Restaurant Brands CFO Siddiqui sells $1.15 million in shares

Restaurant Brands International Inc. (NYSE:QSR) Chief Financial Officer Sami Siddiqui recently sold a significant portion of his holdings in the company, according to a recent SEC filing. On February 21, Siddiqui sold 18,476 shares of Restaurant Brands at an average price of $62.35 per share, amounting to a total transaction value of approximately $1.15 million. The sale comes as the company, currently valued at $29 billion, trades below its InvestingPro Fair Value, with analyst targets ranging from $67 to $93 per share.

In addition to the sale, the filing detailed several transactions involving the acquisition of common shares through the exercise of performance share units. These transactions, however, did not involve any cash exchange as the shares were acquired at no cost. Following these transactions, Siddiqui’s direct ownership stands at 55,761 shares, with an additional 178,589 shares held indirectly through a trust. Notably, Restaurant Brands has maintained dividend payments for 11 consecutive years, with a current yield of 3.86% and low price volatility. For deeper insights into insider transactions and comprehensive financial analysis, check out the detailed Pro Research Report available on InvestingPro.

The filing provides a snapshot of Siddiqui’s current holdings and recent transactions, reflecting his ongoing involvement with the company’s equity.

In other recent news, Restaurant Brands International has acquired the equity interests in Burger King China for approximately $158 million, securing near-total ownership. This move highlights the company’s commitment to expanding its presence in the Chinese market. Meanwhile, TD Cowen analysts have downgraded Restaurant Brands International from Buy to Hold, setting a price target of $70.00 due to potential challenges in the Canadian market and increased competition in the fast-food sector. In contrast, JPMorgan has maintained an Overweight rating with a price target of $80.00, following stronger-than-expected fourth-quarter results for fiscal 2024, with a 2.5% increase in global sales.

BMO Capital continues to support Restaurant Brands International with an Outperform rating and a price target of $86.00, noting the company’s fourth-quarter earnings per share of $0.81, which exceeded consensus estimates. The firm remains optimistic about the company’s long-term growth prospects despite competitive challenges. Stifel analysts have maintained a Hold rating with a price target of $68.00, citing modest EBITDA growth since the acquisition of Popeyes in 2017. They discuss a potential valuation increase to $80 under a sum-of-the-parts analysis but assign a low probability to such a scenario. These developments reflect the varied perspectives of analysts on Restaurant Brands International’s current and future performance.

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