Restaurant Brands International (TSE:QSR) Share Price Crosses Above 50-Day Moving Average - Time to Sell?

Key Points

• Restaurant Brands International's stock price surpassed its 50-day moving average of C$93.91, reaching a high of C$95.67 during trading.
• Scotiabank upgraded the company's rating to "hold" on June 18th, indicating a more positive outlook for the stock.
• The recent quarterly dividend paid was $0.62 per share, resulting in a 2.61% dividend yield for stockholders.

Restaurant Brands International Inc. (TSE:QSR - Get Free Report) NYSE: QSR's stock price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$93.91 and traded as high as C$95.67. Restaurant Brands International shares last traded at C$95.08, with a volume of 269,252 shares traded.

Analyst Upgrades and Downgrades

Separately, Scotiabank upgraded Restaurant Brands International to a "hold" rating in a research report on Wednesday, June 18th.

Restaurant Brands International Trading Down 0.2%

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 firm has a market capitalization of C$21.31 billion, a price-to-earnings ratio of 18.83, a PEG ratio of 2.22 and a beta of 0.95. The business has a 50 day moving average of C$93.82 and a 200 day moving average of C$92.72.

Restaurant Brands International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 8th. Shareholders of record on Tuesday, July 8th were paid a $0.62 dividend. The ex-dividend date was Tuesday, June 24th. This represents a $2.48 annualized dividend and a yield of 2.6%. Restaurant Brands International's dividend payout ratio is currently 62.98%.

Insider Activity

In related news, Senior Officer Jacqueline Friesner sold 70,000 shares of the stock in a transaction that occurred on 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. Also, Director Michele Keusch sold 2,500 shares of the stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of C$98.93, for a total value of C$247,330.50. Over the last quarter, insiders have sold 75,615 shares of company stock valued at $7,325,533. 1.24% of the stock is owned by insiders.

Restaurant Brands International Company Profile

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.