Lombard Odier Asset Management Switzerland SA Purchases 12,200 Shares of Restaurant Brands International Inc. $QSR

Lombard Odier Asset Management Switzerland SA lifted its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 88.1% in the first quarter, Holdings Channel.com reports. The fund owned 26,041 shares of the restaurant operator’s stock after purchasing an additional 12,200 shares during the quarter. Lombard Odier Asset Management Switzerland SA’s holdings in Restaurant Brands International were worth $1,926,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Lloyd Advisory Services LLC. acquired a new stake in shares of Restaurant Brands International in the 4th quarter valued at $25,000. Larson Financial Group LLC increased its position in shares of Restaurant Brands International by 1,922.2% during the 4th quarter. Larson Financial Group LLC now owns 364 shares of the restaurant operator’s stock worth $25,000 after purchasing an additional 346 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in Restaurant Brands International during the 4th quarter valued at about $29,000. Cassaday & Co Wealth Management LLC bought a new position in Restaurant Brands International during the 1st quarter valued at about $40,000. Finally, UMB Bank n.a. boosted its position in Restaurant Brands International by 50.4% in the fourth quarter. UMB Bank n.a. now owns 639 shares of the restaurant operator’s stock valued at $44,000 after buying an additional 214 shares in the last quarter. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Royal Bank Of Canada dropped their price target on Restaurant Brands International from $90.00 to $85.00 and set an “outperform” rating for the company in a report on Tuesday, July 7th. Weiss Ratings raised Restaurant Brands International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, July 8th. KeyCorp increased their target price on Restaurant Brands International from $78.00 to $90.00 and gave the stock an “overweight” rating in a report on Monday, April 20th. UBS Group increased their target price on Restaurant Brands International from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Finally, Scotiabank raised their target price on Restaurant Brands International from $81.00 to $83.00 and gave the company a “sector perform” rating in a research note on Thursday, May 7th. Fifteen investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Restaurant Brands International has a consensus rating of “Moderate Buy” and a consensus target price of $83.86.

Restaurant Brands International Stock Up 0.1%

Restaurant Brands International stock opened at $72.52 on Monday. The company’s 50 day simple moving average is $74.00 and its 200 day simple moving average is $73.28. Restaurant Brands International Inc. has a fifty-two week low of $61.33 and a fifty-two week high of $81.96. The firm has a market capitalization of $25.32 billion, a price-to-earnings ratio of 25.53, a PEG ratio of 2.11 and a beta of 0.50. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.99 and a quick ratio of 0.90.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its earnings results on Wednesday, May 6th. The restaurant operator reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.03. Restaurant Brands International had a return on equity of 32.80% and a net margin of 9.96%.The firm had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same period in the previous year, the firm earned $0.75 earnings per share. The company’s revenue was up 7.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Restaurant Brands International Inc. will post 4.04 EPS for the current year.

Restaurant Brands International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Tuesday, June 23rd were issued a $0.65 dividend. The ex-dividend date was Tuesday, June 23rd. This represents a $2.60 annualized dividend and a dividend yield of 3.6%. Restaurant Brands International’s dividend payout ratio (DPR) is presently 91.55%.

Restaurant Brands International Profile

Restaurant Brands International Inc (NYSE: QSR) is a global quick-service restaurant company formed through the combination of established brands. The company’s principal holdings include Burger King, Tim Hortons and Popeyes, each of which operates under its own brand identity and menu. Restaurant Brands International’s business is centered on developing and expanding these franchised restaurant systems, supporting franchisees with brand management, supply chain coordination, and marketing programs.

RBI’s restaurants offer a range of quick-service food and beverage products: Burger King is known for its flame-grilled hamburgers and sandwiches, Tim Hortons for coffee, baked goods and breakfast items, and Popeyes for Louisiana-style fried chicken and seafood.