Restaurant Brands International Inc. (QSR) to Issue Quarterly Dividend of $0.55 on October 4th

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) declared a quarterly dividend on Tuesday, August 8th, Zacks reports. Investors of record on Wednesday, September 20th will be given a dividend of 0.55 per share by the restaurant operator on Wednesday, October 4th. This represents a $2.20 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date is Tuesday, September 19th.

Restaurant Brands International has increased its dividend payment by an average of 2.6% per year over the last three years and has increased its dividend annually for the last 8 consecutive years. Restaurant Brands International has a dividend payout ratio of 63.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Restaurant Brands International to earn $3.40 per share next year, which means the company should continue to be able to cover its $2.20 annual dividend with an expected future payout ratio of 64.7%.

Restaurant Brands International Price Performance

QSR stock opened at $68.58 on Friday. Restaurant Brands International has a 1 year low of $51.26 and a 1 year high of $78.30. The company has a market cap of $21.42 billion, a P/E ratio of 20.85, a PEG ratio of 2.29 and a beta of 0.99. The firm has a 50-day moving average of $72.28 and a 200 day moving average of $70.87. The company has a debt-to-equity ratio of 2.80, a current ratio of 1.09 and a quick ratio of 1.00.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings results on Tuesday, August 8th. The restaurant operator reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.09. Restaurant Brands International had a net margin of 15.03% and a return on equity of 34.44%. The company had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.75 billion. On average, sell-side analysts forecast that Restaurant Brands International will post 3.21 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on QSR shares. Guggenheim raised their target price on shares of Restaurant Brands International from $69.00 to $70.00 and gave the company a “neutral” rating in a research note on Monday, August 14th. JPMorgan Chase & Co. started coverage on shares of Restaurant Brands International in a research note on Monday, August 21st. They set an “overweight” rating and a $82.00 target price for the company. Jefferies Financial Group raised their target price on shares of Restaurant Brands International from $73.00 to $75.00 and gave the company a “hold” rating in a research note on Wednesday, August 9th. Citigroup decreased their target price on shares of Restaurant Brands International from $85.00 to $83.00 and set a “neutral” rating for the company in a research note on Wednesday, August 9th. Finally, UBS Group raised their target price on shares of Restaurant Brands International from $82.00 to $85.00 and gave the company a “buy” rating in a research note on Wednesday, August 9th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $79.23.

Institutional Investors Weigh In On Restaurant Brands International

Several institutional investors and hedge funds have recently added to or reduced their stakes in QSR. Cetera Advisors LLC purchased a new position in shares of Restaurant Brands International during the 4th quarter worth $224,000. TIAA FSB purchased a new position in shares of Restaurant Brands International during the 4th quarter worth $223,000. Ergoteles LLC purchased a new position in shares of Restaurant Brands International during the 1st quarter worth $222,000. Cetera Investment Advisers purchased a new position in shares of Restaurant Brands International during the 4th quarter worth $220,000. Finally, Wambolt & Associates LLC purchased a new position in shares of Restaurant Brands International during the 2nd quarter worth $220,000.

About Restaurant Brands International

Restaurant Brands International Inc operates as a quick-service restaurant company in Canada, the United States, and internationally. It operates through four segments: Tim Hortons (TH), Burger King (BK), Popeyes Louisiana Kitchen (PLK), and Firehouse Subs (FHS). The company owns and franchises TH chain of donut/coffee/tea restaurants that offer blend coffee, tea, and espresso-based hot and cold specialty drinks; and fresh baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, and other food products.