Insider Buying: Restaurant Brands International Inc. (QSR) Director Purchases $322,900.00 in Stock

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) Director Ali Hedayat purchased 5,000 shares of Restaurant Brands International stock in a transaction that occurred on Monday, October 30th. The stock was bought at an average cost of $64.58 per share, for a total transaction of $322,900.00. Following the purchase, the director now directly owns 30,966 shares in the company, valued at $1,999,784.28. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

Ali Hedayat also recently made the following trade(s):

  • On Friday, August 4th, Ali Hedayat bought 5,000 shares of Restaurant Brands International stock. The shares were acquired at an average cost of $61.32 per share, for a total transaction of $306,600.00.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its earnings results on Thursday, October 26th. The restaurant operator reported $0.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.09. Restaurant Brands International had a net margin of 12.40% and a return on equity of 23.53%. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same period in the prior year, the firm earned $0.43 earnings per share. The business’s quarterly revenue was up 12.4% compared to the same quarter last year.

Restaurant Brands International announced that its board has authorized a share buyback program on Wednesday, August 2nd that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the restaurant operator to purchase up to 2.1% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Friday, December 15th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.28%. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.20. The ex-dividend date is Thursday, December 14th. Restaurant Brands International’s dividend payout ratio is presently 55.17%.

ILLEGAL ACTIVITY WARNING: “Insider Buying: Restaurant Brands International Inc. (QSR) Director Purchases $322,900.00 in Stock” was first posted by Community Financial News and is the property of of Community Financial News. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of US & international copyright laws. The original version of this piece of content can be viewed at https://www.com-unik.info/2017/11/03/insider-buying-restaurant-brands-international-inc-qsr-director-purchases-322900-00-in-stock.html.

Several hedge funds have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. increased its stake in shares of Restaurant Brands International by 1.2% during the third quarter. Principal Financial Group Inc. now owns 8,547,152 shares of the restaurant operator’s stock worth $545,992,000 after buying an additional 101,543 shares during the period. Stevens Capital Management LP purchased a new stake in shares of Restaurant Brands International during the third quarter worth approximately $1,003,000. Villere ST Denis J & Co. LLC purchased a new stake in shares of Restaurant Brands International during the third quarter worth approximately $362,000. Wright Investors Service Inc. increased its stake in shares of Restaurant Brands International by 38.2% during the third quarter. Wright Investors Service Inc. now owns 10,829 shares of the restaurant operator’s stock worth $692,000 after buying an additional 2,994 shares during the period. Finally, Enterprise Financial Services Corp increased its stake in shares of Restaurant Brands International by 16,250.0% during the third quarter. Enterprise Financial Services Corp now owns 3,270 shares of the restaurant operator’s stock worth $209,000 after buying an additional 3,250 shares during the period. Hedge funds and other institutional investors own 76.24% of the company’s stock.

A number of research firms have commented on QSR. Bank of America Corporation reissued a “neutral” rating and set a $62.00 target price on shares of Restaurant Brands International in a research report on Monday, August 14th. BidaskClub downgraded shares of Restaurant Brands International from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. Wells Fargo & Company raised their target price on shares of Restaurant Brands International from $60.00 to $68.00 and gave the company a “market perform” rating in a research report on Friday, October 27th. BMO Capital Markets raised their target price on shares of Restaurant Brands International from $63.00 to $66.00 and gave the company an “outperform” rating in a research report on Thursday, August 3rd. Finally, Stephens raised their target price on shares of Restaurant Brands International from $60.00 to $68.00 and gave the company an “overweight” rating in a research report on Thursday, August 3rd. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $69.06.

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.

Insider Buying and Selling by Quarter for Restaurant Brands International (NYSE:QSR)

What are top analysts saying about Restaurant Brands International Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Restaurant Brands International Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit