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 3.43%. The ex-dividend date of this dividend is Friday, December 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 payout ratio of 59.9% indicating that its dividend is sufficiently covered by earnings. 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 0.8 %

NYSE:QSR traded down $0.52 during mid-day trading on Wednesday, hitting $67.68. 506,940 shares of the company’s stock traded hands, compared to its average volume of 1,577,284. The company has a fifty day moving average of $70.24 and a 200 day moving average of $70.55. The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.71 and a current ratio of 0.78. Restaurant Brands International has a twelve month low of $65.87 and a twelve month high of $83.29. The company has a market capitalization of $21.91 billion, a P/E ratio of 16.81, a P/E/G ratio of 2.09 and a beta of 0.94.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings data on Thursday, August 8th. The restaurant operator reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.01. The firm had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.05 billion. Restaurant Brands International had a net margin of 16.99% and a return on equity of 30.78%. On average, analysts forecast that Restaurant Brands International will post 3.37 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on QSR shares. Wells Fargo & Company dropped their price objective on shares of Restaurant Brands International from $80.00 to $77.00 and set an “overweight” rating on the stock in a report on Friday, August 9th. Piper Sandler dropped their price target on Restaurant Brands International from $82.00 to $75.00 and set a “neutral” rating on the stock in a research note on Monday, August 12th. Guggenheim raised their price objective on Restaurant Brands International from $73.00 to $74.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. Truist Financial dropped their target price on Restaurant Brands International from $87.00 to $86.00 and set a “buy” rating on the stock in a research report on Monday, August 19th. Finally, Oppenheimer reduced their price target on shares of Restaurant Brands International from $89.00 to $86.00 and set an “outperform” rating for the company in a research report on Tuesday, October 22nd. One investment 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’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $82.88.

Insider Buying and Selling

In other Restaurant Brands International news, insider Axel Mr Schwan sold 36,000 shares of the 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. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Restaurant Brands International news, insider Thomas Benjamin Curtis sold 6,536 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $68.63, for a total transaction of $448,565.68. Following the transaction, the insider now 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 ownership of the stock. 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 Restaurant Brands International stock in a transaction that occurred 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 transaction, the insider now directly owns 97,479 shares in the company, valued at approximately $6,866,420.76. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.36% of the stock is owned by 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.