Restaurant Brands International Inc. (QSR): Marc Caira , director of Restaurant Brands International Inc. sold 100,000 shares on May 5, 2016. The Insider selling transaction was reported by the company on May 6, 2016 to the Securities and Exchange Commission. The shares were sold at $43.02 per share for a total value of $4,302,000.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Feb 22, 2016, Damme Alexandre Van (director) purchased 78,125 shares at $32.74 per share price.On Dec 18, 2015, V Milroy Thomas (director) purchased 10,000 shares at $36.52 per share price.Also, On Dec 16, 2015, Restaurant Brands Holdings 3g (10% owner) sold 1.754241E7 shares at $34.00 per share price.On Dec 15, 2015, Carlos Alberto Sicupira (director) purchased 583,090 shares at $34.30 per share price.
Restaurant Brands International Inc: On Wednesday, May 4, 2016 heightened volatility was witnessed in Restaurant Brands International Inc which led to swings in the share price. The shares opened for trading at $42.54 and hit $42.97 on the upside , eventually ending the session at $42.83, with a gain of 0.09% or 0.04 points. The heightened volatility saw the trading volume jump to 6,83,574 shares. The 52-week high of the share price is $44.6 and the company has a market cap of $9,986 M . The 52-week low of the share price is at $29.28.
Company has been under the radar of several Street Analysts.Restaurant Brands International Inc is Reiterated by RBC Capital Mkts to Outperform and the brokerage firm has raised the Price Target to $ 49 from a previous price target of $48 .The Rating was issued on Apr 29, 2016.Restaurant Brands International Inc is Reiterated by Piper Jaffray to Overweight and the brokerage firm has raised the Price Target to $ 44 from a previous price target of $40 .The Rating was issued on Apr 14, 2016.Restaurant Brands International Inc is Upgraded by RBC Capital Mkts to Outperform and the brokerage firm has raised the Price Target to $ 48 from a previous price target of $38 .Earlier the firm had a rating of Sector Perform on the company shares. The Rating was issued on Apr 11, 2016.Restaurant Brands International Inc is Downgraded by Morgan Stanley to Equal-Weight. Earlier the firm had a rating of Overweight on the company shares. The Rating was issued on Apr 8, 2016.Restaurant Brands International Inc is Initiated by Longbow to Neutral. The Rating was issued on Mar 18, 2016.
Restaurant Brands International Inc is the parent company for Tim Hortons Inc. and Burger King Worldwide Inc. The Company operates more than 18000 restaurants operating in 100 countries under its two distinct brands. Tim Hortons operates restaurant chains in North America and Canada. Operating in the quick service segment of the restaurant industry Tim Hortons menu includes premium coffee hot and cold specialty drinks (including lattes cappuccinos and espresso shots) specialty teas and fruit smoothies fresh baked goods grilled Panini and classic sandwiches wraps soups prepared foods and other food products. As of September 28 2014 Tim Hortons had 4590 system wide restaurants including 3665 in Canada 869 in the United States and 56 in the Gulf Cooperation Council. BURGER KING is a fast food hamburger chain. The BURGER KING system operates in approximately 14000 locations serving more than 11 million guests daily in 100 countries and territories globally.