Restaurant Brands International Inc (TSE:QSR) (NYSE:QSR) insider Alexandre Macedo sold 32,773 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of C$59.42, for a total transaction of C$1,947,371.66.
Shares of Restaurant Brands International Inc (TSE QSR) traded up C$0.68 during trading hours on Friday, reaching C$74.92. 264,897 shares of the company’s stock traded hands, compared to its average volume of 623,690. Restaurant Brands International Inc has a 1 year low of C$69.33 and a 1 year high of C$88.36. The company has a market cap of $35,110.00, a P/E ratio of 79.83 and a beta of 1.14.
Restaurant Brands International (TSE:QSR) (NYSE:QSR) last announced its quarterly earnings results on Monday, February 12th. The company reported C$0.84 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.72 by C$0.12. Restaurant Brands International had a net margin of 20.42% and a return on equity of 18.07%. The firm had revenue of C$1.57 billion during the quarter, compared to the consensus estimate of C$1.59 billion.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Thursday, March 15th will be issued a $0.554 dividend. This represents a $2.22 annualized dividend and a yield of 2.96%. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.26. The ex-dividend date is Wednesday, March 14th. Restaurant Brands International’s dividend payout ratio (DPR) is presently 79.57%.
QSR has been the subject of several analyst reports. Evercore reaffirmed an “outperform” rating on shares of Restaurant Brands International in a report on Tuesday, December 12th. Evercore ISI reaffirmed an “outperform” rating on shares of Restaurant Brands International in a report on Tuesday, December 12th. BMO Capital Markets set a C$72.00 price objective on shares of Restaurant Brands International and gave the stock an “outperform” rating in a report on Thursday, February 1st. Finally, Cowen cut their price objective on shares of Restaurant Brands International from C$72.00 to C$69.00 in a report on Tuesday, February 13th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of C$80.20.
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About Restaurant Brands International
Restaurant Brands International Inc is a quick service restaurant (QSR) company. The Company had over 20,000 restaurants in more than 100 countries and the United States territories, as of December 31, 2016. It operates through two segments: Tim Hortons (TH) and Burger King (BK). Tim Hortons restaurants are quick service restaurants with a menu that includes blend coffee, tea, espresso-based hot and cold specialty drinks, baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps and soups, among others.
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