Lombard Odier Asset Management Europe Ltd, based in Europe, recently cut its shares in Restaurant Brands International Inc. by 44% during the fourth quarter of the year 2020. The recent Form 13F filing with the Securities and Exchange Commission (SEC) shows that Lombard Odier Asset Management owned a total of 62,002 shares of Restaurant Brands International after selling 48,665 shares during the same quarter. The holdings were reportedly worth $2,984,000 as of the most recent filing with SEC.
The move comes as several research reports have been discussing Restaurant Brands International’s stock lately. Oppenheimer reissued an “outperform” rating with a price target of $81 on shares of Restaurant Brands International in a research note last February 15th, while StockNews.com downgraded QSR from a “buy” rating to a “hold” rating on May 23rd. TD Cowen upgraded QSR from a “market perform” rating to an “outperform” rating and raised their target price for QSR’s stock from $72 to $75 last March 31st. Barclays also raised their target price for QSR from $78 to $84 in their own report last May 3rd. Furthermore, according to a Bloomberg data analysis, ten analysts have given QSR’s stock a hold rating while eleven have rated it as buy with several giving it a consensus target price value at around $72.87.
It is noteworthy that following these various reports, shares of Restaurant Brands International opened at $75.77 on Tuesday of this week. With varying opinions regarding the state and potential movements in the market as well as how long-term investors perceive the stocks’ volatility affecting their future investment decisions plays out; analysts are continuously seeking clarity towards finding more optimal possible outcomes amidst such trying times such statistical values can enhance effective decision-making procedures across different firm sizes and economic realities. Restaurant Brands International currently has a P/E ratio of 23.10, a P/E/G about 2.78 and an estimated beta rating of 0.97 alongside a debt-to-equity ratio of 3.05 while the firm boasts on having a market capitalization valued at approximately $23.59 billion to show for it all.
Overall, Lombard Odier Asset Management Europe Ltd cutting down its shares in Restaurant Brands International by such a significant margin is set to have widespread implications across the board as many players begin to take stock of the move while considering other factors that could impact any future investment decisions they make.
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Investor Changes and Strong Growth: A Look at Restaurant Brands International’s Recent Developments
Restaurant Brands International, the parent company of fast food giants Burger King and Tim Horton’s, has seen significant changes in its investor positions in recent months. Legend Financial Advisors Inc. bought shares worth approximately $27,000 during the third quarter, whilst Spire Wealth Management increased its stake in Restaurant Brands International by 378.4% in the last quarter for a total of $27,000 after acquiring an additional 333 shares. Optiver Holding B.V., RFP Financial Group LLC and Accurate Wealth Management LLC also purchased positions during Q3 and Q4 of 2016. Overall, 77.87% of Restaurant Brands International’s stock is owned by hedge funds and institutional investors.
However, there have also been some internal shifts at the restaurant operator recently. CFO Matthew Dunnigan sold 45,000 shares at an average price of $73.21 each on Friday May 19th, a transaction totalling just under £3.3m ($4.2m). Following this sale Dunnigan now owns 39,391 shares with an estimated value of over $2.m The SEC legal filing can be found on their website along with a disclosure statement about Director Ali Hedayat who sold almost 8k shares at an average price of $72.54 for total proceeds of roughly $563k back on May 8th.. In total insiders sold 101 thousand plus shares worth over $7 million since March; insiders own just over one per cent of the company’s stock in total.
Research reports have also affected Restaurant Brands International’s share price over recent weeks with Barclays raising their target from $78 to $84 whilst others such as StockNews.com downgraded Restaurant Brands International from a “buy” rating to a “hold”. The majority of research firms suggest a “buy” or “hold” rating overall though Bloomberg data shows that equities analysts currently have an average rating of “Moderate Buy” on the stock and a target price of $72.87 for it.
The results from QSR’s first quarter also showed an EPS of $0.75, surpassing predictions by $0.12 The company achieved revenue of $1.59bn in the first quarter compared to estimated revenue of $1.56bn. Restaurant Brands International has delivered strong growth with net margins of 15% and total revenues up by almost 10% YoY.
A quarterly dividend was recently announced, with shareholders of record on June 22nd receiving a dividend of $0.55 on July 6th (2.9% annualized). This is an increase from their previous dividend which was set at just over two cents per share and signals management’s ongoing confidence in the business’ growth potential as well as returning value to its shareholder base. With analysts forecasting earnings per share growth in excess of three dollars for this year alone and strategic acquisitions diversifying their offering further, there is no doubt that Restaurant Brands International is seen by many as a solid long-term investment option within the fast food sector