Insider Activity: President of Tim Hortons at Restaurant Brands International (QSR) Buys $2.9 Million in Stock
Alexandre Macedo, President of Tim Hortons at Restaurant Brands International (QSR), bought 45,000 shares of the company’s common stock on Feb. 19. At $64.73 per share, Macedo paid a total of $2,912,850 for the new shares.
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About Restaurant Brands International Inc.
The consolidation of Burger King, Tim Hortons, and Popeyes Louisiana Kitchen as Restaurant Brands International creates the third- largest global quick-service restaurant chain, with $32 billion in pro forma system sales generated in 2018 and more than 25,800 units (99% franchised) as of March 2019. Revenue comes largely from franchise royalties and distribution sales to franchisees. Worldwide, there are 17,800 Burger King locations, 4,900 Tim Hortons locations, and 3,100 Popeyes locations.