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

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) announced a quarterly dividend on Tuesday, April 30th, Zacks reports. Investors of record on Friday, June 21st will be given a dividend of 0.58 per share by the restaurant operator on Friday, July 5th. This represents a $2.32 annualized dividend and a yield of 3.19%. The ex-dividend date is Thursday, June 20th.

Restaurant Brands International has raised its dividend by an average of 1.9% annually over the last three years and has increased its dividend every year for the last 8 years. Restaurant Brands International has a payout ratio of 56.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Restaurant Brands International to earn $3.87 per share next year, which means the company should continue to be able to cover its $2.20 annual dividend with an expected future payout ratio of 56.8%.

Restaurant Brands International Trading Down 4.2 %

Shares of NYSE QSR traded down $3.22 during midday trading on Wednesday, reaching $72.63. The stock had a trading volume of 636,164 shares, compared to its average volume of 1,470,342. The firm has a market cap of $22.98 billion, a price-to-earnings ratio of 19.38, a price-to-earnings-growth ratio of 2.19 and a beta of 0.91. 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 2.78, a quick ratio of 0.94 and a current ratio of 1.01. The company’s 50 day moving average price is $76.64 and its 200 day moving average price is $74.52.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings results on Tuesday, April 30th. The restaurant operator reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. The firm had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.70 billion. Restaurant Brands International had a net margin of 16.95% and a return on equity of 32.20%. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.75 EPS. As a group, sell-side analysts expect that Restaurant Brands International will post 3.38 EPS for the current year.

Insider Buying and Selling

In related news, insider David Chan Shear sold 17,556 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $76.26, for a total value of $1,338,820.56. Following the completion of the sale, the insider now owns 210,535 shares of the company’s stock, valued at $16,055,399.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Restaurant Brands International news, CFO Matthew Dunnigan sold 14,565 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $76.26, for a total transaction of $1,110,726.90. Following the completion of the transaction, the chief financial officer now owns 55,863 shares of the company’s stock, valued at $4,260,112.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider David Chan Shear sold 17,556 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total value of $1,338,820.56. Following the transaction, the insider now directly owns 210,535 shares of the company’s stock, valued at approximately $16,055,399.10. The disclosure for this sale can be found here. Insiders sold 380,200 shares of company stock valued at $28,828,182 over the last quarter. 1.25% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

QSR has been the subject of several research analyst reports. Piper Sandler lowered their price objective on shares of Restaurant Brands International from $84.00 to $82.00 and set a “neutral” rating for the company in a research note on Wednesday. Royal Bank of Canada decreased their price target on shares of Restaurant Brands International from $91.00 to $90.00 and set an “outperform” rating for the company in a research note on Wednesday, February 14th. Stifel Nicolaus boosted their price target on shares of Restaurant Brands International from $72.00 to $80.00 and gave the company a “hold” rating in a research note on Thursday, January 4th. Evercore ISI boosted their price target on shares of Restaurant Brands International from $88.00 to $93.00 and gave the company an “outperform” rating in a research note on Wednesday, February 28th. Finally, TD Cowen restated a “buy” rating and set a $84.00 price target on shares of Restaurant Brands International in a research note on Tuesday. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $82.29.

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.