48,055 Shares in Arcos Dorados Holdings Inc. (NYSE:ARCO) Acquired by PharVision Advisers LLC

PharVision Advisers LLC purchased a new position in Arcos Dorados Holdings Inc. (NYSE:ARCO - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 48,055 shares of the restaurant operator's stock, valued at approximately $350,000.

A number of other large investors have also modified their holdings of the stock. Assenagon Asset Management S.A. acquired a new stake in Arcos Dorados in the fourth quarter valued at approximately $2,051,000. Diamond Hill Capital Management Inc. increased its position in shares of Arcos Dorados by 73.5% in the 4th 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 during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Arcos Dorados by 12.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 534,990 shares of the restaurant operator's stock valued at $3,895,000 after purchasing an additional 58,453 shares in the last quarter. Franklin Resources Inc. raised its holdings 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 purchasing an additional 1,223,260 shares in the last quarter. Finally, Dodge & Cox purchased a new stake in shares of Arcos Dorados during the 4th quarter worth $772,000. Hedge funds and other institutional investors own 55.91% of the company's stock.

Arcos Dorados Stock Up 2.2%

ARCO stock traded up $0.17 during trading on Tuesday, hitting $7.53. 532,775 shares of the company's stock were exchanged, compared to its average volume of 1,411,638. The business has a 50-day moving average price of $7.62 and a two-hundred day moving average price of $7.80. The stock has a market capitalization of $1.59 billion, a price-to-earnings ratio of 10.75 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 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 issued its 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). 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 analyst estimates of $1.02 billion. During the same quarter in the previous year, the company posted $0.14 EPS. The company's quarterly revenue was down .4% on a year-over-year basis. As a group, equities research analysts expect that Arcos Dorados Holdings Inc. will post 0.63 EPS for the current year.

Arcos Dorados Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Monday, December 22nd will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 3.19%. The ex-dividend date is Monday, December 22nd. Arcos Dorados's payout ratio is 36.92%.

Analysts Set New Price Targets

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

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.