Restaurant Brands International Inc. (NYSE:QSR) CEO Sells $18,506,553.32 in Stock

Restaurant Brands International Inc. (NYSE:QSR) (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 completion of the transaction, the chief executive officer now owns 595,764 shares in the company, valued at approximately $44,783,579.88. The sale was disclosed in a document filed with the SEC, which is accessible 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 transaction 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 Stock Down 1.3 %

Shares of QSR traded down $0.95 during mid-day trading on Wednesday, reaching $73.36. The company’s stock had a trading volume of 2,095,068 shares, compared to its average volume of 1,514,668. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.08 and a quick ratio of 1.00. Restaurant Brands International Inc. has a 12-month low of $61.77 and a 12-month high of $83.29. The stock has a market cap of $23.21 billion, a PE ratio of 18.91, a price-to-earnings-growth ratio of 2.30 and a beta of 0.92. The company’s 50 day moving average is $76.52 and its 200 day moving average is $74.87.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings results on Tuesday, April 30th. The restaurant operator reported $0.73 EPS for the quarter, beating the consensus estimate of $0.72 by $0.01. The company had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.70 billion. Restaurant Brands International had a net margin of 17.17% and a return on equity of 31.12%. The firm’s revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.75 earnings per share. Equities analysts anticipate that Restaurant Brands International Inc. will post 3.37 EPS for the current fiscal year.

Restaurant Brands International Announces Dividend

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. The ex-dividend date is Friday, June 21st. This represents a $2.32 dividend on an annualized basis and a yield of 3.16%. Restaurant Brands International’s dividend payout ratio is presently 59.79%.

Analysts Set New Price Targets

A number of equities analysts recently commented on QSR shares. Loop Capital lifted their price objective on Restaurant Brands International from $86.00 to $93.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Stephens restated an “equal weight” rating and issued a $75.00 price objective on shares of Restaurant Brands International in a report on Tuesday, February 13th. Evercore lifted their price target on shares of Restaurant Brands International from $88.00 to $93.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. CIBC decreased 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. Finally, JPMorgan Chase & Co. boosted their target price on Restaurant Brands International from $78.00 to $82.00 and gave the company an “overweight” rating in a research report on Friday, February 16th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $83.56.

Institutional Trading of Restaurant Brands International

Several institutional investors and hedge funds have recently bought and sold shares of the business. Mather Group LLC. acquired a new stake in shares of Restaurant Brands International during the first quarter worth $25,000. Pacifica Partners Inc. increased its stake in Restaurant Brands International by 196.0% in the 4th quarter. Pacifica Partners Inc. now owns 370 shares of the restaurant operator’s stock valued at $27,000 after purchasing an additional 245 shares in the last quarter. Rise Advisors LLC grew its holdings in Restaurant Brands International by 88.3% in the fourth quarter. Rise Advisors LLC now owns 371 shares of the restaurant operator’s stock valued at $29,000 after purchasing an additional 174 shares during the last quarter. Oakworth Capital Inc. purchased a new position in shares of Restaurant Brands International in the fourth quarter valued at $30,000. Finally, Montag A & Associates Inc. purchased a new position in shares of Restaurant Brands International in the fourth quarter valued at $30,000. Hedge funds and other institutional investors own 82.29% of the company’s stock.

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.