Restaurant Brands International Inc (TSE:QSR) (NYSE:QSR) insider José E. Cil sold 38,480 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of C$65.00, for a total transaction of C$2,501,200.00.
Shares of Restaurant Brands International Inc (TSE:QSR) opened at C$83.05 on Tuesday. Restaurant Brands International Inc has a 1-year low of C$57.46 and a 1-year high of C$88.36.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Friday, December 15th will be issued a dividend of $0.262 per share. This represents a $1.05 dividend on an annualized basis and a yield of 1.26%. 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 payout ratio is presently 79.57%.
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Several equities analysts have recently commented on the stock. Royal Bank Of Canada boosted their target price on shares of Restaurant Brands International to C$97.00 and gave the company an “outperform” rating in a research report on Monday, October 23rd. CSFB upgraded shares of Restaurant Brands International from a “neutral” rating to an “outperform” rating in a research report on Thursday, September 7th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus 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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