Arcos Dorados Holdings Inc. (NYSE:ARCO) Stock Position Reduced by Perpetual Ltd

Perpetual Ltd cut its holdings in Arcos Dorados Holdings Inc. (NYSE:ARCO - Free Report) by 5.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,678,014 shares of the restaurant operator's stock after selling 88,000 shares during the quarter. Perpetual Ltd owned about 0.80% of Arcos Dorados worth $13,525,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of ARCO. Bank of New York Mellon Corp lifted its position in shares of Arcos Dorados by 17.5% during the 4th quarter. Bank of New York Mellon Corp now owns 12,272 shares of the restaurant operator's stock valued at $89,000 after acquiring an additional 1,830 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Arcos Dorados in the 4th quarter worth $90,000. Virtu Financial LLC acquired a new stake in shares of Arcos Dorados during the fourth quarter worth $90,000. Quantbot Technologies LP purchased a new stake in shares of Arcos Dorados during the fourth quarter valued at $129,000. Finally, Boothbay Fund Management LLC lifted its holdings in shares of Arcos Dorados by 27.0% during the fourth quarter. Boothbay Fund Management LLC now owns 19,761 shares of the restaurant operator's stock valued at $144,000 after purchasing an additional 4,201 shares during the last quarter. 55.91% of the stock is owned by institutional investors and hedge funds.

Arcos Dorados Trading Up 0.9%

Shares of NYSE:ARCO traded up $0.07 during mid-day trading on Tuesday, hitting $7.96. The stock had a trading volume of 1,351,708 shares, compared to its average volume of 1,400,398. The company's 50 day moving average is $7.62 and its 200-day moving average is $7.67. Arcos Dorados Holdings Inc. has a 12-month low of $6.66 and a 12-month high of $10.55. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.81 and a current ratio of 0.86. The company has a market cap of $1.68 billion, a PE ratio of 12.25 and a beta of 0.63.

Arcos Dorados (NYSE:ARCO - Get Free Report) last released its earnings results on Wednesday, May 14th. The restaurant operator reported $0.07 earnings per share (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 business had revenue of $1.08 billion during the quarter, compared to analysts' expectations of $1.02 billion. During the same quarter in the previous year, the company earned $0.14 EPS. Arcos Dorados's revenue for the quarter was down .4% on a year-over-year basis. On average, sell-side analysts predict that Arcos Dorados Holdings Inc. will post 0.63 EPS for the current year.

Arcos Dorados Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, June 27th. Investors of record on Wednesday, June 25th were paid a $0.06 dividend. This represents a yield of 3.13%. The ex-dividend date of this dividend was Tuesday, June 24th. Arcos Dorados's dividend payout ratio is currently 36.92%.

Analyst Upgrades and Downgrades

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

About Arcos Dorados

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.