Restaurant Brands International Inc. $QSR Position Increased by Lombard Odier Asset Management Switzerland SA

Lombard Odier Asset Management Switzerland SA boosted its stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 88.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,041 shares of the restaurant operator’s stock after buying an additional 12,200 shares during the period. Lombard Odier Asset Management Switzerland SA’s holdings in Restaurant Brands International were worth $1,926,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in QSR. Waverly Advisors LLC increased its position in Restaurant Brands International by 16.1% in the 1st quarter. Waverly Advisors LLC now owns 46,391 shares of the restaurant operator’s stock valued at $3,428,000 after acquiring an additional 6,437 shares during the period. London Co. of Virginia acquired a new position in Restaurant Brands International during the 1st quarter worth $147,967,000. Cumberland Partners Ltd bought a new position in shares of Restaurant Brands International in the first quarter worth $398,000. Cannell & Spears LLC increased its holdings in shares of Restaurant Brands International by 2.7% during the first quarter. Cannell & Spears LLC now owns 306,854 shares of the restaurant operator’s stock valued at $22,634,000 after purchasing an additional 8,085 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Restaurant Brands International during the first quarter valued at $9,143,000. 82.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on QSR. Citigroup decreased their price objective on shares of Restaurant Brands International from $84.00 to $78.00 and set a “neutral” rating for the company in a report on Friday. Deutsche Bank Aktiengesellschaft dropped their target price on Restaurant Brands International from $86.00 to $85.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. JPMorgan Chase & Co. increased their price target on Restaurant Brands International from $77.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, April 24th. Royal Bank Of Canada lowered their price target on Restaurant Brands International from $90.00 to $85.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 7th. Finally, Barclays boosted their price objective on Restaurant Brands International from $85.00 to $92.00 and gave the stock an “overweight” 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $83.86.

Restaurant Brands International Trading Up 0.1%

Shares of NYSE QSR opened at $72.52 on Monday. Restaurant Brands International Inc. has a one year low of $61.33 and a one year high of $81.96. The firm has a market capitalization of $25.32 billion, a PE ratio of 25.53, a PEG ratio of 2.11 and a beta of 0.50. The company has a current ratio of 0.99, a quick ratio of 0.90 and a debt-to-equity ratio of 2.55. The business has a 50-day moving average price of $74.00 and a two-hundred day moving average price of $73.28.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its quarterly earnings data on Wednesday, May 6th. The restaurant operator reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.03. The business had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.24 billion. Restaurant Brands International had a return on equity of 32.80% and a net margin of 9.96%.Restaurant Brands International’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period last year, the company earned $0.75 earnings per share. As a group, analysts predict that Restaurant Brands International Inc. will post 4.04 earnings per share for the current fiscal year.

Restaurant Brands International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 7th. Investors of record on Tuesday, June 23rd were issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend was Tuesday, June 23rd. Restaurant Brands International’s dividend payout ratio is currently 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.