Insider Selling: Restaurant Brands International Inc. (NYSE:QSR) Director Sells 8,537 Shares of Stock

Restaurant Brands International Inc. (NYSE:QSR - Get Free Report) TSE: QSR Director Ali Hedayat sold 8,537 shares of the business's stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $74.75, for a total value of $638,140.75. Following the completion of the sale, the director now owns 22,881 shares in the company, valued at approximately $1,710,354.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Restaurant Brands International Trading Down 1.4 %

Restaurant Brands International stock traded down $1.05 during trading hours on Tuesday, hitting $74.30. The stock had a trading volume of 1,655,334 shares, compared to its average volume of 1,508,073. The company has a quick ratio of 1.00, a current ratio of 1.08 and a debt-to-equity ratio of 2.72. The stock has a market cap of $23.51 billion, a price-to-earnings ratio of 19.15, a P/E/G ratio of 2.30 and a beta of 0.92. Restaurant Brands International Inc. has a one year low of $61.77 and a one year high of $83.29. The business's 50 day simple moving average is $76.52 and its 200-day simple moving average is $74.87.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last issued its quarterly earnings data on Tuesday, April 30th. The restaurant operator reported $0.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.72 by $0.01. Restaurant Brands International had a return on equity of 31.12% and a net margin of 17.17%. The company had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.70 billion. During the same period last year, the company earned $0.75 earnings per share. The firm's revenue was up 9.4% compared to the same quarter last year. On average, equities analysts predict that Restaurant Brands International Inc. will post 3.37 EPS for the current fiscal year.

Restaurant Brands International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, June 21st will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Friday, June 21st. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.12%. Restaurant Brands International's dividend payout ratio (DPR) is 59.79%.

Hedge Funds Weigh In On Restaurant Brands International

Hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC grew its stake in Restaurant Brands International by 223.3% during the third quarter. SG Americas Securities LLC now owns 5,696 shares of the restaurant operator's stock worth $379,000 after purchasing an additional 3,934 shares during the period. Commonwealth Equity Services LLC grew its stake in Restaurant Brands International by 4.9% during the third quarter. Commonwealth Equity Services LLC now owns 28,569 shares of the restaurant operator's stock worth $1,903,000 after purchasing an additional 1,338 shares during the period. Cambridge Investment Research Advisors Inc. grew its stake in Restaurant Brands International by 4.7% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 15,548 shares of the restaurant operator's stock worth $1,036,000 after purchasing an additional 693 shares during the period. Stratos Wealth Partners LTD. grew its stake in Restaurant Brands International by 16.1% during the third quarter. Stratos Wealth Partners LTD. now owns 6,329 shares of the restaurant operator's stock worth $422,000 after purchasing an additional 878 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in Restaurant Brands International by 7.8% during the third quarter. Bank of New York Mellon Corp now owns 1,918,585 shares of the restaurant operator's stock worth $127,816,000 after purchasing an additional 138,215 shares during the period. 82.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on QSR shares. Guggenheim upped their price objective on Restaurant Brands International from $70.00 to $74.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 14th. BMO Capital Markets upped their price objective on Restaurant Brands International from $85.00 to $90.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 14th. Evercore upped their price objective on Restaurant Brands International from $88.00 to $93.00 and gave the stock a "buy" rating in a research note on Wednesday, February 28th. Evercore ISI upped their price objective on Restaurant Brands International from $88.00 to $93.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 28th. Finally, Robert W. Baird increased their price target on Restaurant Brands International from $76.00 to $82.00 and gave the company a "neutral" rating in a research note on Wednesday, May 1st. One analyst has rated the stock with a sell rating, ten have given a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Restaurant Brands International presently has an average rating of "Moderate Buy" and an average target price of $83.56.

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.

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