Restaurant Brands International Inc. (QSR) To Go Ex-Dividend on September 18th

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) announced a quarterly dividend on Wednesday, August 5th. Shareholders of record on Friday, September 18th will be paid a dividend of 0.65 per share by the restaurant operator on Friday, October 2nd. This represents a c) dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Friday, September 18th.

Restaurant Brands International has raised its dividend by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 10 years. Restaurant Brands International has a dividend payout ratio of 64.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Restaurant Brands International to earn $4.39 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 59.2%.

Restaurant Brands International Trading Down 2.1%

Shares of QSR stock opened at $72.95 on Friday. Restaurant Brands International has a 12 month low of $61.33 and a 12 month high of $81.96. The company has a market cap of $25.48 billion, a PE ratio of 25.69, a price-to-earnings-growth ratio of 2.17 and a beta of 0.50. The company has a quick ratio of 0.90, a current ratio of 0.99 and a debt-to-equity ratio of 2.55. The business’s 50 day moving average is $73.76 and its two-hundred day moving average is $73.62.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings data on Thursday, August 6th. The restaurant operator reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.03. The business had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.52 billion. Restaurant Brands International had a net margin of 9.96% and a return on equity of 32.80%. Restaurant Brands International’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.94 EPS. Equities analysts predict that Restaurant Brands International will post 4.04 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on QSR shares. JPMorgan Chase & Co. boosted their price objective on Restaurant Brands International from $77.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. Morgan Stanley upped their target price on shares of Restaurant Brands International from $78.00 to $79.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 15th. TD Cowen raised their price target on shares of Restaurant Brands International from $79.00 to $80.00 and gave the stock a “hold” rating in a research report on Thursday, July 9th. Robert W. Baird boosted their price objective on shares of Restaurant Brands International from $72.00 to $80.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Restaurant Brands International from $86.00 to $85.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Fifteen equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $83.86.

About Restaurant Brands International

Restaurant Brands International Inc (NYSE: QSR) is a global quick-service restaurant company formed through the combination of established brands. The company’s principal holdings include Burger King, Tim Hortons and Popeyes, each of which operates under its own brand identity and menu. Restaurant Brands International’s business is centered on developing and expanding these franchised restaurant systems, supporting franchisees with brand management, supply chain coordination, and marketing programs.

RBI’s restaurants offer a range of quick-service food and beverage products: Burger King is known for its flame-grilled hamburgers and sandwiches, Tim Hortons for coffee, baked goods and breakfast items, and Popeyes for Louisiana-style fried chicken and seafood.