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Thiago Santelmo, President of International at Restaurant Brands International Inc. (NYSE:QSR), recently sold a significant portion of his holdings in the company. According to a recent SEC filing, Santelmo sold 10,859 shares of common stock at a price of $64.38 per share, totaling approximately $699,108. The transaction occurred as the $29.5 billion fast-food giant trades at $65.19, with InvestingPro analysis indicating the stock is currently undervalued.
The transaction took place on February 25, 2025. Following this sale, Santelmo retains ownership of 57,345 shares. This move was part of a broader exercise and settlement of performance share units, which also saw the acquisition of 29,668 shares without any cash transaction involved. According to InvestingPro, the stock generally trades with low price volatility, with a beta of 0.95.
Santelmo’s role as a key executive at Restaurant Brands International, the parent company of fast-food giants like Burger King and Tim Hortons, often draws investor attention to his trading activities. This sale is part of his ongoing management of stock-based compensation and holdings. The company maintains a healthy 3.89% dividend yield and has raised its dividend for 10 consecutive years. Discover more insights about QSR with InvestingPro, which offers additional ProTips and comprehensive analysis.
In other recent news, Restaurant Brands International has completed the acquisition of Burger King China for approximately $158 million, securing near-total ownership of the business. The company plans to engage advisors to identify a new local partner who will become the controlling shareholder. In addition, Restaurant Brands International continues its partnership with Cartesian to expand the Tim Hortons brand in China. Meanwhile, analysts have provided mixed outlooks on the company’s stock. TD Cowen downgraded Restaurant Brands International from Buy to Hold, setting a price target of $70, citing potential challenges in the Canadian market and increased competition in the fast-food sector. Conversely, JPMorgan maintained an Overweight rating with a price target of $80, following stronger-than-expected fourth-quarter results and robust sales growth in several key markets. BMO Capital also reiterated an Outperform rating with an $86 price target, noting the company’s better-than-expected earnings per share and strong international sales. Stifel held a Hold rating with a $68 target, highlighting modest EBITDA growth since the acquisition of Popeyes and suggesting a potential valuation increase if a demerger were considered. These developments reflect the company’s strategic moves and the varied perspectives of analysts on its future performance.
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