Key Points
- CEO Joshua Kobza sold 25,472 shares on Dec. 15 at an average price of $70.91 for proceeds of about $1.81M, trimming his stake by 2.58% to 961,282 shares (worth roughly $68.16M).
- Recent quarter beat estimates — Restaurant Brands reported $1.03 EPS vs. $1.00 expected and $2.45B in revenue vs. $2.39B, with revenue up 6.9% year-over-year and a return on equity of 32.43%.
- Dividend announced: a $0.62 quarterly dividend (annualized $2.48) payable Jan. 6, implying a ~3.5% yield and a dividend payout ratio of 88.26%.
Restaurant Brands International Inc. (NYSE:QSR - Get Free Report) (TSE:QSR) insider Jeffrey Housman sold 5,835 shares of Restaurant Brands International stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $70.87, for a total value of $413,526.45. Following the transaction, the insider directly owned 146,162 shares of the company's stock, valued at $10,358,500.94. The trade was a 3.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Restaurant Brands International Price Performance
Restaurant Brands International stock traded up $0.05 during midday trading on Thursday, reaching $70.25. 87,098 shares of the stock were exchanged, compared to its average volume of 2,564,553. Restaurant Brands International Inc. has a 52 week low of $58.71 and a 52 week high of $73.70. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.98 and a current ratio of 1.06. The firm has a market cap of $23.03 billion, a PE ratio of 25.02, a PEG ratio of 2.80 and a beta of 0.60. The company's fifty day moving average is $69.05 and its 200-day moving average is $67.32.
Restaurant Brands International (NYSE:QSR - Get Free Report) (TSE:QSR) last released its quarterly earnings results on Thursday, October 30th. The restaurant operator reported $1.03 EPS for the quarter, beating analysts' consensus estimates of $1.00 by $0.03. The firm had revenue of $2.45 billion during the quarter, compared to analyst estimates of $2.39 billion. Restaurant Brands International had a net margin of 9.95% and a return on equity of 32.43%. The business's revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.93 EPS. On average, sell-side analysts forecast that Restaurant Brands International Inc. will post 3.72 EPS for the current year.
Restaurant Brands International Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Tuesday, December 23rd will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Tuesday, December 23rd. Restaurant Brands International's dividend payout ratio (DPR) is currently 88.26%.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of QSR. Royal Bank of Canada lifted its position in Restaurant Brands International by 16.7% during the 1st quarter. Royal Bank of Canada now owns 22,626,635 shares of the restaurant operator's stock valued at $1,507,839,000 after acquiring an additional 3,230,735 shares during the period. Vanguard Group Inc. increased its position in Restaurant Brands International by 2.2% during the 3rd quarter. Vanguard Group Inc. now owns 15,639,519 shares of the restaurant operator's stock valued at $1,003,301,000 after buying an additional 335,793 shares in the last quarter. EdgePoint Investment Group Inc. raised its stake in Restaurant Brands International by 15.4% during the third quarter. EdgePoint Investment Group Inc. now owns 14,903,208 shares of the restaurant operator's stock valued at $955,855,000 after buying an additional 1,983,354 shares during the last quarter. Baupost Group LLC MA boosted its holdings in Restaurant Brands International by 103.8% in the third quarter. Baupost Group LLC MA now owns 8,252,862 shares of the restaurant operator's stock worth $529,337,000 after acquiring an additional 4,203,300 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of Restaurant Brands International by 0.6% in the first quarter. Goldman Sachs Group Inc. now owns 8,108,527 shares of the restaurant operator's stock worth $540,352,000 after acquiring an additional 47,192 shares during the last quarter. 82.29% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several analysts have weighed in on QSR shares. Robert W. Baird boosted their price target on shares of Restaurant Brands International from $68.00 to $72.00 and gave the stock a "neutral" rating in a research note on Friday, October 31st. Oppenheimer reaffirmed an "outperform" rating and issued a $80.00 price target on shares of Restaurant Brands International in a research note on Tuesday, November 25th. Royal Bank Of Canada reissued an "outperform" rating and set a $82.00 price objective on shares of Restaurant Brands International in a research note on Tuesday, December 9th. Scotiabank upped their price target on shares of Restaurant Brands International from $73.00 to $74.00 and gave the company a "sector perform" rating in a report on Friday, October 31st. Finally, Citigroup raised their price target on shares of Restaurant Brands International from $72.00 to $74.00 and gave the stock a "neutral" rating in a report on Thursday, October 16th. Ten analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Restaurant Brands International currently has a consensus rating of "Hold" and a consensus price target of $75.45.
Read Our Latest Research Report on QSR
About Restaurant Brands International
(
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.
Further Reading
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