Perpetual Ltd Trims Stock Holdings in Arcos Dorados Holdings Inc. (NYSE:ARCO)

Perpetual Ltd reduced its holdings in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO - Free Report) by 5.0% in the first quarter, according to its most recent filing with the SEC. The fund owned 1,678,014 shares of the restaurant operator's stock after selling 88,000 shares during the period. Perpetual Ltd owned about 0.80% of Arcos Dorados worth $13,525,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD grew its stake in Arcos Dorados by 40.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,463,466 shares of the restaurant operator's stock worth $98,015,000 after acquiring an additional 3,851,704 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Arcos Dorados by 96.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,280,985 shares of the restaurant operator's stock worth $23,886,000 after purchasing an additional 1,606,821 shares in the last quarter. Franklin Resources Inc. grew its stake in Arcos Dorados by 88.1% in the fourth quarter. Franklin Resources Inc. now owns 2,611,023 shares of the restaurant operator's stock worth $19,008,000 after purchasing an additional 1,223,260 shares in the last quarter. Moerus Capital Management LLC increased its holdings in Arcos Dorados by 11.0% during the 4th quarter. Moerus Capital Management LLC now owns 2,122,675 shares of the restaurant operator's stock worth $15,453,000 after purchasing an additional 210,133 shares during the period. Finally, Voloridge Investment Management LLC raised its position in Arcos Dorados by 3.6% during the 4th quarter. Voloridge Investment Management LLC now owns 900,088 shares of the restaurant operator's stock valued at $6,553,000 after purchasing an additional 31,010 shares in the last quarter. Hedge funds and other institutional investors own 55.91% of the company's stock.

Wall Street Analysts Forecast Growth

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

Arcos Dorados Trading Up 0.8%

NYSE ARCO opened at $7.79 on Friday. Arcos Dorados Holdings Inc. has a one year low of $6.66 and a one year 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 capitalization of $1.64 billion, a price-to-earnings ratio of 11.98 and a beta of 0.62. The company's 50-day simple moving average is $7.60 and its two-hundred day simple moving average is $7.68.

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). The business had revenue of $1.08 billion for the quarter, compared to analysts' expectations of $1.02 billion. Arcos Dorados had a net margin of 3.00% and a return on equity of 26.70%. The business's quarterly revenue was down .4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.14 earnings per share. Equities analysts forecast that Arcos Dorados Holdings Inc. will post 0.63 EPS for the current fiscal year.

Arcos Dorados Cuts Dividend

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

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.

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