Restaurant Brands International Inc. (NYSE:QSR) to Issue $0.58 Quarterly Dividend

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) declared a quarterly dividend on Thursday, August 8th, Zacks reports. Stockholders of record on Friday, September 20th will be paid a dividend of 0.58 per share by the restaurant operator on Friday, October 4th. This represents a $2.32 annualized dividend and a dividend yield of 3.35%. The ex-dividend date is Friday, September 20th.

Restaurant Brands International has increased its dividend payment by an average of 1.9% per year over the last three years. Restaurant Brands International has a dividend payout ratio of 59.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Restaurant Brands International to earn $3.86 per share next year, which means the company should continue to be able to cover its $2.32 annual dividend with an expected future payout ratio of 60.1%.

Restaurant Brands International Stock Performance

Shares of Restaurant Brands International stock opened at $69.28 on Wednesday. The stock’s fifty day simple moving average is $70.30 and its 200 day simple moving average is $72.11. The company has a current ratio of 0.78, a quick ratio of 0.71 and a debt-to-equity ratio of 2.71. The company has a market capitalization of $21.95 billion, a PE ratio of 17.86, a PEG ratio of 2.08 and a beta of 0.93. Restaurant Brands International has a 12 month low of $61.77 and a 12 month high of $83.29.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings results on Thursday, August 8th. The restaurant operator reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.01. Restaurant Brands International had a return on equity of 30.78% and a net margin of 16.99%. The company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.05 billion. On average, research analysts predict that Restaurant Brands International will post 3.36 EPS for the current year.

Insider Activity

In other news, insider Thomas Benjamin Curtis sold 6,536 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $68.63, for a total value of $448,565.68. Following the sale, the insider now directly owns 37,179 shares of the company’s stock, valued at approximately $2,551,594.77. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider Thomas Benjamin Curtis sold 6,536 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $68.63, for a total value of $448,565.68. Following the sale, the insider now owns 37,179 shares in the company, valued at approximately $2,551,594.77. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Axel Mr Schwan sold 36,000 shares of Restaurant Brands International stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $70.44, for a total transaction of $2,535,840.00. Following the transaction, the insider now directly owns 97,479 shares of the company’s stock, valued at $6,866,420.76. The disclosure for this sale can be found here. Insiders own 1.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on QSR. Genuity Capital Markets dropped their target price on shares of Restaurant Brands International from $74.00 to $73.00 and set a “neutral” rating on the stock in a report on Thursday, May 30th. Stifel Nicolaus dropped their price objective on shares of Restaurant Brands International from $80.00 to $77.00 and set a “hold” rating on the stock in a report on Tuesday, August 13th. TD Cowen reaffirmed a “buy” rating and issued a $82.00 target price on shares of Restaurant Brands International in a research note on Thursday, September 12th. Wells Fargo & Company dropped their price target on Restaurant Brands International from $80.00 to $77.00 and set an “overweight” rating on the stock in a research note on Friday, August 9th. Finally, Piper Sandler reduced their price objective on Restaurant Brands International from $82.00 to $75.00 and set a “neutral” rating for the company in a research report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $83.11.

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.