Arcos Dorados Holdings Inc. (NYSE:ARCO) Shares Sold by Banco BTG Pactual S.A.

Banco BTG Pactual S.A. decreased its holdings in Arcos Dorados Holdings Inc. (NYSE:ARCO - Free Report) by 42.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 575,258 shares of the restaurant operator's stock after selling 420,993 shares during the quarter. Arcos Dorados makes up 1.0% of Banco BTG Pactual S.A.'s portfolio, making the stock its 24th biggest position. Banco BTG Pactual S.A. owned 0.27% of Arcos Dorados worth $4,314,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ARCO. Rockefeller Capital Management L.P. increased its stake in Arcos Dorados by 12.5% during the third quarter. Rockefeller Capital Management L.P. now owns 206,953 shares of the restaurant operator's stock valued at $1,805,000 after purchasing an additional 22,954 shares during the last quarter. Verition Fund Management LLC grew its position in shares of Arcos Dorados by 6.2% during the 3rd quarter. Verition Fund Management LLC now owns 61,867 shares of the restaurant operator's stock valued at $539,000 after buying an additional 3,588 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new stake in Arcos Dorados during the third quarter worth about $187,000. Point72 Asset Management L.P. lifted its holdings in Arcos Dorados by 250.2% in the third quarter. Point72 Asset Management L.P. now owns 99,800 shares of the restaurant operator's stock worth $870,000 after acquiring an additional 71,300 shares during the last quarter. Finally, Quarry LP boosted its stake in Arcos Dorados by 273.6% in the third quarter. Quarry LP now owns 12,102 shares of the restaurant operator's stock valued at $106,000 after acquiring an additional 8,863 shares during the period. Hedge funds and other institutional investors own 55.91% of the company's stock.

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Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Arcos Dorados from a "buy" rating to a "hold" rating in a report on Wednesday.

Arcos Dorados Stock Performance

Shares of Arcos Dorados stock traded down $0.11 during trading on Friday, hitting $8.14. 911,089 shares of the stock were exchanged, compared to its average volume of 1,312,932. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.57 and a current ratio of 0.63. Arcos Dorados Holdings Inc. has a 12 month low of $7.02 and a 12 month high of $11.49. The stock's fifty day moving average is $7.97 and its 200 day moving average is $8.24. The stock has a market cap of $1.71 billion, a PE ratio of 11.62 and a beta of 1.09.

Arcos Dorados (NYSE:ARCO - Get Free Report) last posted its earnings results on Wednesday, March 12th. The restaurant operator reported $0.28 EPS for the quarter, topping the consensus estimate of $0.22 by $0.06. The firm had revenue of $1.14 billion during the quarter, compared to analysts' expectations of $1.15 billion. Arcos Dorados had a net margin of 3.25% and a return on equity of 29.74%. As a group, sell-side analysts anticipate that Arcos Dorados Holdings Inc. will post 0.63 EPS for the current year.

Arcos Dorados Announces Dividend

The firm also recently announced 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. This represents a $0.24 annualized dividend and a yield of 2.95%. The ex-dividend date is Monday, December 22nd. Arcos Dorados's dividend payout ratio is currently 33.33%.

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.