Restaurant Brands International Inc (TSE:QSR) (NYSE:QSR) insider José E. Cil sold 38,480 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of C$65.00, for a total transaction of C$2,501,200.00.
Restaurant Brands International Inc (QSR) opened at C$82.49 on Wednesday. Restaurant Brands International Inc has a 12 month low of C$57.95 and a 12 month high of C$88.36.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Friday, December 15th will be paid a $0.262 dividend. This represents a $1.05 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend is Thursday, December 14th. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.20. Restaurant Brands International’s dividend payout ratio is currently 79.57%.
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Several research firms have weighed in on QSR. CSFB upgraded shares of Restaurant Brands International from a “neutral” rating to an “outperform” rating in a research note on Thursday, September 7th. Royal Bank Of Canada upped their price objective on shares of Restaurant Brands International to C$97.00 and gave the company an “outperform” rating in a research note on Monday, October 23rd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Restaurant Brands International has a consensus rating of “Buy” and a consensus target price of C$81.25.
Restaurant Brands International Company Profile
Restaurant Brands International Inc is a quick service restaurant (QSR) company. The Company had over 20,000 restaurants in more than 100 countries and the United States territories, as of December 31, 2016. It operates through two segments: Tim Hortons (TH) and Burger King (BK). Tim Hortons restaurants are quick service restaurants with a menu that includes blend coffee, tea, espresso-based hot and cold specialty drinks, baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps and soups, among others.
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