Thompson Siegel & Walmsley LLC Acquires 65,800 Shares of Arcos Dorados Holdings Inc. (NYSE:ARCO)

Thompson Siegel & Walmsley LLC raised its holdings in Arcos Dorados Holdings Inc. (NYSE:ARCO - Free Report) by 36.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 244,300 shares of the restaurant operator's stock after buying an additional 65,800 shares during the quarter. Thompson Siegel & Walmsley LLC owned 0.12% of Arcos Dorados worth $1,779,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Spire Wealth Management grew its holdings in shares of Arcos Dorados by 27.2% in the 4th quarter. Spire Wealth Management now owns 7,210 shares of the restaurant operator's stock worth $52,000 after purchasing an additional 1,540 shares during the last quarter. R Squared Ltd acquired a new position in Arcos Dorados during the 4th quarter worth about $54,000. Bank of New York Mellon Corp lifted its position in Arcos Dorados by 17.5% during the 4th 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. Sanctuary Advisors LLC acquired a new position in Arcos Dorados during the 4th quarter worth about $90,000. Finally, Quarry LP lifted its position in Arcos Dorados by 273.6% during the 3rd quarter. Quarry LP now owns 12,102 shares of the restaurant operator's stock worth $106,000 after buying an additional 8,863 shares in the last quarter. Institutional investors own 55.91% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Arcos Dorados from a "hold" rating to a "buy" rating in a research report on Tuesday.

Remove Ads

Arcos Dorados Trading Up 4.4 %

Arcos Dorados stock traded up $0.36 during trading hours on Wednesday, reaching $8.51. 2,704,192 shares of the company's stock traded hands, compared to its average volume of 1,405,688. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.57 and a current ratio of 0.63. Arcos Dorados Holdings Inc. has a fifty-two week low of $7.02 and a fifty-two week high of $11.49. The firm has a market capitalization of $1.79 billion, a price-to-earnings ratio of 12.15 and a beta of 1.09. The firm's 50 day moving average is $7.85 and its 200-day moving average is $8.26.

Arcos Dorados (NYSE:ARCO - Get Free Report) last released its earnings results on Wednesday, March 12th. The restaurant operator reported $0.28 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.15 billion. On average, analysts predict that Arcos Dorados Holdings Inc. will post 0.63 earnings per share for the current year.

Arcos Dorados Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Monday, December 22nd will be given a $0.06 dividend. The ex-dividend date is Monday, December 22nd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.82%. Arcos Dorados's dividend payout ratio is 33.33%.

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.