Medina Value Partners LLC Sells 745,257 Shares of Arcos Dorados Holdings Inc. (NYSE:ARCO)

Medina Value Partners LLC lowered its holdings in Arcos Dorados Holdings Inc. (NYSE:ARCO - Free Report) by 62.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 448,183 shares of the restaurant operator's stock after selling 745,257 shares during the quarter. Arcos Dorados makes up about 1.3% of Medina Value Partners LLC's investment portfolio, making the stock its 14th largest holding. Medina Value Partners LLC owned approximately 0.21% of Arcos Dorados worth $3,263,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in ARCO. Assenagon Asset Management S.A. purchased a new position in Arcos Dorados during the 4th quarter valued at $2,051,000. Franklin Resources Inc. purchased a new stake in Arcos Dorados in the third quarter worth about $12,101,000. Diamond Hill Capital Management Inc. grew its holdings in shares of Arcos Dorados by 73.5% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 184,039 shares of the restaurant operator's stock worth $1,340,000 after acquiring an additional 77,958 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Arcos Dorados by 12.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 534,990 shares of the restaurant operator's stock valued at $3,895,000 after purchasing an additional 58,453 shares in the last quarter. Finally, Fidelis Capital Partners LLC bought a new stake in shares of Arcos Dorados during the fourth quarter valued at approximately $380,000. 55.91% of the stock is owned by hedge funds and other institutional investors.

Arcos Dorados Stock Performance

NYSE:ARCO traded up $0.14 during mid-day trading on Tuesday, reaching $7.50. The company's stock had a trading volume of 347,361 shares, compared to its average volume of 1,387,719. The firm's fifty day moving average price is $7.85 and its two-hundred day moving average price is $8.06. 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 stock has a market cap of $1.58 billion, a P/E ratio of 10.72 and a beta of 0.69. Arcos Dorados Holdings Inc. has a 12-month low of $6.66 and a 12-month high of $11.49.

Arcos Dorados (NYSE:ARCO - Get Free Report) last announced its quarterly earnings data on Wednesday, March 12th. The restaurant operator reported $0.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.22 by $0.06. Arcos Dorados had a net margin of 3.25% and a return on equity of 29.74%. The firm had revenue of $1.14 billion during the quarter, compared to analysts' expectations of $1.15 billion. On average, equities analysts forecast that Arcos Dorados Holdings Inc. will post 0.63 EPS for the current fiscal year.

Arcos Dorados Dividend Announcement

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 paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 3.20%. The ex-dividend date is Monday, December 22nd. Arcos Dorados's dividend payout ratio (DPR) is presently 33.33%.

Analyst Ratings Changes

Separately, StockNews.com cut shares of 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.