Restaurant Brands International (TSE:QSR) Sets New 52-Week High – Time to Buy?

Restaurant Brands International Inc. (TSE:QSR) (NYSE:QSR)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$113.10 and last traded at C$111.72, with a volume of 27560 shares. The stock had previously closed at C$111.11.

Restaurant Brands International Trading Up 0.6%

The firm’s 50 day moving average price is C$104.87 and its 200-day moving average price is C$102.97. The company has a debt-to-equity ratio of 406.52, a current ratio of 1.01 and a quick ratio of 0.80. The stock has a market cap of C$38.98 billion, a P/E ratio of 30.13, a P/E/G ratio of 2.22 and a beta of 0.36.

Restaurant Brands International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 7th. Investors of record on Tuesday, July 7th were given a $0.65 dividend. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $2.60 annualized dividend and a yield of 2.3%. Restaurant Brands International’s dividend payout ratio is 68.46%.

Restaurant Brands International Company Profile

Restaurant Brands International is one of the largest restaurant companies in the world, with more than $35 billion in 2021 systemwide sales across a footprint that spans more than 28,000 restaurants and 100 countries. The firm generates revenue primarily from retail sales at its company-owned restaurants, royalty fees and lease income from franchised stores, and from its Tim Horton’s supply chain operations. Formed in 2014 after 3G Capital’s acquisition of Tim Horton’s International, the Restaurant Brands portfolio now includes Burger King (19,250 units), Tim Horton’s (5,300 units), and Popeyes Louisiana Kitchen (3,700 units).