Joshua Kobza Sells 25,472 Shares of Restaurant Brands International (NYSE:QSR) Stock

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) CEO Joshua Kobza sold 25,472 shares of the firm’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $70.91, for a total value of $1,806,219.52. Following the sale, the chief executive officer owned 961,282 shares of the company’s stock, valued at $68,164,506.62. This represents a 2.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Restaurant Brands International Stock Down 0.5%

QSR stock traded down $0.35 during midday trading on Wednesday, hitting $70.12. 2,714,072 shares of the company’s stock were exchanged, compared to its average volume of 2,572,145. The stock has a market capitalization of $22.99 billion, a price-to-earnings ratio of 24.95, a price-to-earnings-growth ratio of 2.82 and a beta of 0.60. The company has a current ratio of 1.06, a quick ratio of 0.98 and a debt-to-equity ratio of 2.65. The firm has a 50 day moving average price of $69.00 and a 200-day moving average price of $67.30. Restaurant Brands International Inc. has a 12-month low of $58.71 and a 12-month high of $73.70.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings data on Thursday, October 30th. The restaurant operator reported $1.03 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.03. The company had revenue of $2.45 billion during 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 firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period last year, the business earned $0.93 EPS. On average, analysts anticipate that Restaurant Brands International Inc. will post 3.72 EPS for the current year.

Restaurant Brands International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Tuesday, December 23rd will be issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Tuesday, December 23rd. Restaurant Brands International’s payout ratio is 88.26%.

Institutional Trading of Restaurant Brands International

A number of large investors have recently added to or reduced their stakes in QSR. Swiss Life Asset Management Ltd boosted its stake in shares of Restaurant Brands International by 15.1% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 21,274 shares of the restaurant operator’s stock worth $1,367,000 after acquiring an additional 2,797 shares in the last quarter. CIBC Private Wealth Group LLC increased its stake in Restaurant Brands International by 2.7% in the 3rd 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 in the last quarter. CIBC Bancorp USA Inc. purchased a new position in Restaurant Brands International in the 3rd quarter worth about $1,169,000. Coldstream Capital Management Inc. raised its holdings in Restaurant Brands International by 11.6% during the 3rd quarter. Coldstream Capital Management Inc. now owns 3,393 shares of the restaurant operator’s stock worth $218,000 after buying an additional 354 shares during the period. Finally, Aspire Private Capital LLC lifted its stake in Restaurant Brands International by 8.0% during the third 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. 82.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

QSR has been the topic of several research analyst reports. Northcoast Research cut Restaurant Brands International from a “buy” rating to a “neutral” rating in a research note on Friday, September 12th. Scotiabank increased their price objective on shares of 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. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $82.00 target price on shares of Restaurant Brands International in a report on Tuesday, December 9th. Argus raised Restaurant Brands International from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a research report on Tuesday, December 2nd. Finally, Morgan Stanley set a $77.00 price objective on shares of Restaurant Brands International in a research report on Tuesday, October 21st. Ten investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus 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.