AlphaCore Capital LLC Reduces Stock Position in Arcos Dorados Holdings Inc. (NYSE:ARCO)

AlphaCore Capital LLC reduced its position in Arcos Dorados Holdings Inc. (NYSE:ARCO - Free Report) by 85.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,424 shares of the restaurant operator's stock after selling 161,744 shares during the quarter. AlphaCore Capital LLC's holdings in Arcos Dorados were worth $200,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in ARCO. Hunter Perkins Capital Management LLC acquired a new position in Arcos Dorados in the fourth quarter valued at approximately $291,000. R Squared Ltd purchased a new stake in shares of Arcos Dorados during the fourth quarter worth approximately $54,000. Emeth Value Capital LLC purchased a new stake in shares of Arcos Dorados during the fourth quarter worth approximately $11,190,000. Inlet Private Wealth LLC grew its holdings in Arcos Dorados by 64.4% during the fourth quarter. Inlet Private Wealth LLC now owns 43,388 shares of the restaurant operator's stock worth $316,000 after acquiring an additional 17,000 shares during the period. Finally, Spire Wealth Management grew 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 acquiring an additional 1,540 shares during the period. Hedge funds and other institutional investors own 55.91% of the company's stock.

Analyst Ratings Changes

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

Arcos Dorados Price Performance

Arcos Dorados stock traded up $0.03 during trading hours on Friday, hitting $7.37. The stock had a trading volume of 456,809 shares, compared to its average volume of 1,414,551. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.63 and a quick ratio of 0.57. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of 10.52 and a beta of 0.65. Arcos Dorados Holdings Inc. has a 1-year low of $6.66 and a 1-year high of $10.55. The stock's fifty day moving average is $7.58 and its two-hundred day moving average is $7.79.

Arcos Dorados (NYSE:ARCO - Get Free Report) last issued its quarterly earnings data 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). Arcos Dorados had a net margin of 3.25% and a return on equity of 29.74%. The company had revenue of $1.08 billion during the quarter, compared to analysts' expectations of $1.02 billion. During the same quarter in the prior year, the company earned $0.14 earnings per share. The firm's revenue was down .4% compared to the same quarter last year. As a group, analysts predict that Arcos Dorados Holdings Inc. will post 0.63 earnings per share for the current fiscal year.

Arcos Dorados Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Monday, December 22nd will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 3.26%. The ex-dividend date of this dividend is Monday, December 22nd. Arcos Dorados's dividend 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.