Restaurant Brands International (TSE:QSR) Downgraded by Argus to "Hold"

Key Points

• Argus downgrades Restaurant Brands International from a "strong-buy" to a "hold" rating, signaling a shift in analyst sentiment towards the stock.
• Scotiabank also upgraded the stock to a "hold" rating, indicating mixed reviews from different financial institutions regarding the company's performance.
• Insider selling activity has increased, with key executives selling over 75,000 shares in recent transactions, suggesting cautious sentiment among company leadership.

Argus cut shares of Restaurant Brands International (TSE:QSR - Free Report) NYSE: QSR from a strong-buy rating to a hold rating in a report published on Friday morning,Zacks.com reports.

Separately, Scotiabank raised shares of Restaurant Brands International to a "hold" rating in a research note on Wednesday, June 18th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy".

Restaurant Brands International Stock Down 0.2%

Shares of QSR traded down C$0.19 during mid-day trading on Friday, hitting C$88.25. 140,881 shares of the company's stock were exchanged, compared to its average volume of 894,984. The company has a market cap of C$20.04 billion, a PE ratio of 17.70, a P/E/G ratio of 2.22 and a beta of 0.95. Restaurant Brands International has a 52 week low of C$83.32 and a 52 week high of C$102.37. The company has a 50-day simple moving average of C$92.18 and a 200 day simple moving average of C$92.90. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 8th. Investors of record on Tuesday, July 8th were paid a $0.62 dividend. The ex-dividend date of this dividend was Tuesday, June 24th. This represents a $2.48 annualized dividend and a dividend yield of 2.8%. Restaurant Brands International's dividend payout ratio (DPR) is currently 62.98%.

Insider Activity at Restaurant Brands International

In related news, Senior Officer Jacqueline Friesner sold 70,000 shares of the firm's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of C$96.71, for a total value of C$6,769,728.00. Also, Director Vicente Tome sold 3,115 shares of the firm's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of C$99.03, for a total transaction of C$308,474.71. Over the last three months, insiders sold 75,615 shares of company stock valued at $7,325,533. 1.24% of the stock is 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.