Restaurant Brands International (TSE:QSR) Upgraded by Scotiabank to Hold Rating

Scotiabank upgraded shares of Restaurant Brands International (TSE:QSR - Free Report) NYSE: QSR to a hold rating in a report issued on Wednesday,Zacks.com reports.

Separately, Argus raised shares of Restaurant Brands International from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 19th.

Restaurant Brands International Trading Up 0.9%

Restaurant Brands International stock traded up C$0.80 during mid-day trading on Wednesday, hitting C$90.80. The company's stock had a trading volume of 1,820,790 shares, compared to its average volume of 918,883. The company has a debt-to-equity ratio of 494.65, a current ratio of 1.02 and a quick ratio of 0.80. The stock has a market cap of C$20.62 billion, a price-to-earnings ratio of 18.21, a price-to-earnings-growth ratio of 2.22 and a beta of 0.95. The business has a 50 day moving average price of C$93.11 and a 200-day moving average price of C$92.93. Restaurant Brands International has a 12 month low of C$83.32 and a 12 month high of C$102.78.

Restaurant Brands International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Tuesday, July 8th will be paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 2.73%. The ex-dividend date is Tuesday, June 24th. Restaurant Brands International's dividend payout ratio (DPR) is 62.98%.

Insider Activity

In other news, Director Michele Keusch sold 2,500 shares of the company's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of C$98.93, for a total transaction of C$247,330.50. Also, Senior Officer Jacqueline Friesner sold 70,000 shares of the stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of C$96.71, for a total transaction of C$6,769,728.00. Over the last ninety days, insiders sold 75,615 shares of company stock valued at $7,325,533. Insiders own 1.24% of the company's stock.

About Restaurant Brands International

Restaurant Brands International is one of the largest restaurant companies in the world, with more than $35 billion in 2021 systemwide sales across a footprint that spans more than 28,000 restaurants and 100 countries. The firm generates revenue primarily from retail sales at its company-owned restaurants, royalty fees and lease income from franchised stores, and from its Tim Horton's supply chain operations.