Restaurant Brands International officer sells shares worth $939,520

Published 27/02/2025, 23:30
Restaurant Brands International officer sells shares worth $939,520

Jeffrey Housman, the Chief People & Services Officer at Restaurant Brands International Inc. (NYSE:QSR), recently reported a significant transaction involving the company’s common shares. On February 25, 2025, Housman sold 14,593 shares at a price of $64.38 per share, totaling approximately $939,520. This transaction was made to cover withholding taxes related to the settlement of his performance share units.

Following this sale, Housman holds 142,986 common shares directly. Additionally, he has various derivative holdings, including options and restricted share units, which provide him with rights to acquire more shares in the future. These derivative holdings include 20,000 options exercisable at $55.55, 30,000 options at $58.44, and 20,000 options at $66.31, among others. With analysts setting price targets between $67 and $93, InvestingPro data suggests the stock may be undervalued at current levels.

This transaction highlights the ongoing management of stock-based compensation by executives at Restaurant Brands International, a company known for its global fast-food brands. The company has maintained dividend payments for 11 consecutive years, with a current dividend yield of 3.89%. Discover more insights about QSR and access comprehensive analysis through the Pro Research Report, available exclusively on InvestingPro.

In other recent news, Restaurant Brands International has acquired Burger King China for $158 million, marking a significant expansion in its global footprint. The company aims to introduce a new local partner to inject primary capital and become the controlling shareholder, while TFI will continue to support Burger King’s growth in Turkey. Meanwhile, TD Cowen has downgraded Restaurant Brands’ stock rating from Buy to Hold with a price target of $70, citing potential challenges in the Canadian market and increased competition in the fast-food industry as reasons for the cautious outlook.

JPMorgan has maintained its Overweight rating on Restaurant Brands with an $80 price target, following the company’s strong fourth-quarter results, which showed a 2.5% increase in global sales. This performance surpassed expectations and was driven by robust sales in key markets like the United Kingdom (TADAWUL:4280), Australia, and Canada. BMO Capital has reiterated its Outperform rating with a price target of $86, noting the company’s higher-than-expected earnings per share of $0.81 and strong international sales.

Stifel has maintained a Hold rating with a $68 price target, highlighting modest EBITDA growth since the acquisition of Popeyes in 2017. The firm noted potential valuation scenarios, including a demerger, that could increase the stock’s value but assigned a low probability to such an event. These developments reflect the varied perspectives of analysts on Restaurant Brands International’s strategic initiatives and financial performance.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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