Burger King parent Restaurant Brands's stock falls after 3G Capital discloses large share sale [MarketWatch]
Restaurant Brands International Inc. Common Shares (QSR)
Last restaurant brands international inc. common shares earnings: 5/1 06:30 am
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Source: MarketWatch
Burger King parent Restaurant Brands's stock falls after 3G Capital discloses large share sale Shares of Restaurant Brands International Inc. QSR, -4.04% fell 4.3% in morning trading Friday, after the parent of the Burger King and Tim Hortons restaurant chains disclosed that shareholder 3G Capital Partners intended to sell 20 million Restaurant Brands shares. At current stock prices, 20 million shares would be valued at $1.47 billion. The sale comes after the stock closed at a record high of $78.01 on Wednesday--it has now lost 6.1% since then--and has run up 40.1% year to date. In comparison, the S&P 500 SPX, -1.16% has gained 16.2% this year. The share sale represents 10.5% of 3G's stake in Restaurant Brands, or 4.3% of the total shares outstanding, and will leave 3G with 36.7% of Restaurant Brand's common stock and total voting power, according to a late-Thursday filing with the Securities and Exchange Commission. Restaurant Brands said it would not receive any proceeds from
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News
- Is Restaurant Brands (QSR) Trading at a Discount? [Yahoo! Finance]Yahoo! Finance
- Pershing Square - Restaurant Brands: A New Era Of Consistently Stronger Performance [Seeking Alpha]Seeking Alpha
- Restaurant Brands International's (NYSE:QSR) Shareholders Will Receive A Bigger Dividend Than Last Year [Yahoo! Finance]Yahoo! Finance
- Restaurant Brands International Inc. (NYSE: QSR) had its "outperform" rating re-affirmed by analysts at TD Cowen. They now have a $90.00 price target on the stock.MarketBeat
- Restaurant Brands International Inc. (NYSE:QSR) Goes Ex-Dividend Soon [Yahoo! Finance]Yahoo! Finance
QSR
Earnings
- 2/13/24 - Beat
QSR
Sec Filings
- 3/20/24 - Form 4
- 3/20/24 - Form 4
- 3/20/24 - Form 4
- QSR's page on the SEC website