Arcos Dorados Holdings Inc. to Issue Dividend of $0.06 (NYSE:ARCO)

Arcos Dorados Holdings Inc. (NYSE:ARCO - Get Free Report) declared a dividend on Wednesday, June 18th, investing.com reports. Investors of record on Wednesday, June 25th will be given a dividend of 0.06 per share by the restaurant operator on Friday, June 27th. This represents a yield of 3.13%. The ex-dividend date of this dividend is Tuesday, June 24th.

Arcos Dorados has a dividend payout ratio of 30.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Arcos Dorados to earn $0.73 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 32.9%.

Arcos Dorados Trading Down 0.9%

Arcos Dorados stock traded down $0.07 during midday trading on Friday, hitting $7.56. 1,444,137 shares of the stock were exchanged, compared to its average volume of 1,384,128. The company has a fifty day simple moving average of $7.56 and a two-hundred day simple moving average of $7.69. Arcos Dorados has a 52 week low of $6.66 and a 52 week high of $10.55. The stock has a market capitalization of $1.59 billion, a PE ratio of 11.62 and a beta of 0.62. The company has a quick ratio of 0.81, a current ratio of 0.86 and a debt-to-equity ratio of 1.80.

Arcos Dorados (NYSE:ARCO - Get Free Report) last released its quarterly earnings data on Wednesday, May 14th. The restaurant operator reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.06). Arcos Dorados had a return on equity of 26.70% and a net margin of 3.00%. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the previous year, the business earned $0.14 EPS. The firm's revenue was down .4% compared to the same quarter last year. Equities research analysts anticipate that Arcos Dorados will post 0.63 EPS for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Arcos Dorados stock. Royal Bank of Canada raised its stake in Arcos Dorados Holdings Inc. (NYSE:ARCO - Free Report) by 23.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 538,925 shares of the restaurant operator's stock after buying an additional 101,301 shares during the quarter. Royal Bank of Canada owned about 0.26% of Arcos Dorados worth $4,344,000 at the end of the most recent reporting period. 55.91% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered shares of Arcos Dorados from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th.

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.