Restaurant Brands International (TSE:QSR) Stock Passes Below Two Hundred Day Moving Average - Here's What Happened

Shares of Restaurant Brands International Inc. (TSE:QSR - Get Free Report) NYSE: QSR crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$92.50 and traded as low as C$92.41. Restaurant Brands International shares last traded at C$93.01, with a volume of 251,877 shares trading hands.

Analysts Set New Price Targets

A number of analysts recently commented on QSR shares. Scotiabank upgraded shares of Restaurant Brands International to a "hold" rating in a research report on Wednesday, June 18th. Argus raised Restaurant Brands International from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 19th.

Restaurant Brands International Stock Down 0.2%

The firm's fifty day simple moving average is C$93.71 and its 200 day simple moving average is C$92.50. The company has a debt-to-equity ratio of 494.65, a quick ratio of 0.80 and a current ratio of 1.02. The stock has a market capitalization of C$21.07 billion, a price-to-earnings ratio of 18.61, a P/E/G ratio of 2.22 and a beta of 0.95.

Restaurant Brands International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 8th. Shareholders of record on Tuesday, July 8th will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date of this dividend is Tuesday, June 24th. Restaurant Brands International's dividend payout ratio (DPR) is presently 62.98%.

Insider Activity at Restaurant Brands International

In other Restaurant Brands International news, Senior Officer Jacqueline Friesner sold 70,000 shares of the business's 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 value of C$6,769,728.00. Also, Director Vicente Tome sold 3,115 shares of the firm's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of C$99.03, for a total transaction of C$308,474.71. In 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.