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

Restaurant Brands International Inc. (TSE:QSR - Get Free Report) NYSE: QSR's share price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$94.13 and traded as low as C$91.52. Restaurant Brands International shares last traded at C$92.15, with a volume of 568,739 shares trading hands.

Analysts Set New Price Targets

QSR has been the subject of several research reports. Argus upgraded Restaurant Brands International from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 19th. Scotiabank upgraded Restaurant Brands International to a "hold" rating in a research report on Wednesday, June 18th.

Restaurant Brands International Trading Down 0.5%

The stock has a market capitalization of C$20.92 billion, a PE ratio of 18.48, a P/E/G ratio of 2.22 and a beta of 0.95. The company's 50 day moving average price is C$94.13 and its two-hundred day moving average price is C$92.39. The company has a debt-to-equity ratio of 494.65, a current ratio of 1.02 and a quick ratio of 0.80.

Restaurant Brands International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 8th. Shareholders of record on Tuesday, July 8th were issued 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 2.69%. Restaurant Brands International's payout ratio is 62.98%.

Insider Transactions 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 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 firm's stock in a transaction 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. Insiders have sold a total of 75,615 shares of company stock worth $7,325,533 in the last ninety days. Insiders own 1.24% of the company's stock.

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.

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