Restaurant Brands International Inc. (NYSE:QSR) Declares Quarterly Dividend of $0.65

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) announced a quarterly dividend on Wednesday, May 6th. Shareholders of record on Tuesday, June 23rd will be paid a dividend of 0.65 per share by the restaurant operator on Tuesday, July 7th. This represents a c) dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Tuesday, June 23rd.

Restaurant Brands International has increased its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 10 consecutive years. Restaurant Brands International has a payout ratio of 64.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Restaurant Brands International to earn $4.40 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 59.1%.

Restaurant Brands International Trading Down 5.5%

Shares of NYSE QSR opened at $77.14 on Thursday. The company has a quick ratio of 0.91, a current ratio of 0.98 and a debt-to-equity ratio of 2.62. The business has a fifty day simple moving average of $75.35 and a two-hundred day simple moving average of $71.17. The firm has a market cap of $26.79 billion, a PE ratio of 32.69, a price-to-earnings-growth ratio of 2.29 and a beta of 0.53. Restaurant Brands International has a twelve month low of $61.33 and a twelve month high of $81.96.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last issued its earnings results on Wednesday, May 6th. The restaurant operator reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.03. The business had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.24 billion. Restaurant Brands International had a return on equity of 32.51% and a net margin of 8.23%.Restaurant Brands International’s revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.75 EPS. Analysts expect that Restaurant Brands International will post 4.05 earnings per share for the current fiscal year.

Insider Transactions at Restaurant Brands International

In other news, CFO Sami A. Siddiqui sold 40,000 shares of the business’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $74.51, for a total value of $2,980,400.00. Following the completion of the transaction, the chief financial officer directly owned 35,766 shares of the company’s stock, valued at approximately $2,664,924.66. The trade was a 52.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Joshua Kobza sold 200,000 shares of the business’s stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $75.05, for a total value of $15,010,000.00. Following the completion of the transaction, the chief executive officer directly owned 960,769 shares of the company’s stock, valued at approximately $72,105,713.45. The trade was a 17.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 441,490 shares of company stock worth $32,375,140. Company insiders own 1.25% of the company’s stock.

Institutional Trading of Restaurant Brands International

A number of hedge funds have recently modified their holdings of QSR. AQR Capital Management LLC purchased a new stake in shares of Restaurant Brands International in the first quarter worth about $237,000. WINTON GROUP Ltd purchased a new position in Restaurant Brands International during the second quarter worth approximately $265,000. State Street Corp boosted its position in Restaurant Brands International by 9,477.4% during the second quarter. State Street Corp now owns 2,997,344 shares of the restaurant operator’s stock worth $198,711,000 after purchasing an additional 2,966,048 shares in the last quarter. Sei Investments Co. boosted its position in Restaurant Brands International by 188.7% during the second quarter. Sei Investments Co. now owns 52,335 shares of the restaurant operator’s stock worth $3,469,000 after purchasing an additional 34,210 shares in the last quarter. Finally, Treasurer of the State of North Carolina purchased a new position in Restaurant Brands International during the second quarter worth approximately $10,019,000. Hedge funds and other institutional investors own 82.29% of the company’s stock.

About Restaurant Brands International

Restaurant Brands International Inc (NYSE: QSR) is a global quick-service restaurant company formed through the combination of established brands. The company’s principal holdings include Burger King, Tim Hortons and Popeyes, each of which operates under its own brand identity and menu. Restaurant Brands International’s business is centered on developing and expanding these franchised restaurant systems, supporting franchisees with brand management, supply chain coordination, and marketing programs.

RBI’s restaurants offer a range of quick-service food and beverage products: Burger King is known for its flame-grilled hamburgers and sandwiches, Tim Hortons for coffee, baked goods and breakfast items, and Popeyes for Louisiana-style fried chicken and seafood.