Two Sigma Advisers LP Trims Stock Position in Arcos Dorados Holdings Inc. (NYSE:ARCO)

Two Sigma Advisers LP decreased its position in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO - Free Report) by 60.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 150,871 shares of the restaurant operator's stock after selling 232,063 shares during the quarter. Two Sigma Advisers LP owned approximately 0.07% of Arcos Dorados worth $1,098,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Arcos Dorados by 11.7% during the 4th quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 519,496 shares of the restaurant operator's stock valued at $3,782,000 after buying an additional 54,225 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Arcos Dorados by 96.0% during the 4th 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 during the period. Janus Henderson Group PLC bought a new stake in shares of Arcos Dorados in the fourth quarter valued at about $146,000. Eschler Asset Management LLP lifted its position in shares of Arcos Dorados by 50.0% in the 4th quarter. Eschler Asset Management LLP now owns 112,516 shares of the restaurant operator's stock worth $819,000 after purchasing an additional 37,516 shares during the period. Finally, D. E. Shaw & Co. Inc. boosted its position in Arcos Dorados by 121.7% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 22,253 shares of the restaurant operator's stock valued at $162,000 after acquiring an additional 12,217 shares in the last quarter. 55.91% of the stock is owned by hedge funds and other institutional investors.

Arcos Dorados Price Performance

ARCO traded down $0.02 during trading on Wednesday, hitting $7.34. The company's stock had a trading volume of 1,381,216 shares, compared to its average volume of 1,412,763. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of 10.49 and a beta of 0.65. The business's fifty day simple moving average is $7.52 and its 200 day simple moving average is $7.76. 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 Holdings Inc. has a twelve month low of $6.66 and a twelve month high of $10.55.

Arcos Dorados (NYSE:ARCO - Get Free Report) last posted its quarterly earnings results on Wednesday, May 14th. The restaurant operator reported $0.07 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 period in the prior year, the business posted $0.14 EPS. Arcos Dorados's revenue for the quarter was down .4% compared to the same quarter last year. On average, equities research analysts forecast that Arcos Dorados Holdings Inc. will post 0.63 EPS for the current fiscal year.

Arcos Dorados Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Monday, December 22nd will be given a $0.06 dividend. The ex-dividend date is Monday, December 22nd. This represents a $0.24 annualized dividend and a yield of 3.27%. Arcos Dorados's dividend payout ratio is presently 36.92%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut shares of 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.