Here’s How Activist Watcher 13D Management’s 13F Holdings Are Doing

Brink’s Company (NYSE:BCO)

– Shares Owned by Lone Pine Capital (as of December 31): 390,859 shares

– Value of Holding (as of December 31): $11.28 million

Initiating a stake in Brink’s Company (NYSE:BCO) during the fourth quarter was a smart move by 13D Management. Owing largely to the over 10% rise they saw last month, shares of Brink’s Company (NYSE:BCO) ended the first quarter with gains of 16.8%. Brink’s Company currently pays a quarterly dividend of $1.10, which translates into an annual dividend yield of 1.10%. At the beginning of the year, the company announced that it had reached a deal with activist investor Jeffrey Smith’s Starboard Value LP, which owned 12.4% of all outstanding shares of the company directly and indirectly, as  of December 31. As part of the deal, the company agreed to add three candidates approved  by Starboard to its Board and announced that its CEO, Thomas Schievelbein, would step down.

Darden Restaurants, Inc. (NYSE:DRI)

– Shares Owned by Lone Pine Capital (as of December 31): 249,984 shares

– Value of Holding (as of December 31): $15.91 million

Finally, 13D Management reduced its stake in Darden Restaurants, Inc. (NYSE:DRI) by 39%  during the fourth quarter, relegating the company to the third spot in its equity portfolio from the top spot at the end of the third quarter. Activist Starboard Value owns 6.62 million shares of Darden Restaurants, according to a recent 13D filing (in 2014, Starboard replaced the entire board of the company and last year pushed for a spin-off of its real estate assets). Darden Restaurants, Inc. (NYSE:DRI)’s stock ended the first quarter with gains of 5%, but has given up some of those gains this month despite the company reporting better than expected numbers for its fiscal 2016 third quarter numbers on April 5. While analysts were expecting EPS of $1.19 on revenue of $1.84 billion for the quarter, Darden Restaurants declared EPS of $1.21 on revenue of $1.85 billion. Following the earnings release, on April 6,  analysts at BTIG Research reiterated their ‘Buy’ rating on the stock, but upped their price target on the stock to $75 from $70.

Disclosure: None