Restaurant Brands International (TSE:QSR) Share Price Breaks Below Two Hundred Day Moving Average – Here’s Why

Restaurant Brands International Inc. (TSE:QSR) (NYSE:QSR) shares passed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of C$102.67 and traded as low as C$100.21. Restaurant Brands International shares last traded at C$102.31, with a volume of 1,264,880 shares.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Seaport Research Partners raised shares of Restaurant Brands International to a “strong-buy” rating in a report on Tuesday, September 15th. Citigroup reduced their price objective on shares of Restaurant Brands International from C$79.00 to C$78.00 and set a “neutral” rating on the stock in a report on Friday. Mizuho raised shares of Restaurant Brands International to a “strong-buy” rating in a research report on Tuesday, October 20th. Finally, Argus lowered shares of Restaurant Brands International from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 25th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$81.00.

Restaurant Brands International Stock Performance

The company has a market capitalization of C$35.24 billion, a price-to-earnings ratio of 27.25, a P/E/G ratio of 2.22 and a beta of 0.34. The company has a debt-to-equity ratio of 392.31, a quick ratio of 0.80 and a current ratio of 0.96. The firm has a 50-day simple moving average of C$104.64 and a two-hundred day simple moving average of C$102.70.

Restaurant Brands International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, October 2nd were paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Friday, September 18th. Restaurant Brands International’s dividend payout ratio is presently 68.46%.

Insider Transactions at Restaurant Brands International

In other Restaurant Brands International news, Director Vicente Tome sold 2,258 shares of the stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of C$112.93, for a total transaction of C$254,995.94. Following the sale, the director directly owned 13,264 shares in the company, valued at C$1,497,903.52. This represents a 14.55% decrease in their position. 1.24% of the stock is currently owned by company insiders.

About Restaurant Brands International

Restaurant Brands International Inc is one of the world’s largest quick service restaurant companies with nearly $49 billion in annual system-wide sales and over 33,000 restaurants in more than 120 countries and territories. RBI owns four of the world’s most prominent and iconic quick service restaurant brands – TIM HORTONS®, BURGER KING®, POPEYES®, and FIREHOUSE SUBS®. These independently operated brands have been serving their respective guests, franchisees and communities for decades. Through its Restaurant Brands for Good framework, RBI is improving sustainable outcomes related to its food, the planet, and people and communities.