Restaurant Brands International Inc. Announces Quarterly Dividend of $0.58 (NYSE:QSR)

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) declared a quarterly dividend on Tuesday, November 5th, Zacks reports. Investors of record on Friday, December 20th will be paid a dividend of 0.58 per share by the restaurant operator on Friday, January 3rd. This represents a $2.32 annualized dividend and a yield of 3.40%. The ex-dividend date is Friday, December 20th.

Restaurant Brands International has raised its dividend payment by an average of 1.9% annually over the last three years. Restaurant Brands International has a dividend payout ratio of 59.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Restaurant Brands International to earn $3.85 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 60.3%.

Restaurant Brands International Price Performance

Restaurant Brands International stock opened at $68.28 on Thursday. The stock has a market capitalization of $22.10 billion, a P/E ratio of 17.11, a P/E/G ratio of 2.09 and a beta of 0.94. The company has a debt-to-equity ratio of 2.71, a current ratio of 0.78 and a quick ratio of 0.71. Restaurant Brands International has a 12-month low of $65.87 and a 12-month high of $83.29. The firm’s 50-day moving average is $70.23 and its two-hundred day moving average is $70.54.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings results on Thursday, August 8th. The restaurant operator reported $0.86 EPS for the quarter, beating the consensus estimate of $0.85 by $0.01. The company had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.05 billion. Restaurant Brands International had a return on equity of 30.78% and a net margin of 16.99%. Equities analysts predict that Restaurant Brands International will post 3.37 earnings per share for the current year.

Insider Buying and Selling at Restaurant Brands International

In related news, insider Thomas Benjamin Curtis sold 6,536 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $2,551,594.77. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, insider Thomas Benjamin Curtis sold 6,536 shares of the 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 owns 37,179 shares of the company’s stock, valued at $2,551,594.77. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Axel Mr Schwan sold 36,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the insider now owns 97,479 shares of the company’s stock, valued at approximately $6,866,420.76. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.36% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

QSR has been the topic of a number of recent analyst reports. TD Cowen cut their price target on shares of Restaurant Brands International from $82.00 to $80.00 and set a “buy” rating on the stock in a research note on Wednesday. Wells Fargo & Company decreased their price objective on shares of Restaurant Brands International from $80.00 to $77.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. Truist Financial reduced their target price on shares of Restaurant Brands International from $87.00 to $86.00 and set a “buy” rating on the stock in a report on Monday, August 19th. Royal Bank of Canada lowered their price target on Restaurant Brands International from $95.00 to $90.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, Evercore ISI reduced their price objective on Restaurant Brands International from $93.00 to $90.00 and set an “outperform” rating on the stock in a research note on Wednesday. One research analyst has rated the stock with a sell rating, eight have given a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.65.

About Restaurant Brands International

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.