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

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) insider Thiago T. Santelmo sold 3,511 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $64.20, for a total value of $225,406.20. Following the transaction, the insider now directly owns 32,937 shares of the company’s stock, valued at $2,114,555.40. This represents a 9.63 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Restaurant Brands International Price Performance

Shares of QSR stock opened at $62.54 on Friday. Restaurant Brands International Inc. has a 52 week low of $62.19 and a 52 week high of $83.29. The stock has a market capitalization of $20.25 billion, a PE ratio of 15.67, a PEG ratio of 2.27 and a beta of 0.94. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02. The stock’s fifty day moving average is $67.71 and its 200-day moving average is $69.51.

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 $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 3.71%. The ex-dividend date of this dividend was Friday, December 20th. Restaurant Brands International’s payout ratio is presently 58.15%.

Analyst Ratings Changes

A number of brokerages have recently commented on QSR. Citigroup upped their price target on Restaurant Brands International from $75.00 to $77.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. KeyCorp decreased their price target on shares of Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 6th. Royal Bank of Canada cut their price objective on shares of Restaurant Brands International from $95.00 to $90.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. Argus decreased their target price on 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. Finally, Wells Fargo & Company cut their price target on Restaurant Brands International from $72.00 to $69.00 and set an “equal weight” rating for the company in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, Restaurant Brands International has a consensus rating of “Moderate Buy” and a consensus target price of $81.62.

Hedge Funds Weigh In On Restaurant Brands International

A number of large investors have recently modified their holdings of the stock. Farther Finance Advisors LLC raised its position in Restaurant Brands International by 79.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 185 shares during the last quarter. Plato Investment Management Ltd bought a new stake in shares of Restaurant Brands International during the third quarter worth $61,000. Blue Trust Inc. boosted its holdings in Restaurant Brands International by 123.9% in the third quarter. Blue Trust Inc. now owns 1,388 shares of the restaurant operator’s stock valued at $98,000 after acquiring an additional 768 shares during the last quarter. GAMMA Investing LLC increased its position in Restaurant Brands International by 67.0% in the third quarter. GAMMA Investing LLC now owns 1,754 shares of the restaurant operator’s stock worth $126,000 after purchasing an additional 704 shares during the period. Finally, BNP Paribas Financial Markets raised its holdings in Restaurant Brands International by 17.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,754 shares of the restaurant operator’s stock worth $126,000 after purchasing an additional 265 shares during the last quarter. 82.29% of the stock is currently owned by institutional investors and hedge funds.

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.