Restaurant Brands International’s chief corporate officer sells $998k in stock

Duncan Fulton, Chief Corporate Officer at Restaurant Brands International Inc. (NYSE:QSR), a $29 billion quick-service restaurant company currently trading at $64.27, recently executed a significant stock transaction. According to InvestingPro analysis, QSR shows fair financial health with generally low price volatility. On February 21, 2025, Fulton sold 15,973 shares of the company’s common stock at an average price of $62.48 per share, amounting to approximately $998,043. This sale was primarily to cover withholding taxes related to the vesting of performance share units. Following this transaction, Fulton holds 45,248 shares directly. The company maintains a P/E ratio of 20.1x and offers a 3.86% dividend yield, having raised its dividend for 10 consecutive years. For more detailed insights and additional ProTips, visit InvestingPro, where you’ll find comprehensive analysis in our Pro Research Report.

In other recent news, Restaurant Brands International has acquired Burger King China for approximately $158 million, securing near-total ownership of the business. This strategic move is part of the company’s plan to expand its presence in the Chinese market, with intentions to find a new local partner to inject primary capital. In earnings news, the company reported a fourth-quarter earnings per share of $0.81, surpassing the consensus estimate of $0.78, driven by strong international comparable sales and higher profitability at Tim Hortons. Analysts have reacted differently to these developments; TD Cowen downgraded the stock to Hold with a $70 target, citing potential challenges in the Canadian market and competition in the fast-food industry.

Meanwhile, JPMorgan maintained an Overweight rating with an $80 target, highlighting the company’s strong global sales growth of 2.5% in the fourth quarter of fiscal 2024. BMO Capital continues to support an Outperform rating with an $86 target, noting the company’s attractive valuation and alignment with long-term growth targets. Stifel, however, maintained a Hold rating with a $68 target, pointing out modest EBITDA growth since the acquisition of Popeyes in 2017. Despite differing views, analysts remain focused on the company’s strategic positioning and potential for growth in a competitive market.

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