Headlines about Restaurant Brands International (NYSE:QSR) (TSE:QSR) have been trending somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Restaurant Brands International earned a news sentiment score of 0.20 on Accern’s scale. Accern also assigned media stories about the restaurant operator an impact score of 44.7067879097415 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the media stories that may have impacted Accern’s rankings:
- JACK’s Fiscal 4Q17 Revenues versus the Expectations – Market Realist (marketrealist.com)
- Enrapturing Stocks: Morgan Stanley, (NYSE: MS), Restaurant Brands International Inc., (NYSE: QSR), Essent Group … – Stocks In The News (press release) (tradingnewsnow.com)
- Restaurant Brands International Breaks Below 200-Day Moving Average – Notable for QSR – Nasdaq (nasdaq.com)
- Restaurant Brands International Inc. (NYSE:QSR) – Investors are Unsure How to React (Brief Analysis) – Nasdaq Journal (press release) (nasdaqjournal.com)
- Restaurant Brands International Becomes Oversold (QSR) – Nasdaq (nasdaq.com)
Restaurant Brands International (QSR) traded up $0.38 during mid-day trading on Wednesday, hitting $61.17. The stock had a trading volume of 2,105,136 shares, compared to its average volume of 1,106,714. Restaurant Brands International has a 12-month low of $46.88 and a 12-month high of $68.89. The company has a current ratio of 3.45, a quick ratio of 3.38 and a debt-to-equity ratio of 2.70. The stock has a market cap of $14,477.61, a PE ratio of 32.25, a P/E/G ratio of 1.81 and a beta of 1.69.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Friday, December 15th will be given a dividend of $0.21 per share. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend is Thursday, December 14th. Restaurant Brands International’s payout ratio is presently 55.17%.
Several research analysts have issued reports on the company. Zacks Investment Research raised Restaurant Brands International from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a research report on Monday, September 18th. Royal Bank Of Canada raised their target price on Restaurant Brands International from $69.00 to $77.00 and gave the stock an “outperform” rating in a research report on Monday, October 23rd. They noted that the move was a valuation call. Bank of America reissued a “neutral” rating and issued a $62.00 target price on shares of Restaurant Brands International in a research report on Monday, August 14th. Citigroup raised their target price on Restaurant Brands International from $71.00 to $78.00 and gave the stock a “buy” rating in a research report on Monday, November 6th. Finally, BidaskClub raised Restaurant Brands International from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Restaurant Brands International has an average rating of “Buy” and a consensus target price of $69.88.
In related news, major shareholder Restaurant Brands Holdings 3G sold 4,050,594 shares of Restaurant Brands International stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $64.70, for a total transaction of $262,073,431.80. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Daniel S. Schwartz sold 708,582 shares of Restaurant Brands International stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $64.49, for a total value of $45,696,453.18. Following the sale, the chief executive officer now directly owns 886,272 shares in the company, valued at approximately $57,155,681.28. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,249,909 shares of company stock worth $339,590,312. Insiders own 3.05% of the company’s stock.
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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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