Restaurant Brands International (TSE:QSR) Share Price Passes Below 50 Day Moving Average – What’s Next?

Restaurant Brands International Inc. (TSE:QSR) (NYSE:QSR) passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$104.96 and traded as low as C$102.53. Restaurant Brands International shares last traded at C$104.10, with a volume of 1,178,911 shares changing hands.

Restaurant Brands International Trading Down 1.2%

The stock has a market cap of C$36.12 billion, a P/E ratio of 36.78, a P/E/G ratio of 2.22 and a beta of 0.39. The company has a debt-to-equity ratio of 420.69, a quick ratio of 0.80 and a current ratio of 0.99. The stock’s fifty day moving average is C$104.96 and its 200 day moving average is C$100.14.

Restaurant Brands International (TSE:QSR) (NYSE:QSR) last issued its quarterly earnings data on Wednesday, May 6th. The company reported C$1.20 earnings per share for the quarter. Restaurant Brands International had a return on equity of 27.13% and a net margin of 9.96%.The company had revenue of C$3.15 billion for the quarter. As a group, equities research analysts predict that Restaurant Brands International Inc. will post 7.3241225 earnings per share for the current fiscal year.

Restaurant Brands International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Tuesday, July 7th will be issued a $0.65 dividend. The ex-dividend date is Tuesday, June 23rd. This represents a $2.60 dividend on an annualized basis and a dividend yield of 2.5%. Restaurant Brands International’s payout ratio is 88.69%.

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. Formed in 2014 after 3G Capital’s acquisition of Tim Horton’s International, the Restaurant Brands portfolio now includes Burger King (19,250 units), Tim Horton’s (5,300 units), and Popeyes Louisiana Kitchen (3,700 units).