Restaurant Brands International (NYSE:QSR) Sees Strong Trading Volume - Time to Buy?

Shares of Restaurant Brands International Inc. (NYSE:QSR - Get Free Report) TSE: QSR saw an uptick in 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.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on QSR. UBS Group reduced their target price on Restaurant Brands International from $90.00 to $85.00 and set a "buy" rating on the stock in a research note on Monday, May 5th. Wells Fargo & Company reduced their target price on Restaurant Brands International from $69.00 to $66.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. Citigroup reduced their target price on Restaurant Brands International from $67.00 to $66.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. Argus raised Restaurant Brands International from a "hold" rating to a "buy" rating in a research note on Wednesday, March 19th. Finally, Loop Capital reaffirmed a "buy" rating on shares of Restaurant Brands International in a research note on Thursday. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $75.68.

Restaurant Brands International Trading Up 1.1%

The firm has a market cap of $21.49 billion, a PE ratio of 22.23, a PEG ratio of 1.93 and a beta of 0.61. The firm has a fifty day simple moving average of $67.65 and a two-hundred day simple moving average of $65.70. The company has a current ratio of 0.96, a quick ratio of 0.90 and a debt-to-equity ratio of 2.84.

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 analysts' consensus estimates of $0.78 by ($0.03). The business had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2.17 billion. Restaurant Brands International had a return on equity of 28.94% and a net margin of 10.82%. Restaurant Brands International's quarterly revenue was up 21.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.73 earnings per share. Equities analysts forecast that Restaurant Brands International Inc. will post 3.72 EPS for the current year.

Restaurant Brands International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Tuesday, June 24th will be given a $0.62 dividend. The ex-dividend date of this dividend is Tuesday, June 24th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.78%. Restaurant Brands International's dividend payout ratio is currently 84.07%.

Insider Transactions at Restaurant Brands International

In other news, insider Jacqueline Friesner sold 70,000 shares of Restaurant Brands International stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $70.08, for a total value of $4,905,600.00. Following the sale, the insider now directly owns 182,897 shares in the company, valued at approximately $12,817,421.76. This trade represents a 27.68% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.36% of the company's stock.

Institutional Trading of Restaurant Brands International

Several large investors have recently bought and sold shares of QSR. Norges Bank bought a new stake in Restaurant Brands International during the 4th quarter valued at approximately $264,813,000. Davis Selected Advisers bought a new stake in Restaurant Brands International during the 1st quarter valued at approximately $224,744,000. Meritage Group LP boosted its position in Restaurant Brands International by 5,795.9% during the 4th quarter. Meritage Group LP now owns 3,301,689 shares of the restaurant operator's stock valued at $215,204,000 after acquiring an additional 3,245,689 shares in the last quarter. Royal Bank of Canada boosted its position in Restaurant Brands International by 16.7% during the 1st quarter. Royal Bank of Canada now owns 22,626,635 shares of the restaurant operator's stock valued at $1,507,839,000 after acquiring an additional 3,230,735 shares in the last quarter. Finally, Baupost Group LLC MA boosted its position in Restaurant Brands International by 10,155.5% during the 4th quarter. Baupost Group LLC MA now owns 2,901,700 shares of the restaurant operator's stock valued at $189,133,000 after acquiring an additional 2,873,406 shares in the last quarter. 82.29% of the stock is owned by institutional investors.

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.