Restaurant Brands International Inc. (NYSE:QSR – Get Free Report) (TSE:QSR) announced a quarterly dividend on Thursday, February 13th,Wall Street Journal reports. Shareholders 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 annualized dividend and a yield of 3.74%. The ex-dividend date is Friday, March 21st. This is a positive change 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 57.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Restaurant Brands International to earn $3.68 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 63.0%.
Restaurant Brands International Price Performance
Shares of QSR stock traded up $0.55 during mid-day trading on Thursday, hitting $66.38. 2,724,459 shares of the stock were exchanged, compared to its average volume of 2,287,862. The firm has a fifty day moving average of $64.40 and a 200 day moving average of $68.08. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 2.75. Restaurant Brands International has a 52-week low of $59.67 and a 52-week high of $83.29. The company has a market cap of $21.54 billion, a PE ratio of 16.64, a price-to-earnings-growth ratio of 2.17 and a beta of 0.93.
Analyst Ratings Changes
A number of brokerages recently weighed in on QSR. Citigroup raised their price target on shares of Restaurant Brands International from $65.00 to $67.00 and gave the company a “neutral” rating in a research note on Thursday. Barclays cut their price target on shares of Restaurant Brands International from $83.00 to $80.00 and set an “overweight” rating for the company in a report on Thursday. Stifel Nicolaus dropped their target price on shares of Restaurant Brands International from $72.00 to $68.00 and set a “hold” rating for the company in a report on Friday, January 10th. Royal Bank of Canada dropped their target price on shares of Restaurant Brands International from $95.00 to $90.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Finally, Morgan Stanley decreased their price target on shares of Restaurant Brands International from $81.00 to $73.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, Restaurant Brands International has a consensus rating of “Moderate Buy” and a consensus target price of $78.67.
View Our Latest Report on Restaurant Brands International
Insider Activity at Restaurant Brands International
In other Restaurant Brands International news, insider Jill Granat sold 10,613 shares of Restaurant Brands International stock in a transaction on Monday, December 9th. The shares were sold at an average price of $70.41, for a total value of $747,261.33. Following the transaction, the insider now directly owns 388,759 shares in the company, valued at approximately $27,372,521.19. The trade was a 2.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Thiago T. Santelmo sold 3,511 shares of Restaurant Brands International stock in a transaction on Monday, January 6th. The shares were 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 owns 32,937 shares in the company, valued at approximately $2,114,555.40. This represents a 9.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 113,510 shares of company stock valued at $7,774,020 over the last ninety days. Insiders own 1.36% of the company’s stock.
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.
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