Restaurant Brands International Inc. (NYSE:QSR) CEO Sells $4,681,713.60 in Stock

Restaurant Brands International Inc. (NYSE:QSR - Get Free Report) TSE: QSR CEO Joshua Kobza sold 72,720 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $64.38, for a total value of $4,681,713.60. Following the completion of the sale, the chief executive officer now owns 961,295 shares in the company, valued at approximately $61,888,172.10. The trade was a 7.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Joshua Kobza also recently made the following trade(s):

• On Friday, February 21st, Joshua Kobza sold 93,619 shares of Restaurant Brands International stock. The stock was sold at an average price of $62.35, for a total value of $5,837,144.65.
• On Monday, January 6th, Joshua Kobza sold 12,420 shares of Restaurant Brands International stock. The stock was sold at an average price of $64.20, for a total value of $797,364.00.

Restaurant Brands International Stock Down 0.7 %

Shares of Restaurant Brands International stock traded down $0.46 during trading on Monday, reaching $64.79. The company's stock had a trading volume of 1,198,407 shares, compared to its average volume of 2,216,490. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 2.75. The company has a market cap of $21.02 billion, a price-to-earnings ratio of 20.37, a P/E/G ratio of 1.77 and a beta of 0.93. Restaurant Brands International Inc. has a 1-year low of $59.67 and a 1-year high of $83.29. The company has a 50-day simple moving average of $63.41 and a two-hundred day simple moving average of $67.51.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last posted its quarterly earnings data on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share for the quarter, missing analysts' consensus estimates of $1.10 by ($0.29). Restaurant Brands International had a return on equity of 28.53% and a net margin of 12.15%. As a group, equities analysts forecast that Restaurant Brands International Inc. will post 3.72 earnings per share for the current year.

Restaurant Brands International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 21st will be paid a $0.62 dividend. This is a positive change from Restaurant Brands International's previous quarterly dividend of $0.58. The ex-dividend date is Friday, March 21st. This represents a $2.48 dividend on an annualized basis and a yield of 3.83%. Restaurant Brands International's dividend payout ratio (DPR) is 77.99%.

Analysts Set New Price Targets

Several brokerages recently issued reports on QSR. Truist Financial dropped their price objective on Restaurant Brands International from $85.00 to $83.00 and set a "buy" rating on the stock in a research note on Thursday, February 13th. Royal Bank of Canada dropped their price objective on Restaurant Brands International from $95.00 to $90.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 6th. Evercore ISI dropped their price objective on Restaurant Brands International from $93.00 to $90.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 6th. Oppenheimer dropped their price objective on Restaurant Brands International from $86.00 to $77.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 7th. Finally, Jefferies Financial Group dropped their price objective on Restaurant Brands International from $73.00 to $67.00 and set an "equal weight" rating on the stock in a research note on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $77.33.

Hedge Funds Weigh In On Restaurant Brands International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in QSR. Norges Bank purchased a new position in Restaurant Brands International in the 4th quarter worth $264,813,000. Meritage Group LP raised its stake in Restaurant Brands International by 5,795.9% in the 4th quarter. Meritage Group LP now owns 3,301,689 shares of the restaurant operator's stock worth $215,204,000 after acquiring an additional 3,245,689 shares during the last quarter. Baupost Group LLC MA raised its stake in Restaurant Brands International by 10,155.5% in the 4th quarter. Baupost Group LLC MA now owns 2,901,700 shares of the restaurant operator's stock worth $189,133,000 after acquiring an additional 2,873,406 shares during the last quarter. EdgePoint Investment Group Inc. raised its stake in Restaurant Brands International by 26.6% in the 4th quarter. EdgePoint Investment Group Inc. now owns 12,819,570 shares of the restaurant operator's stock worth $834,478,000 after acquiring an additional 2,695,071 shares during the last quarter. Finally, National Bank of Canada FI raised its stake in Restaurant Brands International by 68.6% in the 3rd quarter. National Bank of Canada FI now owns 3,181,459 shares of the restaurant operator's stock worth $229,545,000 after acquiring an additional 1,294,185 shares during the last quarter. Hedge funds and other institutional investors own 82.29% of the company's stock.

About Restaurant Brands International

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.