Restaurant Brands International Inc. (NYSE:QSR) Insider Thiago T. Santelmo Sells 3,511 Shares of Stock

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) insider Thiago T. Santelmo sold 3,511 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $64.20, for a total transaction of $225,406.20. Following the completion of the transaction, the insider now directly owns 32,937 shares of the company’s stock, valued at $2,114,555.40. The trade was a 9.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Restaurant Brands International Trading Down 1.1 %

QSR stock opened at $63.18 on Wednesday. Restaurant Brands International Inc. has a 52-week low of $63.09 and a 52-week high of $83.29. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 2.75. The firm has a market cap of $20.46 billion, a P/E ratio of 15.83, a PEG ratio of 2.27 and a beta of 0.94. The company’s 50-day simple moving average is $68.00 and its 200-day simple moving average is $69.61.

Restaurant Brands International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 20th were given a dividend of $0.58 per share. The ex-dividend date was Friday, December 20th. This represents a $2.32 dividend on an annualized basis and a yield of 3.67%. Restaurant Brands International’s dividend payout ratio is currently 58.15%.

Institutional Trading of Restaurant Brands International

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Wilmington Savings Fund Society FSB purchased a new position in shares of Restaurant Brands International during the 3rd quarter valued at approximately $378,000. Arvest Bank Trust Division acquired a new position in Restaurant Brands International during the third quarter worth $12,053,000. Toronto Dominion Bank lifted its holdings in Restaurant Brands International by 0.5% during the third quarter. Toronto Dominion Bank now owns 864,207 shares of the restaurant operator’s stock valued at $62,327,000 after purchasing an additional 4,702 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Restaurant Brands International by 10.1% during the third quarter. Geode Capital Management LLC now owns 1,379,847 shares of the restaurant operator’s stock valued at $101,085,000 after purchasing an additional 126,600 shares in the last quarter. Finally, Vestcor Inc purchased a new stake in Restaurant Brands International during the 3rd quarter worth approximately $1,103,000. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on QSR. Stifel Nicolaus decreased their price target on shares of Restaurant Brands International from $77.00 to $72.00 and set a “hold” rating for the company in a report on Thursday, November 14th. TD Cowen cut their target price on Restaurant Brands International from $82.00 to $80.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Bank of America lifted their price target on Restaurant Brands International from $76.00 to $77.00 and gave the stock an “underperform” rating in a research report on Tuesday, October 22nd. Evercore ISI cut their price objective on Restaurant Brands International from $93.00 to $90.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. raised their price objective on Restaurant Brands International from $80.00 to $84.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $81.92.

About Restaurant Brands International

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.