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

Key Points

• Restaurant Brands International shares fell below their 50-day moving average, trading at C$86.16, while analysts suggest a mixed sentiment with a consensus rating of "Moderate Buy."
• The company recently declared a quarterly dividend of $0.62 per share, resulting in an annualized dividend yield of 2.9%.
• With a market cap of C$28.23 billion, Restaurant Brands operates over 28,000 restaurants worldwide, generating revenue from retail sales, franchise fees, and supply chain operations.

Restaurant Brands International Inc. (TSE:QSR - Get Free Report) NYSE: QSR passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$91.48 and traded as low as C$85.90. Restaurant Brands International shares last traded at C$86.16, with a volume of 528,946 shares traded.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on QSR shares. Argus cut shares of Restaurant Brands International from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 15th. Scotiabank upgraded Restaurant Brands International to a "hold" rating in a research report on Wednesday, June 18th. One analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Restaurant Brands International currently has an average rating of "Moderate Buy".

Restaurant Brands International Trading Down 2.9%

The stock has a 50-day moving average price of C$91.31 and a 200-day moving average price of C$92.51. 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 cap of C$27.80 billion, a P/E ratio of 32.13, a P/E/G ratio of 2.22 and a beta of 0.42.

Restaurant Brands International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 8th. Stockholders of record on Tuesday, July 8th were paid a dividend of $0.62 per share. The ex-dividend date of this dividend was Tuesday, June 24th. This represents a $2.48 annualized dividend and a dividend yield of 2.9%. Restaurant Brands International's payout ratio is 90.91%.

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.