Public Employees Retirement System of Ohio Buys 100,461 Shares of Arcos Dorados Holdings Inc. (NYSE:ARCO)

Public Employees Retirement System of Ohio boosted its stake in Arcos Dorados Holdings Inc. (NYSE:ARCO - Free Report) by 53.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 289,153 shares of the restaurant operator's stock after purchasing an additional 100,461 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.14% of Arcos Dorados worth $2,105,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Price T Rowe Associates Inc. MD raised its stake in Arcos Dorados by 40.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,463,466 shares of the restaurant operator's stock valued at $98,015,000 after purchasing an additional 3,851,704 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised 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 valued at $23,886,000 after purchasing an additional 1,606,821 shares in the last quarter. Private Management Group Inc. raised its stake in Arcos Dorados by 34.7% in the fourth quarter. Private Management Group Inc. now owns 3,167,857 shares of the restaurant operator's stock valued at $23,062,000 after purchasing an additional 815,198 shares in the last quarter. Franklin Resources Inc. raised 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 valued at $19,008,000 after purchasing an additional 1,223,260 shares in the last quarter. Finally, Moerus Capital Management LLC grew its position in Arcos Dorados by 11.0% during the fourth quarter. Moerus Capital Management LLC now owns 2,122,675 shares of the restaurant operator's stock valued at $15,453,000 after acquiring an additional 210,133 shares during the last quarter. 55.91% of the stock is owned by hedge funds and other institutional investors.

Arcos Dorados Price Performance

NYSE ARCO traded down $0.09 on Wednesday, reaching $7.27. 560,645 shares of the company's stock traded hands, compared to its average volume of 1,416,163. 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 1.40, a current ratio of 0.63 and a quick ratio of 0.57. The stock has a 50-day simple moving average of $7.53 and a 200 day simple moving average of $7.76. The stock has a market cap of $1.53 billion, a PE ratio of 10.39 and a beta of 0.65.

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 return on equity of 29.74% and a net margin of 3.25%. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the prior year, the business posted $0.14 EPS. The firm's revenue for the quarter was down .4% on a year-over-year basis. As a group, research analysts predict that Arcos Dorados Holdings Inc. will post 0.63 earnings per share for the current year.

Arcos Dorados Dividend Announcement

The company also recently announced 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. This represents a $0.24 annualized dividend and a dividend yield of 3.30%. The ex-dividend date is Monday, December 22nd. Arcos Dorados's dividend payout ratio is 36.92%.

Analysts Set New Price Targets

Separately, Wall Street Zen cut 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.