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 valued at $1,628,000 after purchasing an additional 17,868 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its stake in Restaurant Brands International by 38.7% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,297 shares of the restaurant operator’s stock valued at $310,000 after purchasing an additional 1,198 shares during the last quarter. Institutional investors and hedge funds own 82.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on QSR shares. KeyCorp dropped their price target on Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 6th. Argus lowered shares of Restaurant Brands International from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th. Barclays reduced their price target on shares of Restaurant Brands International from $83.00 to $80.00 and set an “overweight” rating for the company in a research report on Thursday, February 13th. TD Securities reissued a “hold” rating and set a $70.00 price objective on shares of Restaurant Brands International in a research report on Tuesday. Finally, Citigroup lifted their price objective on shares of Restaurant Brands International from $65.00 to $67.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target 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.