Price T Rowe Associates Inc. MD Has $98.02 Million Stock Position in Arcos Dorados Holdings Inc. (NYSE:ARCO)

Price T Rowe Associates Inc. MD grew its holdings in Arcos Dorados Holdings Inc. (NYSE:ARCO - Free Report) by 40.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,463,466 shares of the restaurant operator's stock after purchasing an additional 3,851,704 shares during the period. Price T Rowe Associates Inc. MD owned about 6.39% of Arcos Dorados worth $98,015,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ARCO. Spire Wealth Management grew its position in Arcos Dorados by 27.2% in the fourth quarter. Spire Wealth Management now owns 7,210 shares of the restaurant operator's stock valued at $52,000 after purchasing an additional 1,540 shares in the last quarter. R Squared Ltd acquired a new position in shares of Arcos Dorados during the 4th quarter worth about $54,000. Sanctuary Advisors LLC bought a new position in shares of Arcos Dorados in the 4th quarter valued at about $90,000. Bank of New York Mellon Corp increased its position 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 valued at $89,000 after acquiring an additional 1,830 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of Arcos Dorados in the fourth quarter valued at about $90,000. 55.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Arcos Dorados Stock Performance

Shares of ARCO stock opened at $7.57 on Monday. The company has a fifty day moving average price of $7.78 and a two-hundred day moving average price of $8.01. Arcos Dorados Holdings Inc. has a one year low of $6.66 and a one year high of $11.49. The stock has a market cap of $1.59 billion, a P/E ratio of 10.81 and a beta of 0.69. 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 issued its earnings results on Wednesday, March 12th. The restaurant operator reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.06. The business had revenue of $1.14 billion during 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, equities analysts predict that Arcos Dorados Holdings Inc. will post 0.63 EPS for the current year.

Arcos Dorados Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Monday, December 22nd will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 3.17%. The ex-dividend date is Monday, December 22nd. Arcos Dorados's dividend 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.

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