Restaurant Brands International Inc (TSE:QSR) (NYSE:QSR) announced a quarterly dividend on Monday, February 12th, Zacks reports. Investors of record on Thursday, March 15th will be given a dividend of 0.554 per share on Monday, April 2nd. This represents a $2.22 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date is Wednesday, March 14th. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.26.
Shares of Restaurant Brands International (TSE:QSR) opened at C$75.17 on Tuesday. The firm has a market capitalization of $35,320.00, a P/E ratio of 27.33 and a beta of 1.07. Restaurant Brands International has a 12-month low of C$69.33 and a 12-month high of C$88.36.
Restaurant Brands International (TSE:QSR) (NYSE:QSR) last released its earnings results on Monday, February 12th. The company reported C$0.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$0.72 by C$0.12. Restaurant Brands International had a return on equity of 72.64% and a net margin of 46.86%. The company had revenue of C$1.57 billion during the quarter, compared to the consensus estimate of C$1.59 billion.
In other Restaurant Brands International news, Director Ali Hedayat bought 5,000 shares of Restaurant Brands International stock in a transaction dated Wednesday, February 14th. The shares were purchased at an average cost of C$72.86 per share, with a total value of C$364,300.00. Also, insider Heitor Goncalves sold 5,497 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of C$59.02, for a total value of C$324,432.94. Insiders sold 148,788 shares of company stock valued at $8,773,280 in the last quarter.
Several analysts have weighed in on QSR shares. Evercore reiterated an “outperform” rating on shares of Restaurant Brands International in a research report on Tuesday, December 12th. Evercore ISI reiterated an “outperform” rating on shares of Restaurant Brands International in a research report on Tuesday, December 12th. BMO Capital Markets set a C$72.00 price objective on Restaurant Brands International and gave the company an “outperform” rating in a research report on Thursday, February 1st. Finally, Cowen lowered their price objective on Restaurant Brands International from C$72.00 to C$69.00 in a research report on Tuesday, February 13th. Six analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and a consensus target price of C$81.00.
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About Restaurant Brands International
Restaurant Brands International Inc is a quick service restaurant (QSR) company. The Company had over 23,000 restaurants in more than 100 countries and the United States territories, as of September 30, 2017. It operates through three segments: Tim Hortons (TH), Burger King (BK) and Popeyes Louisiana Kitchen (PLK).
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