ExodusPoint Capital Management LP Reduces Stock Holdings in Arcos Dorados Holdings Inc. (NYSE:ARCO)

ExodusPoint Capital Management LP trimmed its stake in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO - Free Report) by 86.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 59,600 shares of the restaurant operator's stock after selling 369,051 shares during the period. ExodusPoint Capital Management LP's holdings in Arcos Dorados were worth $434,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Stifel Financial Corp increased its holdings in shares of Arcos Dorados by 18.8% during the 3rd quarter. Stifel Financial Corp now owns 55,007 shares of the restaurant operator's stock valued at $480,000 after purchasing an additional 8,690 shares in the last quarter. Jane Street Group LLC grew its position in shares of Arcos Dorados by 95.9% during the 3rd quarter. Jane Street Group LLC now owns 76,274 shares of the restaurant operator's stock valued at $665,000 after acquiring an additional 37,341 shares during the period. XTX Topco Ltd increased its stake in shares of Arcos Dorados by 37.5% in the 3rd quarter. XTX Topco Ltd now owns 61,669 shares of the restaurant operator's stock valued at $538,000 after purchasing an additional 16,826 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in Arcos Dorados in the 3rd quarter worth about $1,645,000. Finally, Franklin Resources Inc. purchased a new position in Arcos Dorados during the third quarter worth approximately $12,101,000. 55.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Arcos Dorados Price Performance

ARCO stock traded up $0.45 during trading on Friday, hitting $7.46. The stock had a trading volume of 6,248,549 shares, compared to its average volume of 1,380,683. The company's 50-day moving average price is $7.89 and its two-hundred day moving average price is $8.12. Arcos Dorados Holdings Inc. has a twelve month low of $6.66 and a twelve month high of $11.49. The stock has a market capitalization of $1.57 billion, a P/E ratio of 10.65 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 announced its earnings results on Wednesday, March 12th. The restaurant operator reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.06. The company had revenue of $1.14 billion for the quarter, compared to analysts' expectations of $1.15 billion. Arcos Dorados had a net margin of 3.25% and a return on equity of 29.74%. As a group, research analysts predict that Arcos Dorados Holdings Inc. will post 0.63 EPS for the current fiscal year.

Arcos Dorados Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Stockholders 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 3.22%. Arcos Dorados's dividend payout ratio (DPR) is presently 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.