Insider Selling: Restaurant Brands International Inc (QSR) Insider Sells 38,480 Shares of Stock
Restaurant Brands International Inc (TSE:QSR) (NYSE:QSR) insider José E. Cil sold 38,480 shares of the stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of C$65.00, for a total value of C$2,501,200.00.
Shares of Restaurant Brands International Inc (QSR) traded up C$0.25 during trading hours on Monday, reaching C$82.57. The company had a trading volume of 322,313 shares, compared to its average volume of 388,815. Restaurant Brands International Inc has a 52 week low of C$57.46 and a 52 week high of C$88.36.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Friday, December 15th will be given a dividend of $0.262 per share. This represents a $1.05 annualized dividend and a yield of 1.27%. The ex-dividend date is Thursday, December 14th. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.20. Restaurant Brands International’s dividend payout ratio (DPR) is 79.57%.
QSR has been the topic of several research analyst reports. CSFB raised Restaurant Brands International from a “neutral” rating to an “outperform” rating in a research note on Thursday, September 7th. Royal Bank Of Canada increased their price objective on Restaurant Brands International to C$97.00 and gave the stock an “outperform” rating in a research note on Monday, October 23rd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Restaurant Brands International currently has an average rating of “Buy” and an average price target of C$81.25.
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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