Restaurant Brands International (TSE:QSR) Stock Price Passes Below Fifty Day Moving Average – Here’s What Happened

Restaurant Brands International Inc. (TSE:QSR) (NYSE:QSR) passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$104.96 and traded as low as C$102.53. Restaurant Brands International shares last traded at C$104.10, with a volume of 1,178,911 shares traded.

Restaurant Brands International Stock Performance

The stock has a 50 day moving average of C$104.87 and a 200 day moving average of C$100.18. The company has a quick ratio of 0.80, a current ratio of 0.99 and a debt-to-equity ratio of 420.69. The firm has a market cap of C$35.69 billion, a price-to-earnings ratio of 36.35, a P/E/G ratio of 2.22 and a beta of 0.39.

Restaurant Brands International (TSE:QSR) (NYSE:QSR) last announced its quarterly earnings data on Wednesday, May 6th. The company reported C$1.20 earnings per share (EPS) for the quarter. The firm had revenue of C$3.15 billion for the quarter. Restaurant Brands International had a net margin of 9.96% and a return on equity of 27.13%. As a group, analysts anticipate that Restaurant Brands International Inc. will post 7.3241225 EPS for the current fiscal year.

Restaurant Brands International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Tuesday, July 7th will be given a dividend of $0.65 per share. The ex-dividend date is Tuesday, June 23rd. This represents a $2.60 annualized dividend and a dividend yield of 2.5%. Restaurant Brands International’s dividend payout ratio (DPR) is currently 88.69%.

About Restaurant Brands International

Restaurant Brands International is one of the largest restaurant companies in the world, with more than $35 billion in 2021 systemwide sales across a footprint that spans more than 28,000 restaurants and 100 countries. The firm generates revenue primarily from retail sales at its company-owned restaurants, royalty fees and lease income from franchised stores, and from its Tim Horton’s supply chain operations. Formed in 2014 after 3G Capital’s acquisition of Tim Horton’s International, the Restaurant Brands portfolio now includes Burger King (19,250 units), Tim Horton’s (5,300 units), and Popeyes Louisiana Kitchen (3,700 units).