Restaurant Brands International Inc (TSE:QSR) (NYSE:QSR) insider José E. Cil sold 38,480 shares of the firm’s 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 transaction of C$2,501,200.00.
Restaurant Brands International Inc (QSR) traded down C$1.73 during mid-day trading on Wednesday, hitting C$82.86. 457,275 shares of the company traded hands, compared to its average volume of 383,466. Restaurant Brands International Inc has a 1-year low of C$62.45 and a 1-year high of C$88.36.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Friday, December 15th will be paid a $0.262 dividend. This represents a $1.05 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend is Thursday, December 14th. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.20. Restaurant Brands International’s payout ratio is presently 79.57%.
A number of equities research analysts have issued reports on the stock. CSFB raised shares of Restaurant Brands International from a “neutral” rating to an “outperform” rating in a research note on Thursday, September 7th. Royal Bank Of Canada lifted their target price on shares of Restaurant Brands International to C$97.00 and gave the company an “outperform” rating in a research note on Monday, October 23rd. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of C$81.25.
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Restaurant Brands International Company Profile
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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