Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Restaurant Brands International Inc. shares valued at $884,550 were sold by Dunnigan Matthew on Sep 16. At $58.97 per share, Dunnigan Matthew sold 15,000 shares. The insider’s holdings dropped to 41,449 shares worth approximately $2.38 million following the completion of this transaction.
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Also, Siddiqui Sami A. sold 5,000 shares, netting a total of over 282,250 in proceeds. Following the sale of shares at $56.45 each, the insider now holds 147,821 shares.
Before that, Siddiqui Sami A. had sold 14,600 shares from its account. In a trade valued at $803,000, the Brand Pres., Popeyes, Americas traded Restaurant Brands International Inc. shares for $55.00 each. Upon closing the transaction, the insider’s holdings decreased to 14,600 shares, worth approximately $8.79 million.
As published in their initiating research note from Bernstein on September 08, 2022, Restaurant Brands International Inc. [QSR] has been a Mkt perform and the price target has been revised to $64. This represents a 10.17% premium over Wednesday’s closing price. Analysts at Argus upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early August. As of May 04, 2022, Stifel has decreased its “Buy” rating to a “Hold” for QSR. Earlier on April 12, 2022, Citigroup downgraded its rating. Their new recommendation was “a Neutral” for QSR stock which previously was a “a Buy”.
Analyzing QSR’s Price Performance
On Wednesday, Restaurant Brands International Inc. [NYSE: QSR] plunged -1.63% to $57.49. The stock’s lowest price that day was $57.47, but it reached a high of $58.945 in the same session. During the last five days, there has been a drop of approximately -3.48%. Over the course of the year, Restaurant Brands International Inc. shares have dropped approximately -5.26%. Shares of the company reached a 52-week high of $61.79 on 09/12/22 and a 52-week low of $46.68 on 06/16/22. A 50-day SMA is recorded $57.40, while a 200-day SMA reached $55.98. Nevertheless, trading volume fell to 1.05 million shares from 3.29 million shares the previous day.
Support And Resistance Levels for Restaurant Brands International Inc. (QSR)
According to the 24-hour chart, there is a support level at 56.99, which, if violated, would cause prices to drop to 56.49. In the upper region, resistance lies at 58.47. The next price resistance is at 59.44. RSI (Relative Strength Index) is 41.98 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.03, which suggests the price will decrease in the coming days. Percent R is at 99.54%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Restaurant Brands International Inc. subject to short interest?
Stocks of Restaurant Brands International Inc. saw a sharp steep in short interest on Jul 14, 2022 dropping by -0.9 million shares to 11.59 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 12.49 million shares. A decline of -7.77% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 8.34 of the overall float, the days-to-cover ratio (short ratio) decline to 8.34.
Which companies own the most shares of Restaurant Brands International Inc. (QSR)?
According to Capital Research & Management Co filings, the company currently owns 37,561,960 shares, which is about 12.28% of the total QSR shares outstanding. The investor’s shares have plunged by -14,951 from its previous 13-F filing of 37576911.0 shares. With the completion of the sale transaction, Pershing Square Capital Managemen’s stake is now worth $1,405,535,819. Edgepoint Investment Group, Inc. acquire a 7.25% interest valued at $1.06 billion while Jarislowsky, Fraser Ltd. sold a -87,430 stake. A total of 97,664 shares of Restaurant Brands International Inc. were sold by 1832 Asset Management LP during the quarter, and 436,957 were bought by Beutel, Goodman & Co. Ltd. In its current portfolio, RBC Dominion Securities, Inc. holds 8,626,914 shares valued at $508.99 million.
In spite of this, 31 analysts ranked Restaurant Brands International Inc. stock as an Overweight at the end of 2022. On January 14, 2022, Morgan Stanley assigned a price target of “an Underweight” to the stock and downgraded coverage with a $60.