Restaurant Brands International (TSE:QSR) Shares Cross Above Fifty Day Moving Average – What’s Next?

Restaurant Brands International Inc. (TSE:QSR) (NYSE:QSR)’s share price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$95.73 and traded as high as C$102.37. Restaurant Brands International shares last traded at C$101.70, with a volume of 439,258 shares changing hands.

Restaurant Brands International Stock Down 1.9 %

The firm’s 50-day simple moving average is C$95.79 and its 200-day simple moving average is C$96.68. The company has a debt-to-equity ratio of 322.48, a quick ratio of 0.80 and a current ratio of 0.78. The company has a market capitalization of C$31.74 billion, a price-to-earnings ratio of 17.88, a price-to-earnings-growth ratio of 2.22 and a beta of 0.95.

Restaurant Brands International (TSE:QSR) (NYSE:QSR) last posted its quarterly earnings results on Thursday, August 8th. The company reported C$1.18 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.17 by C$0.01. Restaurant Brands International had a net margin of 16.99% and a return on equity of 37.74%. The firm had revenue of C$2.85 billion for the quarter, compared to the consensus estimate of C$2.81 billion. Sell-side analysts forecast that Restaurant Brands International Inc. will post 7.3241225 earnings per share for the current year.

Restaurant Brands International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, October 4th were given a dividend of $0.801 per share. This represents a $3.20 annualized dividend and a dividend yield of 3.27%. The ex-dividend date of this dividend was Friday, September 20th. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.78. Restaurant Brands International’s dividend payout ratio (DPR) is 57.09%.

Insider Activity

In other news, Senior Officer Axel Schwan sold 36,000 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of C$70.47, for a total value of C$2,536,988.40. 1.24% 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.