ExodusPoint Capital Management LP Sells 369,051 Shares of Arcos Dorados Holdings Inc. (NYSE:ARCO)

ExodusPoint Capital Management LP lowered its holdings in Arcos Dorados Holdings Inc. (NYSE:ARCO - Free Report) by 86.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 59,600 shares of the restaurant operator's stock after selling 369,051 shares during the period. ExodusPoint Capital Management LP's holdings in Arcos Dorados were worth $434,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of ARCO. Emeth Value Capital LLC purchased a new stake in Arcos Dorados in the fourth quarter valued at approximately $11,190,000. Franklin Resources Inc. purchased a new stake in shares of Arcos Dorados during the 3rd quarter valued at $12,101,000. Private Management Group Inc. raised its position in shares of Arcos Dorados by 34.7% during the 4th quarter. Private Management Group Inc. now owns 3,167,857 shares of the restaurant operator's stock valued at $23,062,000 after buying an additional 815,198 shares in the last quarter. TimesSquare Capital Management LLC lifted its holdings in shares of Arcos Dorados by 31.6% during the 4th quarter. TimesSquare Capital Management LLC now owns 1,472,490 shares of the restaurant operator's stock worth $10,720,000 after acquiring an additional 353,700 shares during the last quarter. Finally, Assenagon Asset Management S.A. purchased a new position in Arcos Dorados in the fourth quarter worth $2,051,000. Institutional investors own 55.91% of the company's stock.

Arcos Dorados Trading Down 2.4 %

Arcos Dorados stock traded down $0.18 during mid-day trading on Tuesday, hitting $7.12. The company's stock had a trading volume of 1,121,940 shares, compared to its average volume of 1,357,550. The business has a 50 day moving average price of $7.92 and a 200-day moving average price of $8.13. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.63 and a quick ratio of 0.57. Arcos Dorados Holdings Inc. has a 12 month low of $6.66 and a 12 month high of $11.49. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 10.16 and a beta of 0.69.

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Arcos Dorados (NYSE:ARCO - Get Free Report) last issued 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 company 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%. As a group, analysts forecast that Arcos Dorados Holdings Inc. will post 0.63 EPS for the current year.

Arcos Dorados Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Monday, December 22nd will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 3.37%. The ex-dividend date is Monday, December 22nd. Arcos Dorados's dividend payout ratio (DPR) is currently 33.33%.

Wall Street Analysts Forecast Growth

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