Restaurant Brands International (TSE:QSR) Stock Crosses Above 50 Day Moving Average - Here's What Happened

Restaurant Brands International Inc. (TSE:QSR - Get Free Report) NYSE: QSR passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$92.59 and traded as high as C$92.95. Restaurant Brands International shares last traded at C$92.93, with a volume of 688,542 shares.

Wall Street Analysts Forecast Growth

QSR has been the topic of a number of research analyst reports. TD Cowen cut shares of Restaurant Brands International from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 14th. Argus upgraded 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 Down 1.7%

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$20.75 billion, a P/E ratio of 18.33, a price-to-earnings-growth ratio of 2.22 and a beta of 0.95. The business has a 50 day simple moving average of C$92.59 and a 200-day simple moving average of C$93.27.

Restaurant Brands International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 8th. Shareholders of record on Tuesday, July 8th will be issued a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 2.71%. The ex-dividend date of this dividend is Tuesday, June 24th. Restaurant Brands International's dividend payout ratio (DPR) is presently 62.98%.

Insider Buying and Selling

In other Restaurant Brands International news, Senior Officer Iv Curtis Thomas Benjamin sold 23,000 shares of the firm's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of C$97.78, for a total transaction of C$2,249,018.20. Also, 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 value of C$247,330.50. Insiders sold 98,615 shares of company stock worth $9,574,551 in the last quarter. Insiders own 1.24% of the company's stock.

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.