Duncan Fulton, Chief Corporate Officer of Restaurant Brands International Inc. (NYSE:QSR), disclosed recent transactions involving the company's common shares. On December 16, Fulton sold a total of 2,574.292 shares at an average price of $67.8895, amounting to a total value of $174,767. The transaction comes as the company, currently valued at $30.3 billion, trades near its 52-week low with a P/E ratio of 16.7 and offers a dividend yield of 3.44%.
These sales were conducted to cover withholding taxes on the vesting of restricted share units. Following these transactions, Fulton holds 26,477.4784 shares directly. According to InvestingPro data, QSR has demonstrated strong revenue growth of 15.1% over the last twelve months, while maintaining historically low price volatility.
Restaurant Brands International, headquartered in Toronto, is known for its portfolio of popular fast-food brands, including Burger King, Tim Hortons, and Popeyes. For detailed analysis and additional insights, including 8 more exclusive ProTips, access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Restaurant Brands International (RBI) has reported a modest increase in comparable sales and a more significant rise in net restaurant growth in its third-quarter earnings for 2024. The company noted the successful integration of its new Restaurant Holdings segment and a focus on digital sales, which now account for nearly 20% of total sales. Despite challenges in specific markets, particularly the U.S. and China, RBI remains optimistic about its long-term growth prospects.
In a recent analysis by Bernstein, a market analysis firm, Chipotle Mexican Grill (NYSE:CMG) and Wingstop (NASDAQ:WING) were highlighted for their exceptional value propositions and industry outperformance. Bernstein analysts maintain a positive outlook on the U.S. restaurant sector, suggesting attractive investment opportunities despite a recent downturn. They also anticipate an improving traffic environment could bolster Starbucks (NASDAQ:SBUX) and RBI's Burger King in their turnaround efforts.
KeyBanc has adjusted its outlook on RBI, reducing the price target while maintaining an Overweight rating on the stock. The adjustment follows the company's third-quarter results for 2024, which did not meet consensus forecasts. Despite the quarterly shortfall, RBI maintains optimism for its long-term financial health, projecting over 8% adjusted operating income growth.
These recent developments reflect RBI's resilience and strategic focus on digital sales, franchisee profitability, and international expansion. The company expects full-year 2024 system-wide sales growth to be between 5% and 5.5%. Furthermore, RBI aims for over 8% organic adjusted operating income growth for the year.
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