Restaurant Brands International (TSE:QSR) Downgraded by Argus to “Hold”

Argus downgraded shares of Restaurant Brands International (TSE:QSR) (NYSE:QSR) from a strong-buy rating to a hold rating in a research note published on Thursday,Zacks.com reports.

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

Restaurant Brands International Trading Down 2.9 %

TSE:QSR opened at C$91.45 on Thursday. The company has a market cap of C$20.76 billion, a P/E ratio of 18.34, a P/E/G ratio of 2.22 and a beta of 0.95. The stock’s fifty day moving average price is C$92.31 and its two-hundred day moving average price is C$94.89. Restaurant Brands International has a 1 year low of C$86.06 and a 1 year high of C$112.12. 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 announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, January 3rd were given a dividend of $0.785 per share. The ex-dividend date was Friday, December 20th. This represents a $3.14 annualized dividend and a dividend yield of 3.43%. Restaurant Brands International’s dividend payout ratio is currently 62.98%.

Insiders Place Their Bets

In related news, Director Jonathan Domanko sold 446 shares of the stock in a transaction on Friday, December 20th. The stock was sold at an average price of C$95.62, for a total value of C$42,646.52. Also, Senior Officer Iv Curtis Thomas Benjamin sold 11,120 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of C$96.22, for a total value of C$1,069,957.50. Insiders have sold a total of 66,735 shares of company stock worth $6,459,478 over the last 90 days. Corporate insiders own 1.24% of the company’s stock.

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.