Restaurant Brands International (NYSE:QSR) Sees Unusually-High Trading Volume - Here's Why

Shares of Restaurant Brands International Inc. (NYSE:QSR - Get Free Report) TSE: QSR saw strong trading volume on Monday . 4,844,074 shares were traded during mid-day trading, an increase of 150% from the previous session's volume of 1,939,371 shares.The stock last traded at $66.15 and had previously closed at $66.07.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. UBS Group reduced their target price on shares of Restaurant Brands International from $90.00 to $85.00 and set a "buy" rating for the company in a research report on Monday, May 5th. CIBC reduced their target price on shares of Restaurant Brands International from $78.00 to $77.00 and set an "outperformer" rating for the company in a research report on Friday, May 9th. Argus raised shares of Restaurant Brands International from a "hold" rating to a "buy" rating in a research report on Wednesday, March 19th. Loop Capital reissued a "buy" rating on shares of Restaurant Brands International in a research report on Tuesday, March 18th. Finally, Morgan Stanley boosted their price target on Restaurant Brands International from $72.00 to $73.00 and gave the company an "equal weight" rating in a research note on Friday, May 9th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $75.68.

Restaurant Brands International Trading Down 0.8%

The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.90 and a current ratio of 0.96. The firm has a 50 day simple moving average of $67.54 and a two-hundred day simple moving average of $65.71. The firm has a market capitalization of $21.45 billion, a P/E ratio of 22.18, a PEG ratio of 1.96 and a beta of 0.61.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last issued its quarterly earnings data on Thursday, May 8th. The restaurant operator reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.03). Restaurant Brands International had a net margin of 10.82% and a return on equity of 28.94%. The company had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter last year, the business posted $0.73 earnings per share. Restaurant Brands International's revenue was up 21.3% on a year-over-year basis. Equities research analysts forecast that Restaurant Brands International Inc. will post 3.72 earnings per share for the current year.

Restaurant Brands International Announces Dividend

The business 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 dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 3.79%. The ex-dividend date of this dividend is Tuesday, June 24th. Restaurant Brands International's dividend payout ratio (DPR) is presently 84.07%.

Insider Buying and Selling at Restaurant Brands International

In other news, insider Jacqueline Friesner sold 70,000 shares of Restaurant Brands International stock in a transaction on 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 document filed with the SEC, which is available at this hyperlink. Company insiders own 1.36% of the company's stock.

Institutional Investors Weigh In On Restaurant Brands International

A number of hedge funds have recently made changes to their positions in QSR. Norges Bank bought a new stake in shares of Restaurant Brands International during the 4th quarter worth $264,813,000. Davis Selected Advisers bought a new stake in shares of Restaurant Brands International during the 1st quarter worth $224,744,000. Meritage Group LP increased its holdings in Restaurant Brands International by 5,795.9% in the 4th quarter. Meritage Group LP now owns 3,301,689 shares of the restaurant operator's stock worth $215,204,000 after acquiring an additional 3,245,689 shares during the last quarter. Royal Bank of Canada increased its holdings in Restaurant Brands International by 16.7% in the 1st quarter. Royal Bank of Canada now owns 22,626,635 shares of the restaurant operator's stock worth $1,507,839,000 after acquiring an additional 3,230,735 shares during the last quarter. Finally, Baupost Group LLC MA increased its holdings in Restaurant Brands International by 10,155.5% in the 4th quarter. Baupost Group LLC MA now owns 2,901,700 shares of the restaurant operator's stock worth $189,133,000 after acquiring an additional 2,873,406 shares during the last quarter. 82.29% of the stock is currently owned by institutional investors.

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.