Key Points
- Sami Siddiqui, RBI's CFO, sold 40,000 shares on March 16 at an average price of $74.51 for roughly $2.98M, reducing his ownership by 52.79% to 35,766 shares.
- Restaurant Brands raised its quarterly dividend to $0.65 (annualized $2.60, ~3.5% yield) with an ex-dividend date of March 19, while the dividend payout ratio stands at a high 105.08%.
- The company reported an EPS beat of $0.96 versus $0.93 and 7.4% year-over-year revenue growth to $2.47B, and analysts hold a "Moderate Buy" consensus with an average target near $78.95.
Restaurant Brands International Inc. (NYSE:QSR - Get Free Report) (TSE:QSR) CFO Sami Siddiqui sold 40,000 shares of the firm's stock in a transaction on Monday, March 16th. The stock was sold at an average price of $74.51, for a total value of $2,980,400.00. Following the completion of the transaction, the chief financial officer owned 35,766 shares in the company, valued at approximately $2,664,924.66. This trade represents a 52.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Restaurant Brands International Stock Up 0.7%
Restaurant Brands International stock opened at $75.07 on Wednesday. The stock has a market cap of $26.06 billion, a PE ratio of 31.81, a price-to-earnings-growth ratio of 2.12 and a beta of 0.56. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.91 and a current ratio of 0.98. Restaurant Brands International Inc. has a one year low of $58.71 and a one year high of $75.57. The stock has a fifty day moving average of $69.59 and a 200 day moving average of $68.30.
Restaurant Brands International (NYSE:QSR - Get Free Report) (TSE:QSR) last announced its earnings results on Thursday, February 12th. The restaurant operator reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.03. Restaurant Brands International had a return on equity of 32.51% and a net margin of 8.23%.The business had revenue of $2.47 billion for the quarter, compared to analysts' expectations of $2.41 billion. During the same period last year, the firm posted $0.81 earnings per share. The business's revenue for the quarter was up 7.4% on a year-over-year basis. As a group, sell-side analysts predict that Restaurant Brands International Inc. will post 3.72 EPS for the current year.
Restaurant Brands International Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Thursday, March 19th will be given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 3.5%. This is a positive change from Restaurant Brands International's previous quarterly dividend of $0.62. The ex-dividend date is Thursday, March 19th. Restaurant Brands International's dividend payout ratio (DPR) is presently 105.08%.
Analysts Set New Price Targets
Several research firms have weighed in on QSR. Morgan Stanley increased their price target on shares of Restaurant Brands International from $77.00 to $78.00 and gave the stock an "equal weight" rating in a research report on Tuesday, March 3rd. Piper Sandler raised shares of Restaurant Brands International from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $71.00 to $84.00 in a research report on Monday, March 2nd. TD Cowen reduced their price objective on Restaurant Brands International from $74.00 to $72.00 and set a "hold" rating for the company in a research note on Thursday, February 12th. Wells Fargo & Company raised their target price on Restaurant Brands International from $70.00 to $75.00 and gave the stock an "equal weight" rating in a report on Friday, February 27th. Finally, Royal Bank Of Canada lifted their target price on Restaurant Brands International from $80.00 to $83.00 and gave the company an "outperform" rating in a research report on Monday, March 2nd. Fourteen research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $78.95.
Check Out Our Latest Analysis on Restaurant Brands International
Hedge Funds Weigh In On Restaurant Brands International
Several large investors have recently added to or reduced their stakes in the company. Intact Investment Management Inc. raised its position in shares of Restaurant Brands International by 10.6% during the 3rd quarter. Intact Investment Management Inc. now owns 759,391 shares of the restaurant operator's stock valued at $48,722,000 after purchasing an additional 72,800 shares during the period. Hillsdale Investment Management Inc. boosted its holdings in Restaurant Brands International by 23,154.1% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 39,532 shares of the restaurant operator's stock worth $2,535,000 after buying an additional 39,362 shares during the period. Machina Capital S.A.S. bought a new position in Restaurant Brands International in the 3rd quarter worth $1,214,000. Fiera Capital Corp increased its stake in Restaurant Brands International by 17.2% in the 3rd quarter. Fiera Capital Corp now owns 4,946,163 shares of the restaurant operator's stock worth $317,191,000 after buying an additional 724,540 shares in the last quarter. Finally, EdgePoint Investment Group Inc. increased its stake in Restaurant Brands International by 15.4% in the 3rd quarter. EdgePoint Investment Group Inc. now owns 14,903,208 shares of the restaurant operator's stock worth $955,855,000 after buying an additional 1,983,354 shares in the last quarter. Hedge funds and other institutional investors own 82.29% of the company's stock.
Restaurant Brands International Company Profile
(
Get Free Report)
Restaurant Brands International Inc (NYSE: QSR) is a global quick-service restaurant company formed through the combination of established brands. The company's principal holdings include Burger King, Tim Hortons and Popeyes, each of which operates under its own brand identity and menu. Restaurant Brands International's business is centered on developing and expanding these franchised restaurant systems, supporting franchisees with brand management, supply chain coordination, and marketing programs.
RBI's restaurants offer a range of quick-service food and beverage products: Burger King is known for its flame-grilled hamburgers and sandwiches, Tim Hortons for coffee, baked goods and breakfast items, and Popeyes for Louisiana-style fried chicken and seafood.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
