Restaurant Brands International (TSE:QSR) Stock Passes Below Fifty Day Moving Average – What’s Next?

Restaurant Brands International Inc. (TSE:QSR) (NYSE:QSR) shares crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$105.49 and traded as low as C$99.39. Restaurant Brands International shares last traded at C$99.84, with a volume of 1,334,324 shares.

Analyst Upgrades and Downgrades

Separately, Piper Sandler upgraded shares of Restaurant Brands International from a “hold” rating to an “overweight” rating and set a C$84.00 price target for the company in a research note on Sunday, March 1st. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$84.00.

Restaurant Brands International Trading Down 1.5%

The stock has a market cap of C$34.64 billion, a P/E ratio of 35.28, a PEG ratio of 2.22 and a beta of 0.39. The company has a debt-to-equity ratio of 413.36, a current ratio of 0.99 and a quick ratio of 0.80. The business’s 50 day simple moving average is C$105.49 and its 200 day simple moving average is C$99.69.

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

Restaurant Brands International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 2nd. Stockholders of record on Thursday, April 2nd were issued a dividend of $0.65 per share. The ex-dividend date of this dividend was Thursday, March 19th. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.62. This represents a $2.60 annualized dividend and a dividend yield of 2.6%. Restaurant Brands International’s dividend payout ratio (DPR) is 88.69%.

Insider Buying and Selling at Restaurant Brands International

In other news, insider Jeffrey Housman sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of C$100.29, for a total transaction of C$2,005,800.00. Following the completion of the sale, the insider owned 162,080 shares of the company’s stock, valued at approximately C$16,255,003.20. This trade represents a 10.98% decrease in their ownership of the stock. Insiders own 1.24% of the company’s stock.

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).