Arcos Dorados Holdings Inc. (NYSE:ARCO) Shares Sold by Emeth Value Capital LLC

Emeth Value Capital LLC lowered its holdings in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO - Free Report) by 9.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,391,605 shares of the restaurant operator's stock after selling 145,445 shares during the quarter. Arcos Dorados makes up 10.0% of Emeth Value Capital LLC's holdings, making the stock its 5th largest position. Emeth Value Capital LLC owned about 0.66% of Arcos Dorados worth $11,216,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. O Keefe Stevens Advisory Inc. boosted its position in Arcos Dorados by 0.4% during the first quarter. O Keefe Stevens Advisory Inc. now owns 506,247 shares of the restaurant operator's stock worth $4,080,000 after purchasing an additional 2,058 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in Arcos Dorados by 53.2% during the fourth quarter. Public Employees Retirement System of Ohio now owns 289,153 shares of the restaurant operator's stock worth $2,105,000 after purchasing an additional 100,461 shares in the last quarter. PharVision Advisers LLC purchased a new position in Arcos Dorados during the fourth quarter worth approximately $350,000. Voloridge Investment Management LLC raised its holdings in shares of Arcos Dorados by 3.6% during the fourth quarter. Voloridge Investment Management LLC now owns 900,088 shares of the restaurant operator's stock valued at $6,553,000 after acquiring an additional 31,010 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new position in shares of Arcos Dorados during the fourth quarter valued at approximately $223,000. Hedge funds and other institutional investors own 55.91% of the company's stock.

Arcos Dorados Price Performance

Shares of Arcos Dorados stock traded down $0.07 during mid-day trading on Friday, reaching $7.56. 1,444,137 shares of the stock traded hands, compared to its average volume of 1,384,128. The business has a 50-day moving average of $7.56 and a 200 day moving average of $7.69. Arcos Dorados Holdings Inc. has a fifty-two week low of $6.66 and a fifty-two 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 announced its earnings results on Wednesday, May 14th. The restaurant operator reported $0.07 EPS for the quarter, missing analysts' consensus estimates of $0.13 by ($0.06). Arcos Dorados had a net margin of 3.00% and a return on equity of 26.70%. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the previous year, the company earned $0.14 EPS. Arcos Dorados's revenue was down .4% compared to the same quarter last year. On average, analysts predict that Arcos Dorados Holdings Inc. will post 0.63 EPS for the current year.

Arcos Dorados Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, June 27th. Investors of record on Wednesday, June 25th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Tuesday, June 24th. This represents a dividend yield of 3.13%. Arcos Dorados's dividend payout ratio is presently 36.92%.

Analyst Ratings Changes

Separately, Wall Street Zen cut Arcos Dorados from a "buy" rating to a "hold" rating in a report 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.