Axel Schwan Sells 57,574 Shares of Restaurant Brands International (NYSE:QSR) Stock

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) insider Axel Schwan sold 57,574 shares of the company’s stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $81.14, for a total transaction of $4,671,554.36. Following the completion of the sale, the insider directly owned 209,908 shares of the company’s stock, valued at $17,031,935.12. The trade was a 21.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Restaurant Brands International Trading Down 1.5%

QSR traded down $1.18 during mid-day trading on Wednesday, hitting $77.09. The stock had a trading volume of 2,772,594 shares, compared to its average volume of 3,187,791. The stock’s fifty day simple moving average is $75.92 and its 200-day simple moving average is $75.19. The firm has a market capitalization of $26.88 billion, a price-to-earnings ratio of 20.72, a price-to-earnings-growth ratio of 2.24 and a beta of 0.51. Restaurant Brands International Inc. has a 1-year low of $61.44 and a 1-year high of $81.96. The company has a debt-to-equity ratio of 2.49, a current ratio of 1.01 and a quick ratio of 0.92.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings data on Thursday, August 6th. The restaurant operator reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.03. The business had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.52 billion. Restaurant Brands International had a net margin of 13.12% and a return on equity of 33.43%. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.94 EPS. As a group, research analysts forecast that Restaurant Brands International Inc. will post 4.03 EPS for the current fiscal year.

Restaurant Brands International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 18th will be issued a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Friday, September 18th. Restaurant Brands International’s dividend payout ratio is 69.89%.

Analysts Set New Price Targets

QSR has been the topic of several recent analyst reports. Royal Bank Of Canada set a $85.00 price objective on Restaurant Brands International and gave the company an “outperform” rating in a report on Tuesday, July 28th. TD Cowen raised their target price on shares of Restaurant Brands International from $79.00 to $80.00 and gave the stock a “hold” rating in a report on Thursday, July 9th. Weiss Ratings raised shares of Restaurant Brands International from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, August 12th. Scotia reduced their price target on shares of Restaurant Brands International from $83.00 to $81.00 and set a “sector perform” rating for the company in a report on Friday, August 7th. Finally, Scotiabank lowered their price objective on shares of Restaurant Brands International from $83.00 to $81.00 and set a “sector perform” rating for the company in a research report on Friday, August 7th. Sixteen research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $84.00.

Institutional Investors Weigh In On Restaurant Brands International

Several institutional investors have recently bought and sold shares of QSR. Lloyd Advisory Services LLC. acquired a new position in Restaurant Brands International during the 4th quarter worth approximately $25,000. Larson Financial Group LLC raised its holdings in shares of Restaurant Brands International by 1,922.2% in the fourth quarter. Larson Financial Group LLC now owns 364 shares of the restaurant operator’s stock valued at $25,000 after purchasing an additional 346 shares during the last quarter. Groupe la Francaise bought a new stake in shares of Restaurant Brands International in the second quarter worth $27,000. Western Wealth Management LLC bought a new stake in shares of Restaurant Brands International in the first quarter worth $28,000. Finally, CoreCap Advisors LLC boosted its holdings in Restaurant Brands International by 304.3% during the second quarter. CoreCap Advisors LLC now owns 465 shares of the restaurant operator’s stock worth $34,000 after purchasing an additional 350 shares during the last quarter. Institutional investors own 82.29% of the company’s stock.

Restaurant Brands International Company Profile

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.