Restaurant Brands International Inc. (NYSE:QSR - Get Free Report) (TSE:QSR) CEO Joshua Kobza sold 246,196 shares of the firm's stock in a transaction on Monday, May 6th. The shares were sold at an average price of $75.17, for a total value of $18,506,553.32. Following the sale, the chief executive officer now directly 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 SEC, 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 stock was sold at an average price of $76.26, for a total transaction of $2,773,652.46.
Restaurant Brands International Price Performance
QSR stock opened at $73.36 on Thursday. The company's fifty day simple moving average is $76.52 and its 200 day simple moving average is $74.87. Restaurant Brands International Inc. has a 12-month low of $61.77 and a 12-month high of $83.29. 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 market cap of $23.21 billion, a price-to-earnings ratio of 18.91, a PEG ratio of 2.30 and a beta of 0.92.
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Restaurant Brands International (NYSE:QSR - Get Free Report) (TSE:QSR) last issued its 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 business had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.70 billion. Restaurant Brands International had a return on equity of 31.12% and a net margin of 17.17%. The firm's revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.75 earnings per share. On average, analysts expect that Restaurant Brands International Inc. will post 3.37 earnings per share for the current year.
Restaurant Brands International Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 21st will be paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date is Friday, June 21st. Restaurant Brands International's dividend payout ratio (DPR) is currently 59.79%.
Analyst Ratings Changes
Several research analysts have issued reports on the company. KeyCorp upped their price objective on Restaurant Brands International from $82.00 to $85.00 and gave the stock an "overweight" rating in a report on Wednesday, May 1st. Evercore lifted their price objective on Restaurant Brands International from $88.00 to $93.00 and gave the stock a "buy" rating in a research report on Wednesday, February 28th. Scotiabank upped their target price on shares of Restaurant Brands International from $80.00 to $81.00 and gave the company an "outperform" rating in a research report on Monday, April 29th. Piper Sandler lowered their price target on shares of Restaurant Brands International from $84.00 to $82.00 and set a "neutral" rating for the company in a research report on Wednesday, May 1st. Finally, CIBC cut their price objective on shares of Restaurant Brands International from $88.00 to $87.00 and set an "outperform" rating on the stock in a report on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $83.56.
Check Out Our Latest Research Report on Restaurant Brands International
Institutional Trading of Restaurant Brands International
Hedge funds have recently bought and sold shares of the business. TD Asset Management Inc raised its stake in shares of Restaurant Brands International by 41.0% in the first quarter. TD Asset Management Inc now owns 4,847,985 shares of the restaurant operator's stock worth $385,361,000 after purchasing an additional 1,409,552 shares during the last quarter. Bleakley Financial Group LLC boosted its holdings in Restaurant Brands International by 5.1% during the 1st quarter. Bleakley Financial Group LLC now owns 3,201 shares of the restaurant operator's stock worth $254,000 after acquiring an additional 154 shares during the last quarter. US Bancorp DE grew its stake in shares of Restaurant Brands International by 2.8% in the 1st quarter. US Bancorp DE now owns 9,352 shares of the restaurant operator's stock worth $743,000 after acquiring an additional 256 shares in the last quarter. Russell Investments Group Ltd. grew its position in Restaurant Brands International by 6.1% in the 1st quarter. Russell Investments Group Ltd. now owns 124,770 shares of the restaurant operator's stock worth $9,915,000 after purchasing an additional 7,196 shares in the last quarter. Finally, Fiduciary Family Office LLC lifted its position in shares of Restaurant Brands International by 96.6% during the 1st quarter. Fiduciary Family Office LLC now owns 15,979 shares of the restaurant operator's stock worth $1,270,000 after buying an additional 7,852 shares in the last quarter. Institutional investors and hedge funds own 82.29% of the company's stock.
Restaurant Brands International Company Profile
(
Get Free Report)
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.
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