Restaurant Brands CEO Joshua Kobza sells $797,342 in shares

Joshua Kobza, the Chief Executive Officer of Restaurant Brands International Inc. (NYSE:QSR), recently sold a significant portion of his holdings in the company. According to a Form 4 filing with the Securities and Exchange Commission, Kobza sold 12,419.6632 common shares on January 6, 2025, at a price of $64.20 per share, totaling approximately $797,342. The transaction comes as QSR trades near its 52-week low of $63.09, with the stock currently valued at $63.14.

Following this transaction, Kobza retains ownership of 703,445.0188 shares in the company. The sale was reportedly made to cover withholding tax obligations related to the vesting of previously awarded restricted share units. According to InvestingPro analysis, QSR maintains a GOOD financial health score and offers a 3.67% dividend yield, having raised its dividend for 10 consecutive years. Analysts maintain a bullish outlook with price targets ranging from $72 to $103.

In addition to this sale, Kobza acquired various performance and restricted share units on January 3, 2025. These acquisitions were made at no cost, as they were related to dividend equivalent rights accruing on previous awards. Despite these acquisitions, the sale remains the most notable transaction in this filing, reflecting Kobza's ongoing management of his equity stake in the $28.46 billion market cap company. For deeper insights into QSR's valuation and financial metrics, including 8 additional ProTips and comprehensive analysis, visit InvestingPro.

In other recent news, Restaurant Brands International (RBI) reported a slight increase in comparable sales and a significant rise in net restaurant growth in its third-quarter earnings for 2024. Despite facing market challenges, the company maintains optimism for its long-term financial health, projecting over 8% adjusted operating income growth. RBI also reported increased franchisee profitability with 4-wall EBITDA reaching $205,000 and an adjusted EPS increase of 4.6% to $0.93, generating $485 million in free cash flow.

In the analysis released by Bernstein, the firm highlighted Chipotle Mexican Grill (NYSE:CMG) and Wingstop (NASDAQ:WING) for their exceptional value propositions and industry outperformance, suggesting that the recent devaluation in the restaurant industry presents attractive investment opportunities. However, Bernstein advised caution regarding restaurant concepts with significant international exposure, such as Yum! Brands (NYSE:YUM), McDonald's (NYSE:MCD), and Restaurant Brands International.

KeyBanc adjusted its outlook on Restaurant Brands International, reducing the price target to $78 from the previous $80 while maintaining an Overweight rating on the stock. The firm suggests that the current trading price of RBI's stock does not fully reflect the company's growth potential over the long term. These recent developments reflect RBI's resilience and strategic focus on digital sales, franchisee profitability, and international expansion.

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