Restaurant Brands International Inc. (NYSE:QSR) Director Ali Hedayat Sells 8,537 Shares

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) Director Ali Hedayat sold 8,537 shares of Restaurant Brands International stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $74.75, for a total transaction of $638,140.75. Following the sale, the director now directly owns 22,881 shares in the company, valued at approximately $1,710,354.75. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Restaurant Brands International Stock Down 1.4 %

QSR opened at $74.30 on Wednesday. The company has a quick ratio of 1.00, a current ratio of 1.08 and a debt-to-equity ratio of 2.72. The firm has a 50 day moving average price of $76.52 and a 200-day moving average price of $74.87. Restaurant Brands International Inc. has a twelve month low of $61.77 and a twelve month high of $83.29. The stock has a market capitalization of $23.51 billion, a price-to-earnings ratio of 19.15, a PEG ratio of 2.30 and a beta of 0.92.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings data on Tuesday, April 30th. The restaurant operator reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.01. Restaurant Brands International had a net margin of 17.17% and a return on equity of 31.12%. The firm had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.70 billion. During the same period in the previous year, the company earned $0.75 earnings per share. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. Equities research analysts forecast that Restaurant Brands International Inc. will post 3.37 earnings per share for the current year.

Restaurant Brands International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 21st will be issued a dividend of $0.58 per share. The ex-dividend date is Friday, June 21st. This represents a $2.32 dividend on an annualized basis and a yield of 3.12%. Restaurant Brands International’s dividend payout ratio is currently 59.79%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Robert W. Baird lifted their target price on shares of Restaurant Brands International from $76.00 to $82.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. Barclays lifted their target price on shares of Restaurant Brands International from $87.00 to $89.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. JPMorgan Chase & Co. lifted their target price on shares of Restaurant Brands International from $78.00 to $82.00 and gave the company an “overweight” rating in a research note on Friday, February 16th. KeyCorp lifted their target price on shares of Restaurant Brands International from $82.00 to $85.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Finally, Piper Sandler dropped their price objective on shares of Restaurant Brands International from $84.00 to $82.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Restaurant Brands International presently has an average rating of “Moderate Buy” and an average target price of $83.56.

Institutional Trading of Restaurant Brands International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fiduciary Family Office LLC increased its holdings in Restaurant Brands International by 96.6% during the first quarter. Fiduciary Family Office LLC now owns 15,979 shares of the restaurant operator’s stock valued at $1,270,000 after buying an additional 7,852 shares during the last quarter. JCP Investment Management LLC bought a new position in shares of Restaurant Brands International in the first quarter worth approximately $9,772,000. Forsta AP Fonden boosted its position in shares of Restaurant Brands International by 13.7% in the first quarter. Forsta AP Fonden now owns 69,500 shares of the restaurant operator’s stock worth $5,525,000 after purchasing an additional 8,400 shares during the period. Oppenheimer & Co. Inc. boosted its position in shares of Restaurant Brands International by 16.5% in the first quarter. Oppenheimer & Co. Inc. now owns 74,421 shares of the restaurant operator’s stock worth $5,913,000 after purchasing an additional 10,544 shares during the period. Finally, AIA Group Ltd boosted its position in shares of Restaurant Brands International by 22.8% in the first quarter. AIA Group Ltd now owns 36,448 shares of the restaurant operator’s stock worth $2,896,000 after purchasing an additional 6,761 shares during the period. 82.29% of the stock is owned by hedge funds and other 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.