Virtu Financial LLC Makes New Investment in Arcos Dorados Holdings Inc. (NYSE:ARCO)

Virtu Financial LLC purchased a new stake in Arcos Dorados Holdings Inc. (NYSE:ARCO) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 12,297 shares of the restaurant operator’s stock, valued at approximately $90,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of ARCO. Spire Wealth Management lifted its position in shares of Arcos Dorados by 27.2% during the 4th quarter. Spire Wealth Management now owns 7,210 shares of the restaurant operator’s stock valued at $52,000 after acquiring an additional 1,540 shares during the period. R Squared Ltd acquired a new position in shares of Arcos Dorados during the fourth quarter valued at about $54,000. Sanctuary Advisors LLC bought a new position in shares of Arcos Dorados during the 4th quarter worth about $90,000. Quarry LP boosted its position in shares of Arcos Dorados by 273.6% during the 3rd quarter. Quarry LP now owns 12,102 shares of the restaurant operator’s stock worth $106,000 after purchasing an additional 8,863 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Arcos Dorados by 17.5% in the 4th quarter. Bank of New York Mellon Corp now owns 12,272 shares of the restaurant operator’s stock valued at $89,000 after buying an additional 1,830 shares during the period. 55.91% of the stock is currently owned by institutional investors.

Arcos Dorados Price Performance

Shares of ARCO opened at $8.14 on Monday. The business’s fifty day moving average is $7.97 and its 200 day moving average is $8.24. Arcos Dorados Holdings Inc. has a 12-month low of $7.02 and a 12-month high of $11.49. The company has a quick ratio of 0.57, a current ratio of 0.63 and a debt-to-equity ratio of 1.40. The stock has a market cap of $1.71 billion, a P/E ratio of 11.62 and a beta of 1.09.

Arcos Dorados (NYSE:ARCO) last released its quarterly earnings data on Wednesday, March 12th. The restaurant operator reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.06. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.15 billion. Arcos Dorados had a net margin of 3.25% and a return on equity of 29.74%. Sell-side analysts anticipate that Arcos Dorados Holdings Inc. will post 0.63 earnings per share for the current fiscal year.

Arcos Dorados Dividend Announcement

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

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Arcos Dorados from a “buy” rating to a “hold” rating in a research note on Wednesday, March 26th.

About Arcos Dorados

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.