Restaurant Brands International (TSE:QSR) Cut to Hold at Argus

Argus cut shares of Restaurant Brands International (TSE:QSR) (NYSE:QSR) from a strong-buy rating to a hold rating in a report released on Thursday morning,Zacks.com reports.

Separately, Guggenheim raised shares of Restaurant Brands International from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 24th.

Restaurant Brands International Price Performance

Shares of QSR opened at C$91.45 on Thursday. The company has a market cap of C$20.76 billion, a price-to-earnings ratio of 18.34, a price-to-earnings-growth ratio of 2.22 and a beta of 0.95. Restaurant Brands International has a twelve month low of C$86.06 and a twelve month high of C$112.12. The company has a 50 day moving average of C$92.18 and a two-hundred day moving average of C$94.85. The company has a quick ratio of 0.80, a current ratio of 1.02 and a debt-to-equity ratio of 494.65.

Restaurant Brands International Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, January 3rd were paid a dividend of $0.785 per share. The ex-dividend date was Friday, December 20th. This represents a $3.14 annualized dividend and a yield of 3.43%. Restaurant Brands International’s dividend payout ratio is currently 62.98%.

Insider Activity

In related news, Director Jonathan Domanko sold 446 shares of the stock in a transaction dated Friday, December 20th. The shares were sold at an average price of C$95.62, for a total value of C$42,646.52. Also, Director Vicente Tome sold 1,990 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of C$96.66, for a total transaction of C$192,345.44. Over the last three months, insiders sold 66,735 shares of company stock worth $6,459,478. 1.24% of the stock is currently owned by company insiders.

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.