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

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) announced a quarterly dividend on Tuesday, November 5th, Zacks reports. Stockholders 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 dividend yield of 3.44%. The ex-dividend date of this dividend is Friday, December 20th.

Restaurant Brands International has raised its dividend payment by an average of 1.9% per year over the last three years. Restaurant Brands International has a 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 Stock Down 1.0 %

Shares of NYSE:QSR traded down $0.68 during trading on Wednesday, hitting $67.52. The company’s stock had a trading volume of 468,382 shares, compared to its average volume of 1,577,105. The company has a market capitalization of $21.86 billion, a PE ratio of 16.81, a PEG ratio of 2.09 and a beta of 0.94. Restaurant Brands International has a fifty-two week low of $65.87 and a fifty-two week 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’s 50-day moving average price is $70.24 and its two-hundred day moving average price is $70.55.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its 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%. As a group, sell-side analysts expect that Restaurant Brands International will post 3.37 EPS for the current year.

Insiders Place Their Bets

In other news, insider Axel Mr Schwan sold 36,000 shares of the firm’s 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 approximately $6,866,420.76. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Restaurant Brands International 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 transaction of $448,565.68. Following the completion of the transaction, the insider now directly 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 can be accessed through this hyperlink. Also, insider Axel Mr Schwan sold 36,000 shares of the business’s stock in a transaction on 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 completion of the sale, the insider now directly owns 97,479 shares in the company, valued at $6,866,420.76. This 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.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. KeyCorp dropped their target price on shares of Restaurant Brands International from $80.00 to $78.00 and set an “overweight” rating for the company in a research report on Wednesday. Morgan Stanley lowered their price objective on Restaurant Brands International from $86.00 to $83.00 and set an “equal weight” rating for the company in a report on Tuesday, July 16th. Piper Sandler reduced their target price on Restaurant Brands International from $82.00 to $75.00 and set a “neutral” rating on the stock in a report on Monday, August 12th. JPMorgan Chase & Co. lifted their target price on Restaurant Brands International from $80.00 to $84.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Finally, Guggenheim upped their price target on Restaurant Brands International from $73.00 to $74.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $82.88.

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.