Arcos Dorados Holdings Inc. (NYSE:ARCO) Shares Bought by Perpetual Ltd

Perpetual Ltd grew its holdings in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO - Free Report) by 7.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,766,014 shares of the restaurant operator's stock after purchasing an additional 129,544 shares during the quarter. Perpetual Ltd owned approximately 0.84% of Arcos Dorados worth $12,857,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Bank of New York Mellon Corp acquired a new stake in shares of Arcos Dorados in the second quarter valued at approximately $93,000. Envestnet Asset Management Inc. grew its holdings in Arcos Dorados by 3.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 193,017 shares of the restaurant operator's stock valued at $1,737,000 after buying an additional 5,917 shares in the last quarter. XTX Topco Ltd increased its stake in shares of Arcos Dorados by 54.9% in the 2nd quarter. XTX Topco Ltd now owns 44,843 shares of the restaurant operator's stock worth $404,000 after acquiring an additional 15,888 shares during the last quarter. Magnetar Financial LLC purchased a new position in shares of Arcos Dorados during the 2nd quarter worth $150,000. Finally, Marshall Wace LLP acquired a new position in shares of Arcos Dorados during the 2nd quarter valued at about $7,128,000. Hedge funds and other institutional investors own 55.91% of the company's stock.

Arcos Dorados Trading Up 1.9 %

Shares of NYSE:ARCO traded up $0.14 during midday trading on Tuesday, reaching $7.29. 1,118,274 shares of the company's stock were exchanged, compared to its average volume of 1,244,172. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of 10.41 and a beta of 1.13. Arcos Dorados Holdings Inc. has a fifty-two week low of $7.02 and a fifty-two week high of $13.20. The firm's 50 day simple moving average is $7.82 and its two-hundred day simple moving average is $8.68. 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 (NYSE:ARCO - Get Free Report) last posted its earnings results on Wednesday, November 13th. The restaurant operator reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.01. Arcos Dorados had a net margin of 3.25% and a return on equity of 29.74%. The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter last year, the firm earned $0.30 EPS. The firm's revenue for the quarter was up .8% on a year-over-year basis. As a group, sell-side analysts forecast that Arcos Dorados Holdings Inc. will post 0.61 EPS for the current fiscal year.

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.