Restaurant Brands International Inc. (QSR) to Issue Quarterly Dividend of $0.58 on July 5th

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) announced a quarterly dividend on Tuesday, April 30th, Zacks reports. Investors of record on Friday, June 21st will be given a dividend of 0.58 per share by the restaurant operator on Friday, July 5th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date of this dividend is Friday, June 21st.

Restaurant Brands International has increased its dividend by an average of 1.9% annually over the last three years and has raised its dividend annually for the last 8 consecutive years. Restaurant Brands International has a payout ratio of 56.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Restaurant Brands International to earn $3.87 per share next year, which means the company should continue to be able to cover its $2.20 annual dividend with an expected future payout ratio of 56.8%.

Restaurant Brands International Price Performance

Shares of NYSE QSR opened at $73.21 on Thursday. The company has a current ratio of 1.01, a quick ratio of 0.94 and a debt-to-equity ratio of 2.78. The company’s 50-day moving average price is $76.59 and its 200 day moving average price is $74.51. Restaurant Brands International has a 52 week low of $61.77 and a 52 week high of $83.29. The stock has a market cap of $23.16 billion, a price-to-earnings ratio of 19.42, a PEG ratio of 2.19 and a beta of 0.91.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its quarterly earnings data on Tuesday, April 30th. The restaurant operator reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. The business had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.70 billion. Restaurant Brands International had a net margin of 16.95% and a return on equity of 32.20%. The company’s revenue was up 9.4% on a year-over-year basis. During the same period last year, the company posted $0.75 EPS. As a group, research analysts forecast that Restaurant Brands International will post 3.38 earnings per share for the current fiscal year.

Analyst Ratings Changes

QSR has been the topic of several recent research reports. Robert W. Baird upped their price objective on Restaurant Brands International from $76.00 to $82.00 and gave the company a “neutral” rating in a research report on Wednesday. CIBC lowered their price target on shares of Restaurant Brands International from $88.00 to $87.00 and set an “outperform” rating for the company in a report on Wednesday, January 17th. Truist Financial raised their target price on shares of Restaurant Brands International from $87.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday. TD Cowen reaffirmed a “buy” rating and set a $84.00 price objective on shares of Restaurant Brands International in a research note on Tuesday. Finally, Guggenheim raised their target price on shares of Restaurant Brands International from $70.00 to $74.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 14th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Restaurant Brands International presently has an average rating of “Moderate Buy” and a consensus price target of $83.39.

Insider Activity

In related news, insider David Chan Shear sold 17,556 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total transaction of $1,338,820.56. Following the completion of the sale, the insider now directly owns 210,535 shares in the company, valued at $16,055,399.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Jill Granat sold 80,332 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $76.20, for a total transaction of $6,121,298.40. Following the transaction, the insider now owns 410,759 shares in the company, valued at approximately $31,299,835.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David Chan Shear sold 17,556 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $76.26, for a total value of $1,338,820.56. Following the completion of the sale, the insider now directly owns 210,535 shares of the company’s stock, valued at approximately $16,055,399.10. The disclosure for this sale can be found here. Insiders sold 380,200 shares of company stock worth $28,828,182 over the last three months. Corporate insiders own 1.25% of the company’s stock.

Restaurant Brands International Company Profile

Restaurant Brands International Inc operates as a quick-service restaurant company in Canada, the United States, and internationally. It operates through four segments: Tim Hortons (TH), Burger King (BK), Popeyes Louisiana Kitchen (PLK), and Firehouse Subs (FHS). The company owns and franchises TH chain of donut/coffee/tea restaurants that offer blend coffee, tea, and espresso-based hot and cold specialty drinks; and fresh baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, and other food products.