Insider Selling: Restaurant Brands International Inc. (NYSE:QSR) CEO Sells $5,837,144.65 in Stock

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) CEO Joshua Kobza sold 93,619 shares of the business’s stock in a transaction on Friday, February 21st. The stock was 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 of the company’s stock, valued at $52,908,838.30. The trade was a 9.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Tuesday, February 25th, Joshua Kobza sold 72,720 shares of Restaurant Brands International stock. The shares were sold at an average price of $64.38, for a total transaction of $4,681,713.60.
• On Monday, January 6th, Joshua Kobza sold 12,420 shares of Restaurant Brands International stock. The stock was sold at an average price of $64.20, for a total value of $797,364.00.

Restaurant Brands International Stock Up 2.4 %

Shares of NYSE:QSR opened at $65.25 on Friday. Restaurant Brands International Inc. has a fifty-two week low of $59.67 and a fifty-two week high of $83.29. The firm’s 50-day simple moving average is $63.47 and its 200-day simple moving average is $67.63. The company has a market cap of $21.17 billion, a price-to-earnings ratio of 20.52, a PEG ratio of 1.77 and a beta of 0.93. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 2.75.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings data on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share 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%. As a group, equities research analysts predict that Restaurant Brands International Inc. will post 3.72 earnings per share for the current year.

Restaurant Brands International Increases Dividend

The business also recently disclosed 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 boost from Restaurant Brands International’s previous quarterly dividend of $0.58. The ex-dividend date is Friday, March 21st. This represents a $2.48 annualized dividend and a dividend yield of 3.80%. Restaurant Brands International’s dividend payout ratio (DPR) is 77.99%.

Institutional Investors Weigh In On Restaurant Brands International

A number of hedge funds and other institutional investors have recently modified their holdings of QSR. Public Employees Retirement System of Ohio increased its stake in Restaurant Brands International by 110.2% in the 4th quarter. Public Employees Retirement System of Ohio now owns 53,873 shares of the restaurant operator’s stock valued at $3,510,000 after purchasing an additional 28,248 shares in the last quarter. Burgundy Asset Management Ltd. grew its holdings in Restaurant Brands International by 0.4% in the fourth quarter. Burgundy Asset Management Ltd. now owns 1,167,299 shares of the restaurant operator’s stock valued at $76,006,000 after purchasing an additional 4,464 shares during the last quarter. Vise Technologies Inc. increased its position in shares of Restaurant Brands International by 29.2% in the fourth quarter. Vise Technologies Inc. now owns 4,734 shares of the restaurant operator’s stock valued at $309,000 after buying an additional 1,071 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of Restaurant Brands International by 967.0% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,087,542 shares of the restaurant operator’s stock worth $70,793,000 after buying an additional 985,615 shares during the last quarter. Finally, Waverly Advisors LLC raised its stake in shares of Restaurant Brands International by 19.5% during the 4th quarter. Waverly Advisors LLC now owns 5,606 shares of the restaurant operator’s stock worth $365,000 after buying an additional 915 shares during the last quarter. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Royal Bank of Canada decreased their target price on Restaurant Brands International from $95.00 to $90.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. Truist Financial lowered their target price on shares of Restaurant Brands International from $85.00 to $83.00 and set a “buy” rating for the company in a report on Thursday, February 13th. Jefferies Financial Group cut their price target on shares of Restaurant Brands International from $73.00 to $67.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 30th. Citigroup boosted their price target on shares of Restaurant Brands International from $65.00 to $67.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Finally, Morgan Stanley cut their target price on Restaurant Brands International from $81.00 to $73.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus 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.