Restaurant Brands International Inc. (NYSE:QSR) CEO Sells $18,506,553.32 in Stock

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) CEO Joshua Kobza sold 246,196 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $75.17, for a total transaction of $18,506,553.32. Following the completion of the transaction, the chief executive officer now owns 595,764 shares of the company’s stock, valued at $44,783,579.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Thursday, February 22nd, Joshua Kobza sold 161,353 shares of Restaurant Brands International stock. The shares were sold at an average price of $75.57, for a total value of $12,193,446.21.
• On Tuesday, February 20th, Joshua Kobza sold 36,371 shares of Restaurant Brands International stock. The shares were sold at an average price of $76.26, for a total value of $2,773,652.46.

Restaurant Brands International Stock Down 1.3 %

Shares of QSR stock traded down $0.95 on Wednesday, hitting $73.36. The company’s stock had a trading volume of 2,095,068 shares, compared to its average volume of 1,514,668. The stock has a market capitalization of $23.21 billion, a price-to-earnings ratio of 18.91, a P/E/G ratio of 2.30 and a beta of 0.92. Restaurant Brands International Inc. has a fifty-two week low of $61.77 and a fifty-two week high of $83.29. The firm’s fifty day moving average price is $76.52 and its 200-day moving average price is $74.87. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.08 and a quick ratio of 1.00.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings results on Tuesday, April 30th. The restaurant operator reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. The company had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.70 billion. Restaurant Brands International had a return on equity of 31.12% and a net margin of 17.17%. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.75 earnings per share. Research analysts anticipate that Restaurant Brands International Inc. will post 3.37 EPS for the current year.

Restaurant Brands International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 21st will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Friday, June 21st. This represents a $2.32 dividend on an annualized basis and a yield of 3.16%. Restaurant Brands International’s payout ratio is currently 59.79%.

Hedge Funds Weigh In On Restaurant Brands International

Institutional investors have recently modified their holdings of the company. Mather Group LLC. acquired a new position in Restaurant Brands International in the 1st quarter valued at $25,000. Pacifica Partners Inc. boosted its holdings in Restaurant Brands International by 196.0% during the fourth quarter. Pacifica Partners Inc. now owns 370 shares of the restaurant operator’s stock valued at $27,000 after acquiring an additional 245 shares during the period. Rise Advisors LLC grew its position in shares of Restaurant Brands International by 88.3% in the fourth quarter. Rise Advisors LLC now owns 371 shares of the restaurant operator’s stock valued at $29,000 after purchasing an additional 174 shares during the last quarter. Oakworth Capital Inc. bought a new position in shares of Restaurant Brands International in the fourth quarter worth about $30,000. Finally, Montag A & Associates Inc. acquired a new position in shares of Restaurant Brands International during the 4th quarter worth about $30,000. Institutional investors own 82.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. KeyCorp raised their price objective on shares of Restaurant Brands International from $82.00 to $85.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. Robert W. Baird upped their price target on Restaurant Brands International from $76.00 to $82.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. Evercore ISI raised their price objective on Restaurant Brands International from $88.00 to $93.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 28th. BMO Capital Markets upped their target price on Restaurant Brands International from $85.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, February 14th. Finally, Evercore lifted their price target on Restaurant Brands International from $88.00 to $93.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $83.56.

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.