Handelsbanken Fonder AB Has $2.43 Million Stock Holdings in Arcos Dorados Holdings Inc. (NYSE:ARCO)

Handelsbanken Fonder AB lowered its holdings in Arcos Dorados Holdings Inc. (NYSE:ARCO - Free Report) by 30.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 300,928 shares of the restaurant operator's stock after selling 131,402 shares during the period. Handelsbanken Fonder AB owned about 0.14% of Arcos Dorados worth $2,425,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Diamond Hill Capital Management Inc. grew its position in Arcos Dorados by 73.5% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 184,039 shares of the restaurant operator's stock valued at $1,340,000 after purchasing an additional 77,958 shares in the last quarter. Jane Street Group LLC grew its position in shares of Arcos Dorados by 156.6% in the 4th quarter. Jane Street Group LLC now owns 195,751 shares of the restaurant operator's stock valued at $1,425,000 after acquiring an additional 119,477 shares during the period. Franklin Resources Inc. grew its position in shares of Arcos Dorados by 88.1% in the 4th quarter. Franklin Resources Inc. now owns 2,611,023 shares of the restaurant operator's stock valued at $19,008,000 after acquiring an additional 1,223,260 shares during the period. Dodge & Cox bought a new position in shares of Arcos Dorados in the 4th quarter valued at about $772,000. Finally, Fidelis Capital Partners LLC bought a new position in shares of Arcos Dorados in the 4th quarter valued at about $380,000. Institutional investors own 55.91% of the company's stock.

Arcos Dorados Stock Performance

Shares of ARCO traded down $0.02 during midday trading on Friday, reaching $7.58. The stock had a trading volume of 1,680,108 shares, compared to its average volume of 1,390,659. The firm has a 50 day simple moving average of $7.50 and a 200-day simple moving average of $7.71. Arcos Dorados Holdings Inc. has a one year low of $6.66 and a one year high of $10.55. The firm has a market cap of $1.60 billion, a PE ratio of 10.83 and a beta of 0.62. The company has a current ratio of 0.63, a quick ratio of 0.57 and a debt-to-equity ratio of 1.40.

Arcos Dorados (NYSE:ARCO - Get Free Report) last announced its quarterly earnings data 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 3.25% and a return on equity of 29.74%. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period last year, the business earned $0.14 EPS. The business's revenue was down .4% on a year-over-year basis. As a group, sell-side analysts anticipate that Arcos Dorados Holdings Inc. will post 0.63 EPS for the current year.

Analyst Ratings Changes

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

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.