Restaurant Brands International Inc. to Issue Quarterly Dividend of $0.65 (NYSE:QSR)
by Scott Moore · The Cerbat GemRestaurant Brands International Inc. (NYSE:QSR – Get Free Report) (TSE:QSR) declared a quarterly dividend on Wednesday, May 6th. Investors of record on Tuesday, June 23rd will be paid a dividend of 0.65 per share by the restaurant operator on Tuesday, July 7th. This represents a c) dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Tuesday, June 23rd.
Restaurant Brands International has raised its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 10 consecutive years. Restaurant Brands International has a dividend payout ratio of 64.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Restaurant Brands International to earn $4.40 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 59.1%.
Restaurant Brands International Stock Down 5.5%
Restaurant Brands International stock traded down $4.53 during trading on Wednesday, reaching $77.14. The stock had a trading volume of 7,273,435 shares, compared to its average volume of 3,379,238. Restaurant Brands International has a 52-week low of $61.33 and a 52-week high of $81.96. The business has a 50 day moving average price of $75.15 and a 200 day moving average price of $71.10. The company has a quick ratio of 0.91, a current ratio of 0.98 and a debt-to-equity ratio of 2.62. The stock has a market cap of $26.79 billion, a PE ratio of 32.69, a P/E/G ratio of 2.25 and a beta of 0.53.
Restaurant Brands International (NYSE:QSR – Get Free Report) (TSE:QSR) last issued its quarterly earnings results on Wednesday, May 6th. The restaurant operator reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.04. Restaurant Brands International had a net margin of 8.23% and a return on equity of 32.51%. During the same period in the prior year, the company earned $0.75 earnings per share. The firm’s revenue was up 7.3% compared to the same quarter last year. On average, analysts predict that Restaurant Brands International will post 4.05 EPS for the current year.
Analysts Set New Price Targets
A number of brokerages recently issued reports on QSR. Royal Bank Of Canada lifted their price target on shares of Restaurant Brands International from $83.00 to $90.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 21st. Morgan Stanley lifted their price target on shares of Restaurant Brands International from $77.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 3rd. Citigroup boosted their price objective on shares of Restaurant Brands International from $76.00 to $88.00 and gave the stock a “neutral” rating in a research report on Thursday, April 23rd. Guggenheim boosted their price objective on shares of Restaurant Brands International from $79.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. Finally, BMO Capital Markets reduced their price objective on shares of Restaurant Brands International from $83.00 to $81.00 and set an “outperform” rating for the company in a research report on Friday, February 13th. Sixteen analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $82.17.
Read Our Latest Stock Report on QSR
Restaurant Brands International Company Profile
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.