Restaurant Brands International (NYSE:qsr) (TSE:QSR) announced a quarterly dividend on Monday, October 24th. Stockholders of record on Thursday, December 8th will be given a dividend of 0.17 per share on Wednesday, January 4th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date is Tuesday, December 6th. This is an increase from Restaurant Brands International’s previous quarterly dividend of $0.16.

Shares of Restaurant Brands International (NYSE:QSR) opened at 47.53 on Thursday. Restaurant Brands International has a 1-year low of $29.28 and a 1-year high of $49.12. The company has a market capitalization of $11.13 billion, a price-to-earnings ratio of 39.58 and a beta of 1.77. The stock has a 50 day moving average of $45.15 and a 200-day moving average of $44.39.

Restaurant Brands International (NYSE:QSR) last released its quarterly earnings data on Monday, October 24th. The company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.02. Restaurant Brands International had a net margin of 11.77% and a return on equity of 20.84%. The company earned $1.08 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same period last year, the business earned $0.34 earnings per share. Restaurant Brands International’s revenue was up 5.5% compared to the same quarter last year. Analysts forecast that Restaurant Brands International will post $1.55 earnings per share for the current year.

Dividend History for Restaurant Brands International (NYSE:qsr)

In other news, Director Motta Roberto Moses Thompson bought 22,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 8th. The shares were bought at an average cost of $46.98 per share, with a total value of $1,033,560.00. Following the completion of the purchase, the director now directly owns 7,440 shares in the company, valued at $349,531.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.20% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. FMR LLC increased its position in shares of Restaurant Brands International by 2.2% in the second quarter. FMR LLC now owns 11,518,528 shares of the company’s stock worth $479,482,000 after buying an additional 253,000 shares during the last quarter. State of Wisconsin Investment Board increased its position in shares of Restaurant Brands International by 121.1% in the second quarter. State of Wisconsin Investment Board now owns 428,133 shares of the company’s stock worth $17,773,000 after buying an additional 234,500 shares during the last quarter. Marshall Wace LLP increased its position in shares of Restaurant Brands International by 1,017.5% in the second quarter. Marshall Wace LLP now owns 205,829 shares of the company’s stock worth $8,562,000 after buying an additional 187,411 shares during the last quarter. Point72 Asset Management L.P. bought a new position in shares of Restaurant Brands International during the second quarter worth about $5,454,000. Finally, Mackenzie Financial Corp bought a new position in shares of Restaurant Brands International during the second quarter worth about $4,020,000. 72.75% of the stock is currently owned by institutional investors and hedge funds.

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Several brokerages have issued reports on QSR. Credit Suisse Group AG reiterated a “hold” rating on shares of Restaurant Brands International in a research report on Friday, August 5th. Zacks Investment Research lowered shares of Restaurant Brands International from a “buy” rating to a “hold” rating in a research report on Saturday, September 3rd. RBC Capital Markets lifted their target price on shares of Restaurant Brands International from $49.00 to $54.00 and gave the company an “outperform” rating in a research report on Tuesday, October 25th. TheStreet upgraded shares of Restaurant Brands International from a “hold” rating to a “buy” rating in a research report on Thursday, August 4th. Finally, Morgan Stanley reiterated a “hold” rating and set a $47.00 target price on shares of Restaurant Brands International in a research report on Friday, August 5th. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $46.18.

About Restaurant Brands International

Restaurant Brands International Inc is a quick service restaurant (QSR) company. The Company operates approximately 19,000 restaurants in over 100 countries and the United States territories. Its Burger King (BK) and Tim Hortons (TH) brands have similar franchised business models. The Company operates through two segments: TH, which includes all operations of its Tim Hortons brand and BK, which includes all operations of its Burger King brand.

5 Day Chart for NYSE:QSR

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