Restaurant Brands International Inc. (QSR) To Go Ex-Dividend on December 22nd

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) declared a quarterly dividend on Wednesday, October 28th. Shareholders of record on Tuesday, December 22nd will be given a dividend of $0.65 per share by the restaurant operator on Tuesday, January 5th. This represents a $2.60 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Tuesday, December 22nd.

Restaurant Brands International has a dividend payout ratio of 64.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Restaurant Brands International to earn $4.42 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 58.8%.

Restaurant Brands International Trading Down 0.1%

Shares of NYSE:QSR traded down $0.10 during trading on Friday, reaching $72.91. The stock had a trading volume of 2,047,252 shares, compared to its average volume of 3,173,095. The company has a debt-to-equity ratio of 2.49, a quick ratio of 0.92 and a current ratio of 1.01. The stock has a market cap of $25.43 billion, a price-to-earnings ratio of 19.61, a P/E/G ratio of 2.18 and a beta of 0.52. The firm’s fifty day moving average is $74.77 and its 200 day moving average is $73.92. Restaurant Brands International has a 52 week low of $64.52 and a 52 week high of $81.96.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings data on Thursday, October 29th. The restaurant operator reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.02. Restaurant Brands International had a return on equity of 33.43% and a net margin of 13.12%. The company had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $2.55 billion. During the same period last year, the firm posted $1.03 EPS. Restaurant Brands International’s revenue for the quarter was up 3.1% compared to the same quarter last year. As a group, equities analysts forecast that Restaurant Brands International will post 4.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. TD Cowen reissued a “hold” rating and set a $78.00 target price on shares of Restaurant Brands International in a research report on Thursday. JPMorgan Chase & Co. cut their target price on Restaurant Brands International from $82.00 to $78.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 29th. Weiss Ratings raised Restaurant Brands International from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, August 12th. Robert W. Baird boosted their price target on shares of Restaurant Brands International from $80.00 to $85.00 and gave the company a “neutral” rating in a research report on Monday, August 24th. Finally, Citigroup decreased their price objective on shares of Restaurant Brands International from $80.00 to $79.00 and set a “neutral” rating for the company in a research report on Tuesday, October 20th. Sixteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Restaurant Brands International has an average rating of “Moderate Buy” and a consensus target price of $83.92.

About Restaurant Brands International

Restaurant Brands International Inc (NYSE:QSR) is a global quick-service restaurant company that owns and operates a portfolio of restaurant brands, primarily through franchised and licensed locations. Its brands include Tim Hortons, Burger King, Popeyes and Firehouse Subs, which serve coffee, baked goods, burgers, chicken, sandwiches and other prepared foods.

The company was formed in 2014 through the merger of Burger King Worldwide and Tim Hortons. RBI expanded its portfolio through the acquisition of Popeyes Louisiana Kitchen in 2017 and Firehouse Restaurant Group in 2021.