Restaurant Brands International Inc. (NYSE:QSR) CFO Sells $1,152,040.95 in Stock

Restaurant Brands International Inc. (NYSE:QSR - Get Free Report) TSE: QSR CFO Sami A. Siddiqui sold 18,477 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $62.35, for a total value of $1,152,040.95. Following the completion of the transaction, the chief financial officer now owns 55,761 shares of the company's stock, valued at $3,476,698.35. The trade was a 24.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Restaurant Brands International Stock Up 0.1 %

NYSE QSR traded up $0.05 during trading hours on Friday, hitting $65.24. The company's stock had a trading volume of 1,889,736 shares, compared to its average volume of 2,242,596. Restaurant Brands International Inc. has a 52 week low of $59.67 and a 52 week high of $83.29. The company has a market capitalization of $21.17 billion, a PE ratio of 20.52, a price-to-earnings-growth ratio of 1.77 and a beta of 0.93. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75. The company's 50-day simple moving average is $63.44 and its two-hundred day simple moving average is $67.60.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last announced its quarterly earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share for the quarter, missing the consensus estimate of $1.10 by ($0.29). Restaurant Brands International had a net margin of 12.15% and a return on equity of 28.53%. Research analysts anticipate that Restaurant Brands International Inc. will post 3.72 EPS for the current fiscal year.

Restaurant Brands International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 21st will be given a $0.62 dividend. This is a boost from Restaurant Brands International's previous quarterly dividend of $0.58. The ex-dividend date is Friday, March 21st. This represents a $2.48 annualized dividend and a yield of 3.80%. Restaurant Brands International's dividend payout ratio (DPR) is presently 77.99%.

Hedge Funds Weigh In On Restaurant Brands International

Hedge funds have recently modified their holdings of the company. Summerhill Capital Management lnc. bought a new position in shares of Restaurant Brands International during the 4th quarter worth approximately $841,000. Baskin Financial Services Inc. lifted its position in shares of Restaurant Brands International by 2.8% during the 4th quarter. Baskin Financial Services Inc. now owns 332,594 shares of the restaurant operator's stock worth $21,664,000 after buying an additional 9,208 shares in the last quarter. Alberta Investment Management Corp lifted its position in shares of Restaurant Brands International by 0.7% during the 4th quarter. Alberta Investment Management Corp now owns 914,500 shares of the restaurant operator's stock worth $59,574,000 after buying an additional 6,000 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Restaurant Brands International by 10.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,379,847 shares of the restaurant operator's stock worth $101,085,000 after buying an additional 126,600 shares in the last quarter. Finally, Partners Capital Investment Group LLP bought a new position in shares of Restaurant Brands International during the 4th quarter worth approximately $4,969,000. Institutional investors own 82.29% of the company's stock.

Wall Street Analysts Forecast Growth

QSR has been the subject of a number of recent research reports. Guggenheim upgraded Restaurant Brands International from a "neutral" rating to a "buy" rating and decreased their price objective for the company from $74.00 to $71.00 in a report on Friday, January 24th. Truist Financial decreased their price objective on Restaurant Brands International from $85.00 to $83.00 and set a "buy" rating for the company in a report on Thursday, February 13th. Stifel Nicolaus decreased their price objective on Restaurant Brands International from $72.00 to $68.00 and set a "hold" rating for the company in a report on Friday, January 10th. Evercore ISI decreased their price objective on Restaurant Brands International from $93.00 to $90.00 and set an "outperform" rating for the company in a report on Wednesday, November 6th. Finally, Argus downgraded Restaurant Brands International from a "buy" rating to a "hold" rating in a report on Thursday, February 13th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $77.33.

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.