Sami Siddiqui Sells 10,913 Shares of Restaurant Brands International (NYSE:QSR) Stock

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) CFO Sami Siddiqui sold 10,913 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $70.87, for a total value of $773,404.31. Following the transaction, the chief financial officer directly owned 10,609 shares of the company’s stock, valued at $751,859.83. The trade was a 50.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Restaurant Brands International Trading Down 0.5%

Shares of QSR stock traded down $0.35 during trading hours on Wednesday, reaching $70.12. The company’s stock had a trading volume of 2,714,072 shares, compared to its average volume of 2,572,145. 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’s fifty day simple moving average is $69.00 and its 200 day simple moving average is $67.30. The stock has a market capitalization of $22.99 billion, a P/E ratio of 24.95, a P/E/G ratio of 2.82 and a beta of 0.60. Restaurant Brands International Inc. has a one year low of $58.71 and a one year high of $73.70.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its earnings results on Thursday, October 30th. The restaurant operator reported $1.03 EPS for the quarter, topping 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 last year, the company posted $0.93 EPS. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. Equities research analysts expect that Restaurant Brands International Inc. will post 3.72 EPS for the current year.

Restaurant Brands International Dividend Announcement

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Steigerwald Gordon & Koch Inc. bought a new position in shares of Restaurant Brands International in the third quarter worth approximately $29,000. Legend Financial Advisors Inc. bought a new position in Restaurant Brands International in the 2nd quarter valued at approximately $33,000. CX Institutional lifted its position in Restaurant Brands International by 928.0% in the 2nd quarter. CX Institutional now owns 514 shares of the restaurant operator’s stock valued at $34,000 after acquiring an additional 464 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in Restaurant Brands International by 91.2% during the 1st quarter. Smartleaf Asset Management LLC now owns 545 shares of the restaurant operator’s stock valued at $35,000 after purchasing an additional 260 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC bought a new stake in shares of Restaurant Brands International in the 2nd quarter worth $35,000. 82.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Scotiabank upped their price target 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 restated an “outperform” rating and set a $80.00 target price on shares of Restaurant Brands International in a report on Tuesday, November 25th. Robert W. Baird increased their price target on shares of Restaurant Brands International from $68.00 to $72.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Weiss Ratings reissued a “hold (c+)” rating on shares of Restaurant Brands International in a research note on Wednesday, October 8th. Finally, Morgan Stanley set a $77.00 price objective on shares of Restaurant Brands International in a report on Tuesday, October 21st. Ten research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price 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.