Cigna earnings beat by $0.04, revenue topped estimates
Axel Schwan, the President of Tim Hortons Americas at Restaurant Brands International Inc. (NYSE:QSR), recently sold a significant portion of his holdings in the company. On February 21, Schwan sold 25,560 common shares at an average price of $62.35 per share, amounting to a total transaction value of approximately $1.59 million. The transaction occurred as QSR shares, currently trading at $64.27, show a market capitalization of $29 billion. According to InvestingPro analysis, the stock appears to be trading below its Fair Value.
This transaction was part of a series of moves by Schwan, who also acquired 47,750 common shares through the exercise of performance share units on the same day. However, these acquisitions were not direct purchases, as they were related to the vesting of performance-based restricted share units. InvestingPro data reveals that QSR generally trades with low price volatility, with a beta of 0.95, and maintains a strong dividend track record, having raised its dividend for 10 consecutive years.
Following these transactions, Schwan holds a total of 127,501 common shares in Restaurant Brands International. The company, known for its portfolio of fast-food brands including Tim Hortons, Burger King, and Popeyes, continues to be a major player in the global restaurant industry. With an overall Financial Health score of "FAIR" and a solid revenue growth of 19.7% in the last twelve months, QSR demonstrates steady performance. For deeper insights into insider trading patterns and comprehensive analysis, access the full QSR Research Report on InvestingPro, which covers over 1,400 US stocks with expert analysis and actionable intelligence.
In other recent news, Restaurant Brands International has acquired Burger King China for $158 million, enhancing its ownership in the region. The company plans to find a new local partner to inject primary capital, aiming for the partner to become the controlling shareholder. Despite the ownership change, TFI will continue supporting Burger King’s expansion in Turkey, while Restaurant Brands International also focuses on growing Tim Hortons in China. Meanwhile, TD Cowen downgraded Restaurant Brands International’s stock from Buy to Hold, setting a price target of $70 due to concerns about potential challenges in the Canadian market and increased competition in the fast-food sector.
JPMorgan maintained its Overweight rating on Restaurant Brands International with an $80 price target, following a 2.5% increase in global sales in the fourth quarter of fiscal 2024, surpassing expectations. BMO Capital also kept an Outperform rating with a price target of $86, highlighting stronger-than-expected earnings per share of $0.81 and robust international sales. Stifel analysts maintained a Hold rating with a $68 target, noting modest EBITDA growth since the acquisition of Popeyes and suggesting a potential higher valuation if a demerger were considered, albeit with low probability. These developments reflect the varied perspectives among analysts regarding Restaurant Brands International’s performance and future prospects.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.