Sami A. Siddiqui Sells 15,000 Shares of Restaurant Brands International Inc. (NYSE:QSR) Stock

Restaurant Brands International Inc. (NYSE:QSRGet Rating) (TSE:QSR) insider Sami A. Siddiqui sold 15,000 shares of the company’s stock in a transaction on Friday, November 18th. The stock was sold at an average price of $67.03, for a total value of $1,005,450.00. Following the transaction, the insider now directly owns 125,860 shares in the company, valued at $8,436,395.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Restaurant Brands International Price Performance

NYSE:QSR opened at $66.68 on Thursday. Restaurant Brands International Inc. has a one year low of $46.68 and a one year high of $68.54. The company has a debt-to-equity ratio of 3.26, a quick ratio of 0.93 and a current ratio of 1.00. The firm has a market cap of $20.42 billion, a price-to-earnings ratio of 21.58, a PEG ratio of 1.93 and a beta of 0.95. The firm’s fifty day moving average is $57.90 and its two-hundred day moving average is $55.25.

Restaurant Brands International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 4th. Stockholders of record on Wednesday, December 21st will be paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 3.24%. The ex-dividend date is Tuesday, December 20th. Restaurant Brands International’s payout ratio is currently 69.90%.

Institutional Investors Weigh In On Restaurant Brands International

Several hedge funds have recently modified their holdings of QSR. Legend Financial Advisors Inc. purchased a new stake in shares of Restaurant Brands International during the 3rd quarter worth about $27,000. Prospera Financial Services Inc purchased a new stake in shares of Restaurant Brands International during the 1st quarter worth about $31,000. Hazlett Burt & Watson Inc. purchased a new stake in shares of Restaurant Brands International during the 1st quarter worth about $32,000. Optiver Holding B.V. purchased a new stake in shares of Restaurant Brands International during the 3rd quarter worth about $32,000. Finally, Venture Visionary Partners LLC purchased a new stake in shares of Restaurant Brands International during the 2nd quarter worth about $43,000. 78.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

QSR has been the topic of a number of recent analyst reports. Stephens initiated coverage on Restaurant Brands International in a research report on Thursday, September 22nd. They set an “equal weight” rating and a $61.00 price target on the stock. StockNews.com raised Restaurant Brands International from a “hold” rating to a “buy” rating in a research report on Tuesday, October 25th. TheStreet raised Restaurant Brands International from a “c+” rating to a “b” rating in a research report on Tuesday, August 16th. Morgan Stanley raised Restaurant Brands International from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $56.00 to $71.00 in a research report on Monday. Finally, The Goldman Sachs Group raised Restaurant Brands International from a “sell” rating to a “neutral” rating and upped their target price for the company from $57.00 to $64.00 in a research report on Friday, November 4th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $64.95.

About Restaurant Brands International

(Get Rating)

Restaurant Brands International Inc operates as quick service restaurant company in Canada 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 others.

Recommended Stories

Insider Buying and Selling by Quarter for Restaurant Brands International (NYSE:QSR)

Receive News & Ratings for Restaurant Brands International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Restaurant Brands International and related companies with MarketBeat.com's FREE daily email newsletter.