Jill Granat, Senior Executive Vice President, General Counsel, and Secretary of Restaurant Brands International Inc. (NYSE:QSR), recently executed several stock transactions involving the company's common shares. According to a recent filing, Granat sold a total of 91,000 common shares, generating approximately $6.39 million. The shares were sold at prices ranging from $69.24 to $70.81 per share, close to the current market price of $70. The transaction occurred in a company currently valued at $31.64 billion, trading at a P/E ratio of 17.49. InvestingPro analysis suggests the stock is currently slightly undervalued.
Additionally, Granat exercised options to acquire 70,000 common shares at a price of $33.67 per share, amounting to a total of approximately $2.36 million. After these transactions, Granat's direct ownership of Restaurant Brands International stands at 388,759.36 shares. The company maintains a healthy 3.31% dividend yield and has raised its dividend for 10 consecutive years. For deeper insights into insider trading patterns and comprehensive analysis, check out the detailed Pro Research Report available on InvestingPro.
In other recent news, Restaurant Brands International (RBI) has experienced some significant developments. After the release of its third-quarter results for 2024, KeyBanc adjusted its outlook on RBI, reducing the price target to $78 from the previous $80 while maintaining an Overweight rating on the stock. This adjustment came after RBI's quarterly performance fell short of expectations, leading to a revision of its full-year projections.
The company reported modest growth, with a slight 0.3% increase in comparable sales and a notable rise in net restaurant growth. Despite regional challenges, particularly in the U.S. and China, RBI maintains optimism for its long-term financial health, projecting over 8% adjusted operating income growth.
RBI also reported increased franchisee profitability with 4-wall EBITDA reaching $205,000 and an adjusted EPS increase of 4.6% to $0.93, generating $485 million in free cash flow. KeyBanc's analysis suggests that the current trading price of RBI's stock does not fully reflect the company's growth potential over the long term.
These recent developments reflect RBI's resilience and strategic focus on digital sales, franchisee profitability, and international expansion. Despite some brands experiencing challenges, the company is optimistic about its long-term growth prospects.
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