Restaurant Brands International Inc. (QSR) To Go Ex-Dividend on March 21st

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) declared a quarterly dividend on Wednesday, February 12th, Wall Street Journal reports. Stockholders of record on Friday, March 21st will be paid a dividend of 0.62 per share by the restaurant operator on Friday, April 4th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date of this dividend is Friday, March 21st. This is a 6.9% increase from Restaurant Brands International’s previous quarterly dividend of $0.58.

Restaurant Brands International has raised its dividend by an average of 3.1% annually over the last three years. Restaurant Brands International has a payout ratio of 60.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Restaurant Brands International to earn $4.01 per share next year, which means the company should continue to be able to cover its $2.48 annual dividend with an expected future payout ratio of 61.8%.

Restaurant Brands International Stock Up 0.5 %

Shares of NYSE:QSR opened at $67.83 on Wednesday. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.75. The stock has a market capitalization of $22.04 billion, a P/E ratio of 21.33, a price-to-earnings-growth ratio of 1.77 and a beta of 0.95. Restaurant Brands International has a 12-month low of $59.67 and a 12-month high of $81.27. The stock’s 50-day moving average price is $63.91 and its 200-day moving average price is $67.27.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings data on Wednesday, February 12th. The restaurant operator reported $0.81 earnings per share for the quarter, missing the consensus estimate of $1.10 by ($0.29). Restaurant Brands International had a net margin of 12.15% and a return on equity of 28.53%. On average, equities analysts anticipate that Restaurant Brands International will post 3.72 earnings per share for the current year.

Insider Activity

In other Restaurant Brands International news, CFO Sami A. Siddiqui sold 5,579 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $64.20, for a total value of $358,171.80. Following the completion of the transaction, the chief financial officer now owns 27,266 shares of the company’s stock, valued at approximately $1,750,477.20. This trade represents a 16.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Thiago T. Santelmo sold 3,511 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $64.20, for a total transaction of $225,406.20. Following the completion of the transaction, the insider now directly owns 32,937 shares of the company’s stock, valued at approximately $2,114,555.40. This represents a 9.63 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 287,726 shares of company stock worth $18,269,723. Corporate insiders own 1.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on QSR shares. Barclays cut their price objective on shares of Restaurant Brands International from $83.00 to $80.00 and set an “overweight” rating for the company in a research report on Thursday, February 13th. Argus downgraded shares of Restaurant Brands International from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. TD Cowen downgraded shares of Restaurant Brands International from a “buy” rating to a “hold” rating and set a $70.00 target price for the company. in a report on Friday, February 14th. Jefferies Financial Group dropped their target price on shares of Restaurant Brands International from $73.00 to $67.00 and set an “equal weight” rating for the company in a report on Thursday, January 30th. Finally, Loop Capital reiterated a “buy” rating on shares of Restaurant Brands International in a research note on Tuesday. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, Restaurant Brands International presently has a consensus rating of “Hold” and a consensus target price of $77.33.

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.