Restaurant Brands International (TSE:QSR) Stock Price Crosses Below 200-Day Moving Average – What’s Next?

Restaurant Brands International Inc. (TSE:QSR) (NYSE:QSR)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$94.61 and traded as low as C$92.25. Restaurant Brands International shares last traded at C$92.41, with a volume of 1,088,690 shares changing hands.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on QSR. Guggenheim upgraded shares of Restaurant Brands International from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 24th. TD Cowen lowered shares of Restaurant Brands International from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 14th. Finally, Argus raised Restaurant Brands International from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 19th.

Restaurant Brands International Stock Performance

The stock’s 50-day moving average price is C$93.02 and its 200 day moving average price is C$94.61. The firm has a market cap of C$20.98 billion, a P/E ratio of 18.54, a price-to-earnings-growth ratio of 2.22 and a beta of 0.95. The company has a debt-to-equity ratio of 494.65, a current ratio of 1.02 and a quick ratio of 0.80.

Restaurant Brands International Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, April 4th will be given a dividend of $0.62 per share. The ex-dividend date is Friday, March 21st. This represents a $2.48 annualized dividend and a yield of 2.68%. Restaurant Brands International’s dividend payout ratio (DPR) is presently 62.98%.

Insider Activity at Restaurant Brands International

In other Restaurant Brands International news, Director Jonathan Domanko sold 2,817 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of C$98.90, for a total value of C$278,601.30. Also, Director Michele Keusch sold 820 shares of Restaurant Brands International stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of C$89.16, for a total value of C$73,111.61. Over the last three months, insiders sold 101,088 shares of company stock valued at $9,524,563. 1.24% of the stock is owned by corporate insiders.

Restaurant Brands International Company Profile

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.