Restaurant Brands International Inc. (NYSE:QSR) Insider Sells $225,406.20 in Stock

Restaurant Brands International Inc. (NYSE:QSR - Get Free Report) TSE: QSR insider Thiago T. Santelmo sold 3,511 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $64.20, for a total value of $225,406.20. Following the sale, the insider now owns 32,937 shares in the company, valued at $2,114,555.40. The trade was a 9.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Restaurant Brands International Stock Performance

QSR stock traded down $0.73 on Tuesday, hitting $63.18. The company's stock had a trading volume of 1,327,848 shares, compared to its average volume of 1,355,462. Restaurant Brands International Inc. has a 1 year low of $63.09 and a 1 year high of $83.29. 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 stock has a market cap of $20.46 billion, a price-to-earnings ratio of 15.83, a price-to-earnings-growth ratio of 2.27 and a beta of 0.94. The firm has a 50 day moving average of $68.15 and a two-hundred day moving average of $69.65.

Restaurant Brands International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 20th were given a dividend of $0.58 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $2.32 dividend on an annualized basis and a yield of 3.67%. Restaurant Brands International's payout ratio is 58.15%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Wilmington Savings Fund Society FSB acquired a new stake in shares of Restaurant Brands International in the third quarter valued at about $378,000. Arvest Bank Trust Division purchased a new position in Restaurant Brands International in the third quarter valued at about $12,053,000. Toronto Dominion Bank raised its holdings in Restaurant Brands International by 0.5% during the third quarter. Toronto Dominion Bank now owns 864,207 shares of the restaurant operator's stock worth $62,327,000 after purchasing an additional 4,702 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Restaurant Brands International by 10.1% in the third quarter. Geode Capital Management LLC now owns 1,379,847 shares of the restaurant operator's stock valued at $101,085,000 after purchasing an additional 126,600 shares in the last quarter. Finally, Vestcor Inc acquired a new position in shares of Restaurant Brands International during the 3rd quarter worth approximately $1,103,000. Institutional investors and hedge funds own 82.29% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on QSR. TD Cowen cut their price target on Restaurant Brands International from $82.00 to $80.00 and set a "buy" rating on the stock in a research note on Wednesday, November 6th. Oppenheimer reduced their price target on Restaurant Brands International from $86.00 to $77.00 and set an "outperform" rating on the stock in a research report on Tuesday. Argus dropped their target price on shares of Restaurant Brands International from $85.00 to $80.00 and set a "buy" rating on the stock in a research report on Thursday, November 7th. Guggenheim lifted their target price on Restaurant Brands International from $73.00 to $74.00 and gave the stock a "neutral" rating in a report on Monday, September 9th. Finally, CIBC reduced their price target on shares of Restaurant Brands International from $88.00 to $86.00 and set an "outperformer" rating for the company in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and sixteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Restaurant Brands International has an average rating of "Moderate Buy" and a consensus target price of $81.92.

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.

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