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

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

Restaurant Brands International has increased its dividend by an average of 1.9% annually over the last three years. Restaurant Brands International has a dividend payout ratio of 59.8% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Down 0.0 %

NYSE QSR opened at $69.26 on Thursday. Restaurant Brands International has a twelve month low of $61.77 and a twelve month high of $83.29. The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.71 and a current ratio of 0.78. The stock has a market cap of $21.94 billion, a PE ratio of 17.85, a PEG ratio of 2.08 and a beta of 0.93. The firm has a 50-day simple moving average of $70.29 and a 200 day simple moving average of $72.09.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings data on Thursday, August 8th. The restaurant operator reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $2.05 billion. On average, research analysts forecast that Restaurant Brands International will post 3.36 EPS for the current year.

Analyst Upgrades and Downgrades

QSR has been the topic of a number of recent research reports. Truist Financial decreased their price objective on Restaurant Brands International from $87.00 to $86.00 and set a “buy” rating on the stock in a report on Monday, August 19th. Piper Sandler dropped their target price on shares of 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. TD Cowen restated a “buy” rating and issued a $82.00 price target on shares of Restaurant Brands International in a research report on Thursday, September 12th. Wells Fargo & Company dropped 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 report on Friday, August 9th. Finally, Morgan Stanley decreased their price target on Restaurant Brands International from $86.00 to $83.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 16th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat, Restaurant Brands International presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.11.

Insider Buying and Selling

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

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.