Sapient Capital LLC bought a new stake in Arcos Dorados Holdings Inc. (NYSE:ARCO - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 276,801 shares of the restaurant operator's stock, valued at approximately $3,513,000. Sapient Capital LLC owned approximately 0.13% of Arcos Dorados as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Avior Wealth Management LLC increased its holdings in shares of Arcos Dorados by 60.6% during the third quarter. Avior Wealth Management LLC now owns 2,730 shares of the restaurant operator's stock valued at $26,000 after acquiring an additional 1,030 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in Arcos Dorados during the 2nd quarter worth approximately $32,000. Quarry LP increased its stake in Arcos Dorados by 607.6% during the 1st quarter. Quarry LP now owns 4,260 shares of the restaurant operator's stock valued at $33,000 after purchasing an additional 3,658 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Arcos Dorados by 256.2% in the first quarter. Tower Research Capital LLC TRC now owns 6,640 shares of the restaurant operator's stock worth $51,000 after buying an additional 4,776 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its stake in shares of Arcos Dorados by 34.9% during the fourth quarter. Wells Fargo & Company MN now owns 7,358 shares of the restaurant operator's stock worth $62,000 after buying an additional 1,902 shares during the period. 55.91% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Separately, StockNews.com lowered Arcos Dorados from a "buy" rating to a "hold" rating in a research note on Thursday, April 4th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Arcos Dorados has an average rating of "Moderate Buy" and an average price target of $13.38.
Check Out Our Latest Stock Report on Arcos Dorados
Arcos Dorados Stock Performance
ARCO traded down $0.23 during trading on Friday, reaching $11.01. 2,202,600 shares of the company's stock were exchanged, compared to its average volume of 1,074,661. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.72 and a quick ratio of 0.66. Arcos Dorados Holdings Inc. has a 1 year low of $7.44 and a 1 year high of $13.20. The company's fifty day simple moving average is $11.51 and its 200-day simple moving average is $11.23. The stock has a market capitalization of $2.32 billion, a P/E ratio of 13.22, a price-to-earnings-growth ratio of 0.93 and a beta of 1.26.
Arcos Dorados (NYSE:ARCO - Get Free Report) last issued its earnings results on Wednesday, March 13th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter. Arcos Dorados had a net margin of 4.18% and a return on equity of 43.72%. The firm had revenue of $1.16 billion during the quarter. As a group, research analysts predict that Arcos Dorados Holdings Inc. will post 0.95 earnings per share for the current fiscal year.
Arcos Dorados Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 23rd will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 2.18%. The ex-dividend date of this dividend is Monday, December 23rd. Arcos Dorados's dividend payout ratio (DPR) is 28.24%.
Arcos Dorados Company Profile
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Free Report)
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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