Restaurant Brands International Inc. (NYSE:QSR) Stock to Pay Quarterly Dividend of $0.65

Restaurant Brands International Inc. (NYSE:QSR – Get Free Report) (TSE:QSR) announced a quarterly dividend on Thursday, October 29th. Stockholders of record on Tuesday, December 22nd will be given a dividend of $0.65 per share by the restaurant operator on Tuesday, January 5th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Tuesday, December 22nd.

Restaurant Brands International has a dividend payout ratio of 64.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Restaurant Brands International to earn $4.42 per share next year, which means the company should continue to be able to cover its $2.60 annual dividend with an expected future payout ratio of 58.8%.

Restaurant Brands International Trading Down 1.9%

QSR opened at $73.12 on Friday. The firm’s 50 day moving average is $74.77 and its 200-day moving average is $73.92. Restaurant Brands International has a 52-week low of $64.52 and a 52-week high of $81.96. The company has a quick ratio of 0.92, a current ratio of 1.01 and a debt-to-equity ratio of 2.49. The firm has a market capitalization of $25.50 billion, a P/E ratio of 19.66, a P/E/G ratio of 2.18 and a beta of 0.52.

Restaurant Brands International (NYSE:QSR – Get Free Report) (TSE:QSR) last announced its earnings results on Thursday, October 29th. The restaurant operator reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.02. The business had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.55 billion. Restaurant Brands International had a net margin of 13.12% and a return on equity of 33.43%. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.03 earnings per share. Analysts expect that Restaurant Brands International will post 4.03 EPS for the current fiscal year.

Insider Buying and Selling at Restaurant Brands International

In related news, insider Axel Schwan sold 57,574 shares of Restaurant Brands International stock in a transaction on Friday, September 4th. The shares were sold at an average price of $81.14, for a total value of $4,671,554.36. Following the completion of the sale, the insider owned 209,908 shares in the company, valued at approximately $17,031,935.12. The trade was a 21.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.22% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Allworth Financial LP raised its position in shares of Restaurant Brands International by 6.4% during the 2nd quarter. Allworth Financial LP now owns 2,260 shares of the restaurant operator’s stock worth $164,000 after purchasing an additional 136 shares during the period. Syon Capital LLC boosted its holdings in shares of Restaurant Brands International by 2.4% in the second quarter. Syon Capital LLC now owns 6,137 shares of the restaurant operator’s stock valued at $445,000 after acquiring an additional 146 shares in the last quarter. Private Advisor Group LLC increased its position in shares of Restaurant Brands International by 4.1% during the 1st quarter. Private Advisor Group LLC now owns 4,354 shares of the restaurant operator’s stock valued at $322,000 after purchasing an additional 170 shares during the period. Probity Advisors Inc. boosted its position in shares of Restaurant Brands International by 3.0% during the 3rd quarter. Probity Advisors Inc. now owns 6,658 shares of the restaurant operator’s stock valued at $473,000 after purchasing an additional 195 shares in the last quarter. Finally, Versant Capital Management Inc raised its holdings in shares of Restaurant Brands International by 6.3% in the 2nd quarter. Versant Capital Management Inc now owns 3,478 shares of the restaurant operator’s stock worth $252,000 after purchasing an additional 207 shares in the last quarter. 82.29% of the stock is owned by institutional investors and hedge funds.

Restaurant Brands International Company Profile

(Get Free Report)

Restaurant Brands International Inc (NYSE:QSR) is a global quick-service restaurant company that owns and operates a portfolio of restaurant brands, primarily through franchised and licensed locations. Its brands include Tim Hortons, Burger King, Popeyes and Firehouse Subs, which serve coffee, baked goods, burgers, chicken, sandwiches and other prepared foods.

The company was formed in 2014 through the merger of Burger King Worldwide and Tim Hortons. RBI expanded its portfolio through the acquisition of Popeyes Louisiana Kitchen in 2017 and Firehouse Restaurant Group in 2021.

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Dividend History for Restaurant Brands International (NYSE:QSR)

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