Jacqueline Friesner Sells 70,000 Shares of Restaurant Brands International Inc. (NYSE:QSR) Stock

Restaurant Brands International Inc. (NYSE:QSR - Get Free Report) TSE: QSR insider Jacqueline Friesner sold 70,000 shares of the business's stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $70.08, for a total transaction of $4,905,600.00. Following the sale, the insider now directly owns 182,897 shares in the company, valued at $12,817,421.76. The trade was a 27.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Restaurant Brands International Stock Up 0.9%

Shares of NYSE:QSR traded up $0.64 during trading on Friday, hitting $71.34. 3,459,968 shares of the company were exchanged, compared to its average volume of 1,890,701. The firm's 50 day moving average price is $66.08 and its 200-day moving average price is $65.83. Restaurant Brands International Inc. has a 12-month low of $58.71 and a 12-month high of $75.07. The stock has a market capitalization of $23.37 billion, a P/E ratio of 22.43, a PEG ratio of 1.77 and a beta of 0.60. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.02 and a quick ratio of 0.94.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last released its quarterly earnings results on Thursday, May 8th. The restaurant operator reported $0.75 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.03). Restaurant Brands International had a net margin of 12.15% and a return on equity of 28.53%. The business had revenue of $2.03 billion during the quarter, compared to analysts' expectations of $2.17 billion. During the same quarter last year, the company earned $0.73 EPS. The firm's revenue for the quarter was up 21.3% compared to the same quarter last year. On average, research analysts predict that Restaurant Brands International Inc. will post 3.72 earnings per share for the current fiscal year.

Restaurant Brands International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Shareholders of record on Tuesday, June 24th will be paid a $0.62 dividend. The ex-dividend date of this dividend is Tuesday, June 24th. This represents a $2.48 annualized dividend and a yield of 3.48%. Restaurant Brands International's dividend payout ratio is currently 84.07%.

Hedge Funds Weigh In On Restaurant Brands International

Several institutional investors have recently bought and sold shares of QSR. Dunhill Financial LLC increased its stake in Restaurant Brands International by 100.0% in the 4th quarter. Dunhill Financial LLC now owns 400 shares of the restaurant operator's stock valued at $26,000 after buying an additional 200 shares during the period. HM Payson & Co. acquired a new position in Restaurant Brands International in the 1st quarter valued at $26,000. Venturi Wealth Management LLC increased its stake in Restaurant Brands International by 213.6% in the 4th quarter. Venturi Wealth Management LLC now owns 461 shares of the restaurant operator's stock valued at $30,000 after buying an additional 314 shares during the period. SBI Securities Co. Ltd. acquired a new position in Restaurant Brands International in the 4th quarter valued at $32,000. Finally, Private Trust Co. NA grew its stake in shares of Restaurant Brands International by 96.6% during the 1st quarter. Private Trust Co. NA now owns 519 shares of the restaurant operator's stock worth $35,000 after purchasing an additional 255 shares during the period. 82.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. TD Cowen cut shares of Restaurant Brands International from a "buy" rating to a "hold" rating and set a $70.00 target price for the company. in a report on Friday, February 14th. Argus upgraded shares of Restaurant Brands International from a "hold" rating to a "buy" rating in a research note on Wednesday, March 19th. Loop Capital reissued a "buy" rating on shares of Restaurant Brands International in a report on Tuesday, March 18th. Robert W. Baird decreased their price objective on shares of Restaurant Brands International from $72.00 to $65.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Finally, Oppenheimer lifted their price target on shares of Restaurant Brands International from $77.00 to $80.00 and gave the company an "outperform" rating in a research report on Tuesday, May 27th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $75.91.

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.