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

Restaurant Brands International Inc. (NYSE:QSR - Get Free Report) 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 dividend yield of 3.17%. The ex-dividend date is Friday, June 21st.

Restaurant Brands International has increased its dividend by an average of 1.9% annually over the last three years and has raised 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. 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 Stock Down 3.5 %

QSR stock traded down $2.64 during trading on Wednesday, reaching $73.21. 2,288,427 shares of the company traded hands, compared to its average volume of 1,492,329. The company has a market capitalization of $23.16 billion, a price-to-earnings ratio of 19.42, a price-to-earnings-growth ratio of 2.19 and a beta of 0.91. Restaurant Brands International has a 12 month low of $61.77 and a 12 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 business has a 50 day simple moving average of $76.59 and a 200 day simple moving average of $74.51.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last released its earnings results on Tuesday, April 30th. The restaurant operator reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.01. The company 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%. Restaurant Brands International's revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.75 EPS. On average, equities research analysts anticipate that Restaurant Brands International will post 3.38 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Guggenheim increased their price target on shares of Restaurant Brands International from $70.00 to $74.00 and gave the stock a "neutral" rating in a report on Wednesday, February 14th. Truist Financial raised their target price on Restaurant Brands International from $87.00 to $90.00 and gave the company a "buy" rating in a research report on Wednesday. BMO Capital Markets increased their price objective on shares of Restaurant Brands International from $85.00 to $90.00 and gave the company an "outperform" rating in a report on Wednesday, February 14th. Evercore ISI upped their price objective on shares of Restaurant Brands International from $88.00 to $93.00 and gave the company an "outperform" rating in a report on Wednesday, February 28th. Finally, Barclays increased their price objective on Restaurant Brands International from $87.00 to $89.00 and gave the stock an "overweight" rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $83.39.

Insider Transactions at Restaurant Brands International

In other news, CFO Matthew Dunnigan sold 46,701 shares of Restaurant Brands International stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $75.55, for a total transaction of $3,528,260.55. Following the completion of the sale, the chief financial officer now owns 128,154 shares in the company, valued at approximately $9,682,034.70. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CFO Matthew Dunnigan sold 46,701 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $75.55, for a total value of $3,528,260.55. Following the transaction, the chief financial officer now owns 128,154 shares of the company's stock, valued at approximately $9,682,034.70. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Joshua Kobza sold 161,353 shares of the firm's stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $75.57, for a total value of $12,193,446.21. Following the completion of the transaction, the chief executive officer now owns 578,125 shares in the company, valued at $43,688,906.25. The disclosure for this sale can be found here. Insiders sold a total of 380,200 shares of company stock worth $28,828,182 over the last 90 days. 1.25% of the stock is owned by insiders.

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.