Moerus Capital Management LLC Raises Holdings in Arcos Dorados Holdings Inc. (NYSE:ARCO)

Moerus Capital Management LLC increased its position in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO - Free Report) by 11.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,122,675 shares of the restaurant operator's stock after purchasing an additional 210,133 shares during the quarter. Arcos Dorados makes up about 5.6% of Moerus Capital Management LLC's holdings, making the stock its 7th biggest position. Moerus Capital Management LLC owned approximately 1.01% of Arcos Dorados worth $15,453,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Spire Wealth Management boosted its holdings in shares of Arcos Dorados by 27.2% in the fourth quarter. Spire Wealth Management now owns 7,210 shares of the restaurant operator's stock worth $52,000 after acquiring an additional 1,540 shares during the period. R Squared Ltd bought a new position in Arcos Dorados in the 4th quarter worth about $54,000. Sanctuary Advisors LLC purchased a new position in Arcos Dorados during the 4th quarter valued at about $90,000. Quarry LP increased its position in shares of Arcos Dorados by 273.6% during the third quarter. Quarry LP now owns 12,102 shares of the restaurant operator's stock valued at $106,000 after buying an additional 8,863 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Arcos Dorados by 17.5% in the fourth quarter. Bank of New York Mellon Corp now owns 12,272 shares of the restaurant operator's stock worth $89,000 after buying an additional 1,830 shares in the last quarter. 55.91% of the stock is owned by institutional investors.

Remove Ads

Arcos Dorados Price Performance

Shares of ARCO traded up $0.20 during trading hours on Friday, reaching $7.26. 1,169,584 shares of the company's stock traded hands, compared to its average volume of 1,364,729. 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 firm's 50 day simple moving average is $7.96 and its 200-day simple moving average is $8.16. The stock has a market cap of $1.53 billion, a PE ratio of 10.36 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 posted its quarterly earnings data on Wednesday, March 12th. The restaurant operator reported $0.28 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $1.15 billion. Equities analysts expect that Arcos Dorados Holdings Inc. will post 0.63 EPS for the current year.

Arcos Dorados Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Monday, December 22nd will be paid a $0.06 dividend. 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 3.31%. Arcos Dorados's dividend payout ratio (DPR) is 33.33%.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Arcos Dorados from a "buy" rating to a "hold" rating in a research report on Wednesday, March 26th.

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.