Arcos Dorados (NYSE:ARCO) Sees Strong Trading Volume

Shares of Arcos Dorados Holdings Inc. (NYSE:ARCO - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 1,722,723 shares traded hands during mid-day trading, an increase of 68% from the previous session's volume of 1,023,778 shares.The stock last traded at $10.79 and had previously closed at $10.63.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Arcos Dorados from a "buy" rating to a "hold" rating in a research note on Thursday. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, Arcos Dorados has a consensus rating of "Moderate Buy" and an average target price of $13.38.

Arcos Dorados Price Performance

The stock has a market cap of $2.28 billion, a price-to-earnings ratio of 12.74, a P/E/G ratio of 0.88 and a beta of 1.26. The company has a 50 day simple moving average of $11.63 and a 200-day simple moving average of $11.21. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 1.38.

Arcos Dorados (NYSE:ARCO - Get Free Report) last announced its quarterly earnings data on Wednesday, March 13th. The restaurant operator reported $0.27 earnings per share for the quarter. The company had revenue of $1.16 billion during the quarter. Arcos Dorados had a return on equity of 43.72% and a net margin of 4.18%. Research analysts expect that Arcos Dorados Holdings Inc. will post 0.95 EPS for the current year.

Arcos Dorados Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 23rd will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 2.22%. The ex-dividend date is Monday, December 23rd. Arcos Dorados's payout ratio is 28.24%.

Hedge Funds Weigh In On Arcos Dorados

Hedge funds have recently modified their holdings of the stock. Advisor Group Holdings Inc. grew its holdings in Arcos Dorados by 64.3% during the first quarter. Advisor Group Holdings Inc. now owns 28,831 shares of the restaurant operator's stock worth $235,000 after purchasing an additional 11,288 shares during the period. XTX Topco Ltd acquired a new stake in Arcos Dorados during the first quarter worth approximately $209,000. Renaissance Technologies LLC acquired a new stake in Arcos Dorados during the first quarter worth approximately $2,946,000. UBS Group AG lifted its position in Arcos Dorados by 925.1% during the first quarter. UBS Group AG now owns 320,597 shares of the restaurant operator's stock worth $2,606,000 after acquiring an additional 289,323 shares during the last quarter. Finally, Invesco Ltd. lifted its position in Arcos Dorados by 12.5% during the first quarter. Invesco Ltd. now owns 21,962,867 shares of the restaurant operator's stock worth $178,559,000 after acquiring an additional 2,435,111 shares during the last quarter. Institutional investors own 55.91% of the company's stock.

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.