Restaurant Brands International (TSE:QSR) Stock Price Passes Above 50-Day Moving Average - Here's Why

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.

Shares of Restaurant Brands International Inc. (TSE:QSR - Get Free Report) NYSE: QSR crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 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 trading hands.

Analyst Upgrades and Downgrades

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

Restaurant Brands International Stock Performance

The business has a 50 day simple moving average of C$93.82 and a 200 day simple moving average of C$92.76. The company has a quick ratio of 0.80, a current ratio of 1.02 and a debt-to-equity ratio of 494.65. The company has a market capitalization of C$21.31 billion, a PE ratio of 18.83, a PEG ratio of 2.22 and a beta of 0.95.

Restaurant Brands International Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 2.6%. Restaurant Brands International's dividend payout ratio (DPR) is 62.98%.

Insider Buying and Selling at Restaurant Brands International

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