Boston Partners Purchases 38,293 Shares of Arcos Dorados Holdings Inc. (NYSE:ARCO)

Boston Partners boosted its holdings in Arcos Dorados Holdings Inc. (NYSE:ARCO - Free Report) by 20.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 228,287 shares of the restaurant operator's stock after acquiring an additional 38,293 shares during the quarter. Boston Partners owned about 0.11% of Arcos Dorados worth $1,662,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

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

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Arcos Dorados Stock Down 0.4 %

NYSE:ARCO traded down $0.04 on Wednesday, hitting $8.03. 1,016,115 shares of the company's stock traded hands, compared to its average volume of 1,278,522. The firm has a 50-day moving average price of $7.92 and a 200-day moving average price of $8.24. The company has a current ratio of 0.63, a quick ratio of 0.57 and a debt-to-equity ratio of 1.40. The company has a market cap of $1.69 billion, a PE ratio of 11.46 and a beta of 1.09. Arcos Dorados Holdings Inc. has a 1 year low of $7.02 and a 1 year high of $11.49.

Arcos Dorados (NYSE:ARCO - Get Free Report) last issued its earnings results 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 company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.15 billion. Arcos Dorados had a return on equity of 29.74% and a net margin of 3.25%. Equities analysts anticipate that Arcos Dorados Holdings Inc. will post 0.63 EPS for the current fiscal year.

Arcos Dorados Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Monday, December 22nd will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 2.99%. The ex-dividend date is Monday, December 22nd. Arcos Dorados's payout ratio is 33.33%.

Arcos Dorados Company 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.