Arcos Dorados Holdings Inc. (NYSE:ARCO) Shares Bought by Acorn Financial Advisory Services Inc. ADV

Acorn Financial Advisory Services Inc. ADV grew its holdings in Arcos Dorados Holdings Inc. (NYSE:ARCO - Free Report) by 31.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 204,339 shares of the restaurant operator's stock after buying an additional 48,614 shares during the quarter. Acorn Financial Advisory Services Inc. ADV owned 0.10% of Arcos Dorados worth $1,488,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Spire Wealth Management raised its position 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 valued at $52,000 after buying an additional 1,540 shares during the last quarter. R Squared Ltd purchased a new position in Arcos Dorados in the 4th quarter worth approximately $54,000. Sanctuary Advisors LLC acquired a new position in shares of Arcos Dorados during the 4th quarter worth approximately $90,000. Bank of New York Mellon Corp grew 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 purchasing an additional 1,830 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of Arcos Dorados in the fourth quarter valued at approximately $90,000. 55.91% of the stock is owned by institutional investors and hedge funds.

Arcos Dorados Trading Up 0.6 %

Shares of NYSE ARCO traded up $0.05 during midday trading on Wednesday, reaching $7.95. 204,872 shares of the stock were exchanged, compared to its average volume of 1,389,596. Arcos Dorados Holdings Inc. has a twelve month low of $6.66 and a twelve month high of $11.41. The stock has a market capitalization of $1.67 billion, a P/E ratio of 11.35 and a beta of 0.65. The company has a 50 day simple moving average of $7.71 and a 200 day simple moving average of $7.92. 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 (NYSE:ARCO - Get Free Report) last posted its earnings results on Wednesday, March 12th. The restaurant operator reported $0.28 EPS for the quarter, beating analysts' consensus estimates of $0.22 by $0.06. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.15 billion. Arcos Dorados had a return on equity of 29.74% and a net margin of 3.25%. As a group, equities analysts expect that Arcos Dorados Holdings Inc. will post 0.63 earnings per share for the current year.

Arcos Dorados Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Monday, December 22nd will be issued a $0.06 dividend. The ex-dividend date is Monday, December 22nd. This represents a $0.24 annualized dividend and a dividend yield of 3.02%. Arcos Dorados's dividend payout ratio is currently 33.33%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Arcos Dorados from a "buy" rating to a "hold" rating in a research note 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.