Restaurant Brands International (TSE:QSR) Stock Passes Above Fifty Day Moving Average - Time to Sell?

Key Points

• Restaurant Brands International's stock price recently crossed above its fifty-day moving average of C$93.39, trading at C$89.46 with significant volume.
• In a recent report, Scotiabank upgraded the stock's rating to "hold," indicating a more stable outlook for investors.
• The company declared a quarterly dividend of $0.62, reflecting a 2.8% yield, with a payout ratio of 62.98%.

Restaurant Brands International Inc. (TSE:QSR - Get Free Report) NYSE: QSR's share price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$93.39 and traded as high as C$93.50. Restaurant Brands International shares last traded at C$89.46, with a volume of 1,220,637 shares.

Wall Street Analysts Forecast Growth

Separately, Scotiabank raised Restaurant Brands International to a "hold" rating in a report on Wednesday, June 18th.

Restaurant Brands International Trading Down 5.2%

The company has a market cap of C$20.31 billion, a price-to-earnings ratio of 17.94, a price-to-earnings-growth ratio of 2.22 and a beta of 0.95. The company's fifty day moving average price is C$93.39 and its two-hundred day moving average price is C$92.83. The company has a quick ratio of 0.80, a current ratio of 1.02 and a debt-to-equity ratio of 494.65.

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 given a $0.62 dividend. The ex-dividend date was Tuesday, June 24th. This represents a $2.48 annualized dividend and a yield of 2.8%. Restaurant Brands International's payout ratio is presently 62.98%.

Insiders Place Their Bets

In other news, Director Vicente Tome sold 3,115 shares of the stock in a transaction 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. Also, Director Michele Keusch sold 2,500 shares of the firm's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of C$98.93, for a total value of C$247,330.50. Over the last quarter, insiders have sold 75,615 shares of company stock valued at $7,325,533. 1.24% of the stock is currently owned by corporate insiders.

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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