Restaurant Brands International Inc. (NYSE:QSR) to Issue Quarterly Dividend of $0.62

Key Points

• Restaurant Brands International Inc. declared a quarterly dividend of $0.62 per share, with an annualized yield of 3.8%, to be paid to shareholders on October 7th.
• The company reported earnings of $0.94 per share, missing analysts' estimates of $0.97, while experiencing a 15.9% increase in revenue year-over-year.
• Institutional investors own 82.29% of Restaurant Brands International, with significant recent increases in holdings by firms like Geode Capital Management and Franklin Resources.

Restaurant Brands International Inc. (NYSE:QSR - Get Free Report) TSE: QSR declared a quarterly dividend on Thursday, August 7th, RTT News reports. Shareholders of record on Tuesday, September 23rd will be given a dividend of 0.62 per share by the restaurant operator on Tuesday, October 7th. This represents a c) dividend on an annualized basis and a yield of 3.8%.

Restaurant Brands International has a payout ratio of 61.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Restaurant Brands International to earn $4.01 per share next year, which means the company should continue to be able to cover its $2.48 annual dividend with an expected future payout ratio of 61.8%.

Restaurant Brands International Trading Down 5.2%

Shares of Restaurant Brands International stock opened at $65.00 on Thursday. The company has a 50-day simple moving average of $68.40 and a 200 day simple moving average of $66.38. The company has a quick ratio of 0.90, a current ratio of 0.96 and a debt-to-equity ratio of 2.84. The stock has a market capitalization of $21.31 billion, a P/E ratio of 21.98, a price-to-earnings-growth ratio of 2.12 and a beta of 0.58. Restaurant Brands International has a 12-month low of $58.71 and a 12-month high of $74.09.

Restaurant Brands International (NYSE:QSR - Get Free Report) TSE: QSR last released its earnings results on Thursday, August 7th. The restaurant operator reported $0.94 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.97 by ($0.03). Restaurant Brands International had a net margin of 10.82% and a return on equity of 28.94%. During the same period last year, the company posted $0.86 earnings per share. Restaurant Brands International's revenue was up 15.9% on a year-over-year basis. Research analysts expect that Restaurant Brands International will post 3.72 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Jacqueline Friesner sold 70,000 shares of the stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $70.08, for a total transaction of $4,905,600.00. Following the transaction, the insider directly owned 182,897 shares of the company's stock, valued at $12,817,421.76. This represents a 27.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.36% of the stock is owned by company insiders.

Institutional Trading of Restaurant Brands International

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Franklin Resources Inc. increased its holdings in Restaurant Brands International by 3.0% in the 4th quarter. Franklin Resources Inc. now owns 90,339 shares of the restaurant operator's stock valued at $5,881,000 after purchasing an additional 2,645 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Restaurant Brands International by 33.9% in the fourth quarter. Geode Capital Management LLC now owns 1,847,805 shares of the restaurant operator's stock valued at $123,137,000 after buying an additional 467,958 shares during the last quarter. Trexquant Investment LP acquired a new position in shares of Restaurant Brands International in the 4th quarter valued at about $1,115,000. Aviva PLC lifted its position in shares of Restaurant Brands International by 621.0% during the fourth quarter. Aviva PLC now owns 85,212 shares of the restaurant operator's stock worth $5,543,000 after purchasing an additional 73,393 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in shares of Restaurant Brands International by 1.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 503,673 shares of the restaurant operator's stock worth $32,829,000 after acquiring an additional 7,197 shares in the last quarter. Institutional investors own 82.29% of the company's stock.

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.

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