Restaurant Brands International Inc. (NYSE:QSR) Insider Sells $747,261.33 in Stock

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) insider Jill Granat sold 10,613 shares of Restaurant Brands International stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $70.41, for a total transaction of $747,261.33. Following the completion of the sale, the insider now directly owns 388,759 shares in the company, valued at approximately $27,372,521.19. This represents a 2.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Jill Granat also recently made the following trade(s):

• On Friday, December 6th, Jill Granat sold 81,387 shares of Restaurant Brands International stock. The stock was sold at an average price of $69.37, for a total transaction of $5,645,816.19.

Restaurant Brands International Stock Performance

Restaurant Brands International stock opened at $69.19 on Friday. Restaurant Brands International Inc. has a 1-year low of $65.87 and a 1-year high of $83.29. The firm has a market cap of $22.40 billion, a P/E ratio of 17.31, a P/E/G ratio of 2.24 and a beta of 0.93. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75. The firm has a 50-day moving average of $70.02 and a 200-day moving average of $69.98.

Restaurant Brands International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 20th will be given a $0.58 dividend. The ex-dividend date is Friday, December 20th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.35%. 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 added to or reduced their stakes in QSR. Farther Finance Advisors LLC increased its position in Restaurant Brands International by 79.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock valued at $30,000 after purchasing an additional 185 shares during the period. Plato Investment Management Ltd purchased a new position in shares of Restaurant Brands International in the 3rd quarter valued at approximately $61,000. Crewe Advisors LLC boosted its position in shares of Restaurant Brands International by 78.8% during the second quarter. Crewe Advisors LLC now owns 1,071 shares of the restaurant operator’s stock valued at $75,000 after purchasing an additional 472 shares in the last quarter. Blue Trust Inc. grew its stake in Restaurant Brands International by 123.9% in the third quarter. Blue Trust Inc. now owns 1,388 shares of the restaurant operator’s stock worth $98,000 after purchasing an additional 768 shares during the period. Finally, GAMMA Investing LLC grew its stake in Restaurant Brands International by 67.0% in the third quarter. GAMMA Investing LLC now owns 1,754 shares of the restaurant operator’s stock worth $126,000 after purchasing an additional 704 shares during the period. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on QSR. Royal Bank of Canada reduced their price objective on Restaurant Brands International from $95.00 to $90.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. JPMorgan Chase & Co. increased their price target 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. KeyCorp lowered their price objective on Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 6th. CIBC cut their target price on shares of Restaurant Brands International from $88.00 to $86.00 and set an “outperformer” rating for the company in a research report on Wednesday, November 6th. Finally, Evercore ISI lowered their target price on shares of Restaurant Brands International from $93.00 to $90.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, Restaurant Brands International has a consensus rating of “Moderate Buy” and a consensus target price of $82.27.

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.