Restaurant Brands International (QSR) : During the past 4 weeks, traders have been relatively bearish on Restaurant Brands International (QSR), hence the stock is down -6.87% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.71% relative to the S&P 500. The stock has risen by 0.77% in the past week indicating that the buyers are active at lower levels, but the stock is down -2.8% in the past 4 weeks. The stock has recorded a 20-day Moving Average of 0.18% and the 50-Day Moving Average is 0.02%.
Restaurant Brands International (NYSE:QSR): The stock opened at $41.94 on Friday but the bulls could not build on the opening and the stock topped out at $42.21 for the day. The stock traded down to $41.43 during the day, due to lack of any buying support eventually closed down at $41.72 with a loss of -0.43% for the day. The stock had closed at $41.90 on the previous day. The total traded volume was 1,285,757 shares.
The company Insiders own 1.03% of Restaurant Brands International shares according to the proxy statements. Institutional Investors own 72.35% of Restaurant Brands International shares. In a related news, Caira Marc, director of Restaurant Brands International Inc., unloaded 100,000 shares at an average price of $43.02 on May 5, 2016. The total amount of the transaction was worth $4,302,000, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Restaurant Brands International Inc is the parent company for Tim Hortons Inc. and Burger King Worldwide, Inc. The Company operates more than 18,000 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 4,590 system wide restaurants, including 3,665 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 14,000 locations serving more than 11 million guests daily in 100 countries and territories globally.