Restaurant Brands International Inc (NYSE:qsr) (TSE:QSR) announced a quarterly dividend on Wednesday, April 26th. Investors of record on Monday, May 15th will be paid a dividend of 0.19 per share by the restaurant operator on Thursday, July 6th. This represents a $0.76 annualized dividend and a yield of 1.26%. The ex-dividend date is Thursday, May 11th. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.18.
Restaurant Brands International has a dividend payout ratio of 40.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Restaurant Brands International to earn $2.45 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 31.0%.
Shares of Restaurant Brands International (NYSE:QSR) traded up 2.05% during mid-day trading on Friday, reaching $60.34. The company had a trading volume of 886,375 shares. Restaurant Brands International has a 12-month low of $39.28 and a 12-month high of $60.66. The stock has a 50 day moving average price of $57.37 and a 200 day moving average price of $51.98. The firm has a market capitalization of $14.22 billion, a PE ratio of 41.82 and a beta of 1.75.
Restaurant Brands International (NYSE:QSR) last posted its quarterly earnings data on Wednesday, April 26th. The restaurant operator reported $0.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.01. The firm had revenue of $1 billion during the quarter, compared to analysts’ expectations of $989.16 million. Restaurant Brands International had a return on equity of 21.52% and a net margin of 13.22%. The business’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.30 EPS. On average, equities analysts forecast that Restaurant Brands International will post $1.85 earnings per share for the current year.
QSR has been the subject of a number of recent research reports. Zacks Investment Research lowered Restaurant Brands International from a “strong-buy” rating to a “hold” rating in a research note on Friday. Scotiabank reiterated an “outperform” rating and issued a $65.00 price objective on shares of Restaurant Brands International in a report on Tuesday, April 25th. Stephens reiterated an “overweight” rating and issued a $58.00 price objective on shares of Restaurant Brands International in a report on Wednesday, February 22nd. Royal Bank of Canada boosted their target price on Restaurant Brands International from $59.00 to $63.00 and gave the stock an “outperform” rating in a report on Wednesday, February 22nd. Finally, Cowen and Company upped their price objective on Restaurant Brands International from $52.00 to $54.00 and gave the company a “market perform” rating in a report on Friday, April 28th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $55.18.
In other Restaurant Brands International news, Director Damme Alexandre Van sold 141,105 shares of the stock in a transaction dated Thursday, March 9th. The shares were sold at an average price of $54.29, for a total value of $7,660,590.45. Following the completion of the transaction, the director now directly owns 160,587 shares of the company’s stock, valued at $8,718,268.23. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 4.20% of the company’s stock.
A hedge fund recently raised its stake in Restaurant Brands International stock. Geode Capital Management LLC boosted its position in Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) by 0.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,060 shares of the restaurant operator’s stock after buying an additional 67 shares during the period. Geode Capital Management LLC’s holdings in Restaurant Brands International were worth $449,000 at the end of the most recent reporting period. 72.78% of the stock is currently owned by institutional investors.
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About Restaurant Brands International
Restaurant Brands International Inc is a quick service restaurant (QSR) company. The Company had over 20,000 restaurants in more than 100 countries and the United States territories, as of December 31, 2016. It operates through two segments: Tim Hortons (TH) and Burger King (BK). Tim Hortons restaurants are quick service restaurants with a menu that includes blend coffee, tea, espresso-based hot and cold specialty drinks, baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps and soups, among others.
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