Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) announced a quarterly dividend on Wednesday, October 28th, Wall Street Journal reports. Stockholders of record on Monday, December 21st will be given a dividend of 0.52 per share by the restaurant operator on Tuesday, January 5th. This represents a $2.08 annualized dividend and a dividend yield of 3.95%. The ex-dividend date of this dividend is Friday, December 18th.
Restaurant Brands International has raised its dividend by 222.6% over the last three years and has raised its dividend every year for the last 5 years.
Restaurant Brands International stock opened at $52.70 on Thursday. The company has a current ratio of 1.73, a quick ratio of 1.66 and a debt-to-equity ratio of 3.27. The stock has a 50 day moving average of $56.90 and a two-hundred day moving average of $54.21. Restaurant Brands International has a twelve month low of $25.08 and a twelve month high of $68.40. The stock has a market capitalization of $16.01 billion, a price-to-earnings ratio of 24.86, a PEG ratio of 4.29 and a beta of 1.20.
Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings data on Saturday, October 31st. The restaurant operator reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.05. The company had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Restaurant Brands International had a net margin of 11.82% and a return on equity of 26.85%. Restaurant Brands International’s revenue was down 8.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.75 EPS. Equities analysts predict that Restaurant Brands International will post 2.11 earnings per share for the current year.
QSR has been the topic of several recent analyst reports. Robert W. Baird lowered their target price on shares of Restaurant Brands International from $69.00 to $60.00 and set an “outperform” rating on the stock in a research report on Wednesday. Credit Suisse Group lifted their price target on shares of Restaurant Brands International from $59.00 to $63.00 and gave the stock an “outperform” rating in a report on Wednesday. KeyCorp dropped their target price on Restaurant Brands International from $60.00 to $58.00 and set an “overweight” rating for the company in a research note on Wednesday. Deutsche Bank Aktiengesellschaft raised their target price on shares of Restaurant Brands International from $57.00 to $75.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. They noted that the move was a valuation call. Finally, Morgan Stanley lowered their target price on shares of Restaurant Brands International from $68.00 to $66.00 and set an “overweight” rating for the company in a report on Wednesday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $61.58.
In other news, insider Felipe A. Athayde sold 158,000 shares of the business’s stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $56.20, for a total transaction of $8,879,600.00. Following the sale, the insider now owns 24,667 shares in the company, valued at $1,386,285.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Fernando Machado sold 1,200 shares of the company’s stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $58.03, for a total transaction of $69,636.00. Following the completion of the sale, the chief marketing officer now owns 14,274 shares of the company’s stock, valued at approximately $828,320.22. The disclosure for this sale can be found here. Insiders have sold 204,298 shares of company stock valued at $11,477,029 over the last ninety days. Insiders own 3.69% of the company’s stock.
Restaurant Brands International Company Profile
Restaurant Brands International Inc owns, operates, and franchises quick service restaurants under the Tim Hortons (TH), Burger King (BK), and Popeyes (PLK) brand names. The company operates through three segments: TH, BK, and PLK. Its restaurants offer blend coffee, tea, espresso-based hot and cold specialty drinks, donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, hamburgers, chicken and other specialty sandwiches, french fries, soft drinks, chicken, chicken tenders, fried shrimp and other seafood, red beans and rice, and other food items.
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