Restaurant Brands International Inc. (NYSE:QSR) Insider David Chan Shear Sells 169,478 Shares

Restaurant Brands International Inc. (NYSE:QSRGet Rating) (TSE:QSR) insider David Chan Shear sold 169,478 shares of the firm’s stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $67.79, for a total value of $11,488,913.62. Following the completion of the sale, the insider now owns 157,267 shares in the company, valued at $10,661,129.93. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Restaurant Brands International Price Performance

NYSE QSR opened at $66.68 on Friday. Restaurant Brands International Inc. has a fifty-two week low of $46.68 and a fifty-two week high of $68.54. The stock’s 50-day moving average is $58.04 and its two-hundred day moving average is $55.33. The company has a debt-to-equity ratio of 3.26, a current ratio of 1.00 and a quick ratio of 0.93. The firm has a market cap of $20.42 billion, a P/E ratio of 21.58, a price-to-earnings-growth ratio of 1.92 and a beta of 0.95.

Restaurant Brands International Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Oppenheimer raised their target price on Restaurant Brands International from $70.00 to $75.00 and gave the company an “outperform” rating in a research report on Monday, August 8th. OTR Global upgraded Restaurant Brands International from a “mixed” rating to a “positive” rating in a research report on Monday, October 10th. Argus upgraded Restaurant Brands International from a “hold” rating to a “buy” rating and set a $67.00 price target on the stock in a research report on Tuesday, August 9th. Stephens began coverage on Restaurant Brands International in a research note on Thursday, September 22nd. They set an “equal weight” rating and a $61.00 price objective for the company. Finally, Morgan Stanley raised Restaurant Brands International from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $56.00 to $71.00 in a research note on Monday. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $64.95.

Hedge Funds Weigh In On Restaurant Brands International

Several institutional investors have recently bought and sold shares of QSR. B. Riley Wealth Advisors Inc. bought a new position in shares of Restaurant Brands International in the third quarter worth about $344,000. Legend Financial Advisors Inc. bought a new position in shares of Restaurant Brands International in the third quarter worth about $27,000. Balyasny Asset Management LLC bought a new position in shares of Restaurant Brands International in the third quarter worth about $12,896,000. Baird Financial Group Inc. increased its stake in shares of Restaurant Brands International by 10.1% in the third quarter. Baird Financial Group Inc. now owns 5,984 shares of the restaurant operator’s stock worth $318,000 after purchasing an additional 547 shares during the period. Finally, United Services Automobile Association increased its stake in shares of Restaurant Brands International by 12.5% in the third quarter. United Services Automobile Association now owns 14,319 shares of the restaurant operator’s stock worth $762,000 after purchasing an additional 1,593 shares during the period. 78.50% of the stock is currently owned by institutional investors.

Restaurant Brands International Company Profile

(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.

Further Reading

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

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