Restaurant Brands International Inc. Plans Quarterly Dividend of $0.58 (NYSE:QSR)

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) declared a quarterly dividend on Tuesday, April 30th, Zacks reports. Stockholders 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 annualized dividend and a dividend yield of 3.17%. The ex-dividend date is Friday, June 21st.

Restaurant Brands International has raised its dividend payment by an average of 1.9% per year over the last three years and has raised its dividend annually for the last 8 consecutive years. Restaurant Brands International has a dividend payout ratio of 56.6% indicating that its dividend is sufficiently covered by earnings. Equities research 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

QSR stock opened at $73.21 on Thursday. Restaurant Brands International has a 12 month low of $61.77 and a 12 month high of $83.29. 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 stock has a market cap of $23.16 billion, a PE ratio of 19.42, a P/E/G ratio of 2.19 and a beta of 0.91. The company has a 50-day moving average price of $76.59 and a 200 day moving average price of $74.51.

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

Insider Buying and Selling

In related news, CFO Matthew Dunnigan sold 46,701 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $75.55, for a total transaction of $3,528,260.55. Following the completion of the transaction, the chief financial officer now owns 128,154 shares in the company, valued at $9,682,034.70. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CFO Matthew Dunnigan sold 46,701 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $75.55, for a total transaction of $3,528,260.55. Following the sale, the chief financial officer now owns 128,154 shares of the company’s stock, valued at approximately $9,682,034.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Joshua Kobza sold 161,353 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $75.57, for a total transaction of $12,193,446.21. Following the sale, the chief executive officer now owns 578,125 shares of the company’s stock, valued at approximately $43,688,906.25. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 380,200 shares of company stock worth $28,828,182. Company insiders own 1.25% of the company’s stock.

Analyst Upgrades and Downgrades

QSR has been the topic of several recent research reports. BMO Capital Markets increased their target price on shares of Restaurant Brands International from $85.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, February 14th. Royal Bank of Canada cut their price objective on shares of Restaurant Brands International from $91.00 to $90.00 and set an “outperform” rating on the stock in a report on Wednesday, February 14th. Evercore ISI increased their target price on Restaurant Brands International from $88.00 to $93.00 and gave the company an “outperform” rating in a research report on Wednesday, February 28th. Piper Sandler cut their price target on Restaurant Brands International from $84.00 to $82.00 and set a “neutral” rating on the stock in a report on Wednesday. Finally, Guggenheim upped their price objective on Restaurant Brands International from $70.00 to $74.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $83.39.

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.