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

Key Points

• Restaurant Brands International's stock has recently fallen below its 50-day moving average, trading at C$87.02 while the average is C$91.93.
• The company has a market cap of C$19.76 billion and a price-to-earnings ratio of 17.45, indicating its valuation in the market.
• After a recent analysis, Argus downgraded the stock from a "strong-buy" rating to a "hold," while the overall average rating is a "Moderate Buy."

Restaurant Brands International Inc. (TSE:QSR - Get Free Report) NYSE: QSR shares passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$91.93 and traded as low as C$86.87. Restaurant Brands International shares last traded at C$87.02, with a volume of 1,240,783 shares.

Analyst Ratings Changes

QSR has been the topic of several analyst reports. Scotiabank upgraded shares of Restaurant Brands International to a "hold" rating in a research note on Wednesday, June 18th. Argus lowered shares of Restaurant Brands International from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 15th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Restaurant Brands International presently has an average rating of "Moderate Buy".

Restaurant Brands International Trading Up 0.3%

The company has a current ratio of 1.02, a quick ratio of 0.80 and a debt-to-equity ratio of 494.65. The business's fifty day simple moving average is C$91.70 and its two-hundred day simple moving average is C$92.74. The stock has a market capitalization of C$19.75 billion, a P/E ratio of 17.44, a P/E/G ratio of 2.22 and a beta of 0.95.

Restaurant Brands International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 8th. Stockholders of record on Tuesday, July 8th were issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Tuesday, June 24th. Restaurant Brands International's dividend payout ratio (DPR) is presently 62.98%.

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.