Insider Selling: Restaurant Brands International (NYSE:QSR) Insider Sells 5,860 Shares of Stock

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) insider Axel Schwan sold 5,860 shares of Restaurant Brands International stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $70.87, for a total value of $415,298.20. Following the sale, the insider owned 159,757 shares in the company, valued at $11,321,978.59. This trade represents a 3.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Axel Schwan also recently made the following trade(s):

• On Monday, December 15th, Axel Schwan sold 5,860 shares of Restaurant Brands International stock. The shares were sold at an average price of $70.87, for a total value of $415,298.20.

Restaurant Brands International Stock Performance

QSR traded down $0.35 during trading on Wednesday, hitting $70.12. 2,714,072 shares of the stock were exchanged, compared to its average volume of 2,572,145. The company has a quick ratio of 0.98, a current ratio of 1.06 and a debt-to-equity ratio of 2.65. Restaurant Brands International Inc. has a 1-year low of $58.71 and a 1-year high of $73.70. The stock has a fifty day moving average price of $69.00 and a two-hundred day moving average price of $67.30. The firm has a market capitalization of $22.99 billion, a P/E ratio of 24.95, a PEG ratio of 2.82 and a beta of 0.60.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its earnings results on Thursday, October 30th. The restaurant operator reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.03. The business had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.39 billion. Restaurant Brands International had a net margin of 9.95% and a return on equity of 32.43%. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period last year, the firm posted $0.93 earnings per share. As a group, sell-side analysts predict 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, January 6th. Shareholders of record on Tuesday, December 23rd will be paid a dividend of $0.62 per share. The ex-dividend date of this dividend is Tuesday, December 23rd. This represents a $2.48 annualized dividend and a yield of 3.5%. Restaurant Brands International’s dividend payout ratio is currently 88.26%.

Institutional Trading of Restaurant Brands International

Institutional investors and hedge funds have recently bought and sold shares of the business. Swiss Life Asset Management Ltd grew its stake in Restaurant Brands International by 15.1% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 21,274 shares of the restaurant operator’s stock valued at $1,367,000 after buying an additional 2,797 shares during the last quarter. CIBC Private Wealth Group LLC lifted its position in Restaurant Brands International by 2.7% during the third quarter. CIBC Private Wealth Group LLC now owns 14,694 shares of the restaurant operator’s stock worth $942,000 after purchasing an additional 384 shares during the period. CIBC Bancorp USA Inc. acquired a new stake in Restaurant Brands International during the third quarter worth about $1,169,000. Coldstream Capital Management Inc. increased its holdings in Restaurant Brands International by 11.6% in the 3rd quarter. Coldstream Capital Management Inc. now owns 3,393 shares of the restaurant operator’s stock valued at $218,000 after buying an additional 354 shares during the period. Finally, Aspire Private Capital LLC raised its position in shares of Restaurant Brands International by 8.0% in the 3rd quarter. Aspire Private Capital LLC now owns 25,060 shares of the restaurant operator’s stock valued at $1,607,000 after buying an additional 1,849 shares in the last quarter. Institutional investors own 82.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on QSR. Scotiabank increased their target price on Restaurant Brands International from $73.00 to $74.00 and gave the stock a “sector perform” rating in a research note on Friday, October 31st. Oppenheimer reaffirmed an “outperform” rating and issued a $80.00 price objective on shares of Restaurant Brands International in a research note on Tuesday, November 25th. Robert W. Baird upped their price target on Restaurant Brands International from $68.00 to $72.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $82.00 price target on shares of Restaurant Brands International in a report on Tuesday, December 9th. Finally, Morgan Stanley set a $77.00 target price on shares of Restaurant Brands International in a research note on Tuesday, October 21st. Ten investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $75.45.

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.