Restaurant Brands International Inc. (NYSE:QSR) EVP Sells 1760 Shares of Stock

Elias Hubbard
July 17, 2017

Common Shares (NYSE:QSR) in an analyst note issued to clients on Thursday, 13 July. In the last ninety days, insiders sold 250,000 shares of company stock worth $14,849,219. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Finally, Royal Bank Of Canada upped their price objective on Restaurant Brands International to C$83.00 and gave the company an "outperform" rating in a research report on Wednesday, February 22nd. (NYSE QSR) opened at 61.54 on Monday. Institutional investors own 75.98% of the company's stock. The firm's 50-day moving average is $80.93 and its 200-day moving average is $73.26. The company has market cap of $11.69 billion.

Investors wait Restaurant Brands International Inc (NYSE:QSR) to report on August, 3. its quarterly earnings Wall Street analysts expect $0.48 EPS, up $0.07 or 17.07 % from last year's $0.41 same quarter earnings. The restaurant operator reported $0.36 EPS for the quarter, beating analysts' consensus estimates of $0.35 by $0.01. Restaurant Brands International Inc. has a 1-year low of $41.43 and a 1-year high of $62.94. The difference between the expected and actual EPS was $0.01/share, which represents an Earnings surprise of 2.9%. The company had Year Ago Sales of 1.04 Billion.

Pershing Square Capital Management, the hedge fund company managed by billionaire Bill Ackman, sold 10 million of its stake in Restaurant Brands International Inc.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 6th. Private Advisor Gp Limited Liability Company has 0.01% invested in Principal Financial Group Inc (NYSE:PFG) for 3,603 shares. The ex-dividend date of this dividend was Thursday, May 11th. This is an increase from Restaurant Brands International's previous quarterly dividend of $0.18. Restaurant Brands International's payout ratio is presently 52.41%.

ILLEGAL ACTIVITY NOTICE: This story was posted by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this piece of content on another domain, it was stolen and republished in violation of US & global trademark and copyright legislation. IFP Advisors Inc boosted its stake in Restaurant Brands International by 21.9% in the first quarter.

QSR has been the subject of several analyst reports. RBC Capital Markets maintained the shares of QSR in report on Tuesday, October 25 with "Outperform" rating. Restaurant Brands International Inc had 4 analyst reports since October 14, 2016 according to SRatingsIntel.

Instinet began new coverage on Restaurant Brands International Inc. giving the company a "buy" rating.

Nomura started coverage by announcing an initial rating of "Buy". They now have a United States dollars 73 price target on the stock. Westpac Banking Corp raised its position in Restaurant Brands International by 1,037.1% in the first quarter.

Restaurant Brands International Inc. closed its last trading session at $62.09 with the loss of -1.63%. Goldman Sachs Group, Inc. As of the end of the quarter Howe & Rusling Inc had acquired a total of 36 shares growing its holdings by 16.7%. Restaurant Brands International had a return on equity of 21.88% and a net margin of 12.97%. Bank of Montreal Can now owns 7,266,766 shares of the restaurant operator's stock valued at $405,048,000 after buying an additional 804,609 shares in the last quarter. Following the sale, the executive vice president now owns 58,644 shares of the company's stock, valued at approximately $3,510,429.84. The stock was sold at an average price of $59.86, for a total value of $6,317,624.40. Creative Planning raised its position in Restaurant Brands International by 5.4% in the first quarter. Vanguard Group Inc. now owns 4,719,182 shares of the restaurant operator's stock valued at $263,048,000 after buying an additional 193,389 shares in the last quarter.

COPYRIGHT VIOLATION NOTICE: "Restaurant Brands International Inc (QSR) Downgraded by BidaskClub" was reported by Chaffey Breeze and is owned by of Chaffey Breeze.

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