Restaurant Brands International Inc. (NYSE:QSR – Get Free Report) (TSE:QSR) announced a quarterly dividend on Tuesday, April 30th, Zacks reports. Investors of record on Friday, June 21st will be given a dividend of 0.58 per share by the restaurant operator on Friday, July 5th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date of this dividend is Friday, June 21st.
Restaurant Brands International has increased its dividend by an average of 1.9% annually over the last three years and has raised its dividend annually for the last 8 consecutive years. Restaurant Brands International has a payout ratio of 56.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Restaurant Brands International to earn $3.87 per share next year, which means the company should continue to be able to cover its $2.20 annual dividend with an expected future payout ratio of 56.8%.
Restaurant Brands International Price Performance
Shares of NYSE QSR opened at $73.21 on Thursday. The company has a current ratio of 1.01, a quick ratio of 0.94 and a debt-to-equity ratio of 2.78. The company’s 50-day moving average price is $76.59 and its 200 day moving average price is $74.51. Restaurant Brands International has a 52 week low of $61.77 and a 52 week high of $83.29. The stock has a market cap of $23.16 billion, a price-to-earnings ratio of 19.42, a PEG ratio of 2.19 and a beta of 0.91.
Analyst Ratings Changes
QSR has been the topic of several recent research reports. Robert W. Baird upped their price objective on Restaurant Brands International from $76.00 to $82.00 and gave the company a “neutral” rating in a research report on Wednesday. CIBC lowered their price target on shares of Restaurant Brands International from $88.00 to $87.00 and set an “outperform” rating for the company in a report on Wednesday, January 17th. Truist Financial raised their target price on shares of Restaurant Brands International from $87.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday. TD Cowen reaffirmed a “buy” rating and set a $84.00 price objective on shares of Restaurant Brands International in a research note on Tuesday. Finally, Guggenheim raised their target price on shares of Restaurant Brands International from $70.00 to $74.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 14th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Restaurant Brands International presently has an average rating of “Moderate Buy” and a consensus price target of $83.39.
Insider Activity
In related news, insider David Chan Shear sold 17,556 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total transaction of $1,338,820.56. Following the completion of the sale, the insider now directly owns 210,535 shares in the company, valued at $16,055,399.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Jill Granat sold 80,332 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $76.20, for a total transaction of $6,121,298.40. Following the transaction, the insider now owns 410,759 shares in the company, valued at approximately $31,299,835.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David Chan Shear sold 17,556 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $76.26, for a total value of $1,338,820.56. Following the completion of the sale, the insider now directly owns 210,535 shares of the company’s stock, valued at approximately $16,055,399.10. The disclosure for this sale can be found here. Insiders sold 380,200 shares of company stock worth $28,828,182 over the last three months. Corporate insiders own 1.25% of the company’s stock.
Restaurant Brands International Company Profile
Restaurant Brands International Inc operates as a quick-service restaurant company in Canada, the United States, and internationally. It operates through four segments: Tim Hortons (TH), Burger King (BK), Popeyes Louisiana Kitchen (PLK), and Firehouse Subs (FHS). The company owns and franchises TH chain of donut/coffee/tea restaurants that offer blend coffee, tea, and espresso-based hot and cold specialty drinks; and fresh baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, and other food products.
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