17,754 Shares in Arcos Dorados Holdings Inc. (NYSE:ARCO) Purchased by Quantbot Technologies LP

Quantbot Technologies LP bought a new stake in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 17,754 shares of the restaurant operator’s stock, valued at approximately $129,000.

A number of other institutional investors have also recently made changes to their positions in ARCO. Assenagon Asset Management S.A. bought a new stake in shares of Arcos Dorados in the fourth quarter worth $2,051,000. Franklin Resources Inc. bought a new stake in shares of Arcos Dorados during the 3rd quarter valued at about $12,101,000. Diamond Hill Capital Management Inc. increased its position in shares of Arcos Dorados by 73.5% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 184,039 shares of the restaurant operator’s stock valued at $1,340,000 after purchasing an additional 77,958 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Arcos Dorados by 12.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 534,990 shares of the restaurant operator’s stock worth $3,895,000 after purchasing an additional 58,453 shares during the period. Finally, Emeth Value Capital LLC purchased a new position in shares of Arcos Dorados in the fourth quarter worth approximately $11,190,000. Hedge funds and other institutional investors own 55.91% of the company’s stock.

Arcos Dorados Stock Performance

NYSE:ARCO opened at $8.14 on Monday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.57 and a current ratio of 0.63. The stock has a 50-day simple moving average of $7.97 and a two-hundred day simple moving average of $8.24. The firm has a market capitalization of $1.71 billion, a PE ratio of 11.62 and a beta of 1.09. Arcos Dorados Holdings Inc. has a 52-week low of $7.02 and a 52-week high of $11.49.

Arcos Dorados (NYSE:ARCO) last announced its quarterly earnings data on Wednesday, March 12th. The restaurant operator reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.06. Arcos Dorados had a return on equity of 29.74% and a net margin of 3.25%. The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.15 billion. Analysts forecast that Arcos Dorados Holdings Inc. will post 0.63 EPS for the current year.

Arcos Dorados Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Monday, December 22nd will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, December 22nd. This represents a $0.24 dividend on an annualized basis and a yield of 2.95%. Arcos Dorados’s dividend payout ratio is presently 33.33%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Arcos Dorados from a “buy” rating to a “hold” rating in a report on Wednesday, March 26th.

Arcos Dorados Profile

Arcos Dorados Holdings Inc operates as a franchisee of McDonald’s restaurants. It has the exclusive right to own, operate, and grant franchises of McDonald’s restaurants in 20 countries and territories in Latin America and the Caribbean, including Argentina, Aruba, Brazil, Chile, Colombia, Costa Rica, Curacao, Ecuador, French Guiana, Guadeloupe, Martinique, Mexico, Panama, Peru, Puerto Rico, Trinidad and Tobago, Uruguay, the U.S.