Restaurant Brands International (TSE:QSR) Upgraded to Strong-Buy at Mizuho

Mizuho upgraded shares of Restaurant Brands International (TSE:QSR) (NYSE:QSR) to a strong-buy rating in a research note released on Tuesday,Zacks reports.

Several other brokerages have also issued reports on QSR. Seaport Research Partners upgraded Restaurant Brands International to a “strong-buy” rating in a research note on Tuesday, September 15th. Argus cut Restaurant Brands International from a “strong-buy” rating to a “hold” rating in a report on Friday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of C$84.00.

Restaurant Brands International Stock Up 0.6%

Shares of QSR opened at C$105.66 on Tuesday. The firm has a 50 day simple moving average of C$105.17 and a two-hundred day simple moving average of C$105.07. The company has a debt-to-equity ratio of 406.52, a current ratio of 1.01 and a quick ratio of 0.80. Restaurant Brands International has a one year low of C$89.08 and a one year high of C$113.10. The company has a market cap of C$36.69 billion, a P/E ratio of 28.48, a P/E/G ratio of 2.22 and a beta of 0.34.

Restaurant Brands International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, October 2nd were issued a $0.65 dividend. The ex-dividend date of this dividend was Friday, September 18th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 2.5%. Restaurant Brands International’s dividend payout ratio is 68.46%.

Insider Buying and Selling at Restaurant Brands International

In related news, Director Vicente Tome sold 2,258 shares of Restaurant Brands International 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 of the company’s stock, valued at approximately C$1,497,903.52. The trade was a 14.55% decrease in their position. Insiders own 1.24% of the company’s stock.

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.