Restaurant Brands International (NYSE:QSR) Insider Jacqueline Friesner Sells 1,886 Shares

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) insider Jacqueline Friesner sold 1,886 shares of the stock in a transaction on Monday, December 15th. The shares were sold at an average price of $70.87, for a total value of $133,660.82. Following the sale, the insider directly owned 184,057 shares in the company, valued at $13,044,119.59. This trade represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Jacqueline Friesner also recently made the following trade(s):

• On Monday, December 15th, Jacqueline Friesner sold 1,886 shares of Restaurant Brands International stock. The stock was sold at an average price of $70.87, for a total value of $133,660.82.

Restaurant Brands International Stock Performance

Shares of NYSE QSR traded down $0.35 during trading on Wednesday, reaching $70.12. 2,714,072 shares of the company traded hands, compared to its average volume of 2,572,145. The firm has a 50 day simple moving average of $69.00 and a 200-day simple moving average of $67.30. Restaurant Brands International Inc. has a 52-week low of $58.71 and a 52-week high of $73.70. The stock has a market capitalization of $22.99 billion, a PE ratio of 24.95, a P/E/G ratio of 2.82 and a beta of 0.60. 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 (NYSE:QSR) (TSE:QSR) last released its quarterly earnings data on Thursday, October 30th. The restaurant operator reported $1.03 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.03. Restaurant Brands International had a net margin of 9.95% and a return on equity of 32.43%. The firm had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $2.39 billion. During the same period in the previous year, the company earned $0.93 earnings per share. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. Equities research analysts anticipate that Restaurant Brands International Inc. will post 3.72 earnings per share 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 dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Tuesday, December 23rd. Restaurant Brands International’s dividend payout ratio is presently 88.26%.

Wall Street Analysts Forecast Growth

QSR has been the subject of several research analyst reports. Morgan Stanley set a $77.00 price objective on Restaurant Brands International in a report on Tuesday, October 21st. Robert W. Baird raised their target price on Restaurant Brands International from $68.00 to $72.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. Citigroup increased their price objective on shares of Restaurant Brands International from $72.00 to $74.00 and gave the stock a “neutral” rating in a research note on Thursday, October 16th. Argus raised shares of Restaurant Brands International from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a report on Tuesday, December 2nd. Finally, Scotiabank boosted their target price on shares of Restaurant Brands International from $73.00 to $74.00 and gave the company a “sector perform” rating in a research report on Friday, October 31st. Ten analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $75.45.

Institutional Investors Weigh In On Restaurant Brands International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada raised its stake 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 worth $1,507,839,000 after acquiring an additional 3,230,735 shares during the period. Vanguard Group Inc. boosted its position in shares of Restaurant Brands International by 2.2% in the third quarter. Vanguard Group Inc. now owns 15,639,519 shares of the restaurant operator’s stock worth $1,003,301,000 after purchasing an additional 335,793 shares during the period. EdgePoint Investment Group Inc. increased its stake in shares of Restaurant Brands International by 15.4% in the third quarter. EdgePoint Investment Group Inc. now owns 14,903,208 shares of the restaurant operator’s stock worth $955,855,000 after purchasing an additional 1,983,354 shares in the last quarter. Baupost Group LLC MA increased its stake in shares of Restaurant Brands International by 103.8% in the third quarter. Baupost Group LLC MA now owns 8,252,862 shares of the restaurant operator’s stock worth $529,337,000 after purchasing an additional 4,203,300 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of Restaurant Brands International by 0.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,108,527 shares of the restaurant operator’s stock valued at $540,352,000 after purchasing an additional 47,192 shares during the period. 82.29% of the stock is owned by hedge funds and other 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.