PharVision Advisers LLC Makes New $350,000 Investment in Arcos Dorados Holdings Inc. (NYSE:ARCO)

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

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Spire Wealth Management grew its position in Arcos Dorados by 27.2% in 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 in the last quarter. R Squared Ltd bought a new stake in Arcos Dorados during the fourth quarter worth about $54,000. Sanctuary Advisors LLC bought a new stake in Arcos Dorados during the fourth quarter worth about $90,000. Bank of New York Mellon Corp boosted its holdings in shares of Arcos Dorados by 17.5% in the 4th quarter. Bank of New York Mellon Corp now owns 12,272 shares of the restaurant operator's stock worth $89,000 after purchasing an additional 1,830 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in shares of Arcos Dorados during the 4th quarter valued at about $90,000. Hedge funds and other institutional investors own 55.91% of the company's stock.

Arcos Dorados Trading Down 1.7%

ARCO stock opened at $7.39 on Thursday. The company has a market capitalization of $1.56 billion, a PE ratio of 10.56 and a beta of 0.65. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.57 and a current ratio of 0.63. Arcos Dorados Holdings Inc. has a one year low of $6.66 and a one year high of $10.55. The company's 50 day moving average price is $7.68 and its two-hundred day moving average price is $7.84.

Arcos Dorados (NYSE:ARCO - Get Free Report) last issued its earnings results on Wednesday, May 14th. The restaurant operator reported $0.07 EPS for the quarter, missing analysts' consensus estimates of $0.13 by ($0.06). The business had revenue of $1.08 billion during the quarter, compared to analysts' expectations of $1.02 billion. Arcos Dorados had a return on equity of 29.74% and a net margin of 3.25%. Arcos Dorados's revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.14 EPS. 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Monday, December 22nd will be issued a $0.06 dividend. The ex-dividend date is Monday, December 22nd. This represents a $0.24 annualized dividend and a dividend yield of 3.25%. Arcos Dorados's dividend payout ratio is currently 36.92%.

Analysts Set New Price Targets

Separately, StockNews.com cut 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.

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