Arcos Dorados Holdings Inc. (NYSE:ARCO - Get Free Report) shares saw strong trading volume on Friday following a dividend announcement from the company. 1,985,391 shares were traded during trading, an increase of 54% from the previous session's volume of 1,285,258 shares.The stock last traded at $8.27 and had previously closed at $7.92.
The newly announced dividend which will be paid on Friday, December 26th. Investors of record on Monday, December 22nd will be paid 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 dividend yield of 2.91%. Arcos Dorados's payout ratio is 34.29%.
Arcos Dorados Stock Performance
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 company has a market capitalization of $1.74 billion, a P/E ratio of 11.78 and a beta of 1.09. The business has a 50 day moving average of $7.82 and a 200-day moving average of $8.27.
Arcos Dorados (NYSE:ARCO - Get Free Report) last released 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 for the quarter, compared to analyst estimates of $1.15 billion. On average, sell-side analysts predict that Arcos Dorados Holdings Inc. will post 0.63 EPS for the current fiscal year.
Hedge Funds Weigh In On Arcos Dorados
A number of institutional investors have recently added to or reduced their stakes in ARCO. Price T Rowe Associates Inc. MD increased its stake in Arcos Dorados by 40.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,463,466 shares of the restaurant operator's stock worth $98,015,000 after acquiring an additional 3,851,704 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Arcos Dorados by 96.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,280,985 shares of the restaurant operator's stock worth $23,886,000 after purchasing an additional 1,606,821 shares in the last quarter. Emeth Value Capital LLC purchased a new position in shares of Arcos Dorados in the 4th quarter worth about $11,190,000. Franklin Resources Inc. purchased a new position in shares of Arcos Dorados in the 3rd quarter worth about $12,101,000. Finally, Managed Asset Portfolios LLC purchased a new position in shares of Arcos Dorados in the 3rd quarter worth about $7,389,000. 55.91% of the stock is currently owned by institutional investors.
About Arcos Dorados
(
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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.
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