Restaurant Brands International (TSE:QSR) Shares Cross Below 50-Day Moving Average - Time to Sell?

Key Points

• Restaurant Brands International shares fell below their 50-day moving average, trading as low as C$100.20 versus the C$105.86 average, with approximately 1.88 million shares changing hands.
• Despite the technical weakness, analysts remain bullish: Seaport Research Partners upgraded the stock to “strong buy,” while the consensus rating is “Strong Buy.”
• The company declared a quarterly dividend of C$0.65 per share, equivalent to C$2.60 annually and a 2.6% yield; an insider also sold 2,258 shares, reducing their position by 14.55%.

Restaurant Brands International Inc. (TSE:QSR - Get Free Report) NYSE: QSR's share price passed below its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of C$105.86 and traded as low as C$100.20. Restaurant Brands International shares last traded at C$100.28, with a volume of 1,879,623 shares trading hands.

Analyst Ratings Changes

Separately, Seaport Research Partners upgraded Restaurant Brands International to a "strong-buy" rating in a report on Tuesday, September 15th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company's stock. Based on data from MarketBeat, Restaurant Brands International has a consensus rating of "Strong Buy" and a consensus target price of C$84.00.

Restaurant Brands International Stock Performance

The firm has a 50-day moving average price of C$105.86 and a 200 day moving average price of C$104.97. The firm has a market capitalization of C$34.83 billion, a PE ratio of 27.03, a price-to-earnings-growth ratio of 2.22 and a beta of 0.31. The company has a quick ratio of 0.80, a current ratio of 1.01 and a debt-to-equity ratio of 406.52.

Restaurant Brands International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, October 2nd will be issued a $0.65 dividend. The ex-dividend date is Friday, September 18th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 2.6%. Restaurant Brands International's payout ratio is 68.46%.

Insiders Place Their Bets

In other Restaurant Brands International news, Director Vicente Tome sold 2,258 shares of the stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of C$112.93, for a total transaction of C$254,995.94. Following the sale, the director directly owned 13,264 shares in the company, valued at C$1,497,903.52. This represents a 14.55% decrease in their position. 1.24% of the stock is currently owned by insiders.

About Restaurant Brands International

Restaurant Brands International Inc is one of the world's largest quick service restaurant companies with nearly $49 billion in annual system-wide sales and over 33,000 restaurants in more than 120 countries and territories. RBI owns four of the world's most prominent and iconic quick service restaurant brands - TIM HORTONS®, BURGER KING®, POPEYES®, and FIREHOUSE SUBS®. These independently operated brands have been serving their respective guests, franchisees and communities for decades. Through its Restaurant Brands for Good framework, RBI is improving sustainable outcomes related to its food, the planet, and people and communities.

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