Arcos Dorados Holdings Inc. (NYSE:ARCO) Stake Increased by Jane Street Group LLC

Jane Street Group LLC lifted its holdings in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO - Free Report) by 156.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 195,751 shares of the restaurant operator's stock after buying an additional 119,477 shares during the period. Jane Street Group LLC owned approximately 0.09% of Arcos Dorados worth $1,425,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Spire Wealth Management raised its holdings in Arcos Dorados by 27.2% during the fourth 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 in the last quarter. R Squared Ltd bought a new stake in Arcos Dorados during the fourth quarter worth approximately $54,000. Sanctuary Advisors LLC bought a new stake in Arcos Dorados during the fourth quarter worth approximately $90,000. Bank of New York Mellon Corp raised its holdings in Arcos Dorados by 17.5% during the fourth quarter. Bank of New York Mellon Corp now owns 12,272 shares of the restaurant operator's stock worth $89,000 after purchasing an additional 1,830 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in Arcos Dorados during the fourth quarter worth approximately $90,000. Institutional investors own 55.91% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut Arcos Dorados from a "buy" rating to a "hold" rating in a report on Wednesday, March 26th.

Arcos Dorados Price Performance

Shares of NYSE ARCO traded down $0.02 during trading on Thursday, hitting $7.42. The company had a trading volume of 1,180,265 shares, compared to its average volume of 1,414,860. The company has a market cap of $1.56 billion, a P/E ratio of 10.61 and a beta of 0.65. Arcos Dorados Holdings Inc. has a 52 week low of $6.66 and a 52 week high of $10.55. The business's 50-day moving average is $7.66 and its 200 day moving average is $7.83. 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 quarterly earnings results on Wednesday, May 14th. The restaurant operator reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.06). The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.02 billion. Arcos Dorados had a net margin of 3.25% and a return on equity of 29.74%. Arcos Dorados's quarterly revenue was down .4% on a year-over-year basis. During the same period in the prior year, the company posted $0.14 EPS. Equities research analysts predict that Arcos Dorados Holdings Inc. will post 0.63 earnings per share for the current fiscal year.

Arcos Dorados Announces Dividend

The firm also recently announced 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 of this dividend is Monday, December 22nd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 3.23%. Arcos Dorados's payout ratio is currently 36.92%.

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.