Restaurant Brands International Inc (NYSE: QSR) is 4.36% higher on its value in year-to-date trading and has touched a low of $59.99 and a high of $83.29 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The QSR stock was last observed hovering at around $82.75 in the last trading session, with the day’s loss setting it -1.21%.
Currently trading at $81.54, the stock is 4.49% and 5.16% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.83 million and changing -1.46% at the moment leaves the stock 11.76% off its SMA200. QSR registered 33.32% gain for a year compared to 6-month gain of 20.64%. The firm has a 50-day simple moving average (SMA 50) of $5.55 and a 200-day simple moving average (SMA200) of $17.42.
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The stock witnessed a 9.07% loss in the last 1 month and extending the period to 3 months gives it a 10.80%, and is 1.14% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.89% over the week and 1.98% over the month.
Restaurant Brands International Inc (QSR) has around 9000 employees, a market worth around $25.38B and $7.02B in sales. Current P/E ratio is 21.67 and Fwd P/E is 20.95. Profit margin for the company is 16.95%. Distance from 52-week low is 35.92% and -2.10% from its 52-week high. The company has generated returns on investments over the last 12 months (6.96%).
Restaurant Brands International Inc quarterly earnings per share for the current quarter are estimated at $0.72 with sales reaching $1.7B over the same period.The EPS is expected to grow by 5.38% this year, but quarterly earnings will post 13.80% year-over-year. Quarterly sales are estimated to grow 8.90% in year-over-year returns.
720 institutions hold shares in Restaurant Brands International Inc (QSR), with institutional investors hold 89.33% of the company’s shares. The shares outstanding are 312.45M, and float is at 307.87M with Short Float at 2.68%. Institutions hold 88.04% of the Float.
The top institutional shareholder in the company is Capital World Investors with over 41.73 million shares valued at $3.24 billion. The investor’s holdings represent 13.36% of the QSR Shares outstanding. As of Jun 29, 2023, the second largest holder is Pershing Square Capital Management, L.P. with 23.35 million shares valued at $1.81 billion to account for 7.47% of the shares outstanding. The other top investors are Royal Bank of Canada which holds 22.32 million shares representing 7.14% and valued at over $1.73 billion, while Capital Research Global Investors holds 6.37% of the shares totaling 19.9 million with a market value of $1.54 billion.
Restaurant Brands International Inc (QSR) Insider Activity
The most recent transaction is an insider sale by Granat Jill, the company’s. SEC filings show that Granat Jill sold 80,332 shares of the company’s common stock on Feb 26 ’24 at a price of $76.20 per share for a total of $6.12 million. Following the sale, the insider now owns 0.41 million shares.
Restaurant Brands International Inc disclosed in a document filed with the SEC on Feb 26 ’24 that Fulton Duncan (Chief Corporate Officer) sold a total of 32,500 shares of the company’s common stock. The trade occurred on Feb 26 ’24 and was made at $76.44 per share for $2.48 million. Following the transaction, the insider now directly holds 25386.0 shares of the QSR stock.
Still, SEC filings show that on Feb 23 ’24, Housman Jeffrey () disposed off 30,000 shares at an average price of $75.51 for $2.27 million. The insider now directly holds 61,579 shares of Restaurant Brands International Inc (QSR).
