Wells Fargo & Company Has Lowered Expectations for Restaurant Brands International (NYSE:QSR) Stock Price

Restaurant Brands International (NYSE:QSR - Free Report) TSE: QSR had its price objective lowered by Wells Fargo & Company from $69.00 to $66.00 in a report published on Tuesday,Benzinga reports. The brokerage currently has an equal weight rating on the restaurant operator's stock.

A number of other analysts have also weighed in on QSR. Citigroup lowered their target price on Restaurant Brands International from $67.00 to $66.00 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. Barclays decreased their price objective on shares of Restaurant Brands International from $83.00 to $80.00 and set an "overweight" rating for the company in a report on Thursday, February 13th. Truist Financial decreased their price target on shares of Restaurant Brands International from $85.00 to $83.00 and set a "buy" rating for the company in a report on Thursday, February 13th. TD Securities reaffirmed a "hold" rating and set a $70.00 price objective on shares of Restaurant Brands International in a research note on Tuesday, February 25th. Finally, JPMorgan Chase & Co. dropped their price target on Restaurant Brands International from $80.00 to $78.00 and set an "overweight" rating on the stock in a research report on Thursday, March 20th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $76.25.

Restaurant Brands International Stock Down 0.1 %

NYSE QSR traded down $0.04 during trading on Tuesday, hitting $62.55. 42,771 shares of the company traded hands, compared to its average volume of 1,843,007. 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 has a market capitalization of $20.49 billion, a P/E ratio of 19.68, a PEG ratio of 1.77 and a beta of 0.72. The business has a fifty day simple moving average of $64.92 and a 200 day simple moving average of $66.22. Restaurant Brands International has a 12 month low of $58.71 and a 12 month high of $77.24.

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

Restaurant Brands International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 21st were given a dividend of $0.62 per share. This is a boost from Restaurant Brands International's previous quarterly dividend of $0.58. This represents a $2.48 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date was Friday, March 21st. Restaurant Brands International's dividend payout ratio (DPR) is 77.99%.

Insider Activity

In other news, CFO Sami A. Siddiqui sold 12,500 shares of the stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $68.12, for a total transaction of $851,500.00. Following the sale, the chief financial officer now owns 235,228 shares in the company, valued at $16,023,731.36. This represents a 5.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Duncan Fulton sold 15,974 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $62.48, for a total value of $998,055.52. Following the sale, the insider now directly owns 45,248 shares in the company, valued at $2,827,095.04. This trade represents a 26.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 278,716 shares of company stock worth $17,740,281. Insiders own 1.36% of the company's stock.

Institutional Trading of Restaurant Brands International

Several large investors have recently added to or reduced their stakes in the business. Arvest Bank Trust Division purchased a new position in shares of Restaurant Brands International in the third quarter valued at about $12,053,000. Wilmington Savings Fund Society FSB purchased a new position in Restaurant Brands International in the 3rd quarter worth approximately $378,000. Wealth Enhancement Advisory Services LLC boosted its stake in Restaurant Brands International by 4.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,507 shares of the restaurant operator's stock worth $325,000 after purchasing an additional 210 shares during the period. Avanza Fonder AB purchased a new stake in Restaurant Brands International during the 4th quarter valued at approximately $1,299,000. Finally, MassMutual Private Wealth & Trust FSB raised its position in shares of Restaurant Brands International by 74.8% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,325 shares of the restaurant operator's stock valued at $86,000 after buying an additional 567 shares during the last quarter. 82.29% of the stock is currently owned by institutional investors.

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.