OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Holdings in Arcos Dorados Holdings Inc. (NYSE:ARCO)

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Arcos Dorados Holdings Inc. (NYSE:ARCO - Free Report) by 11.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 519,496 shares of the restaurant operator's stock after acquiring an additional 54,225 shares during the period. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.25% of Arcos Dorados worth $3,782,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in ARCO. Assenagon Asset Management S.A. purchased a new stake in shares of Arcos Dorados in the fourth quarter worth approximately $2,051,000. Diamond Hill Capital Management Inc. grew its holdings in Arcos Dorados by 73.5% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 184,039 shares of the restaurant operator's stock valued at $1,340,000 after purchasing an additional 77,958 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in Arcos Dorados by 12.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 534,990 shares of the restaurant operator's stock valued at $3,895,000 after purchasing an additional 58,453 shares during the period. Franklin Resources Inc. grew its holdings in Arcos Dorados by 88.1% during 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 during the period. Finally, Dodge & Cox bought a new position in Arcos Dorados during the fourth quarter valued at $772,000. 55.91% of the stock is currently owned by institutional investors.

Arcos Dorados Price Performance

NYSE:ARCO traded up $0.16 during trading hours on Friday, hitting $7.56. 1,778,727 shares of the company's stock traded hands, compared to its average volume of 1,416,511. The firm has a market cap of $1.59 billion, a P/E ratio of 10.79 and a beta of 0.65. Arcos Dorados Holdings Inc. has a 52 week low of $6.66 and a 52 week high of $10.55. The business's fifty day simple moving average is $7.71 and its two-hundred day simple moving average is $7.86. The company has a quick ratio of 0.57, a current ratio of 0.63 and a debt-to-equity ratio of 1.40.

Arcos Dorados (NYSE:ARCO - Get Free Report) last posted its quarterly earnings data 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). The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.02 billion. Arcos Dorados had a net margin of 3.25% and a return on equity of 29.74%. Arcos Dorados's quarterly revenue was down .4% on a year-over-year basis. During the same period in the prior year, the business posted $0.14 EPS. On average, research analysts anticipate that Arcos Dorados Holdings Inc. will post 0.63 earnings per share for the current fiscal year.

Arcos Dorados Dividend Announcement

The company 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 dividend of $0.06 per share. The ex-dividend date is Monday, December 22nd. This represents a $0.24 dividend on an annualized basis and a yield of 3.18%. Arcos Dorados's payout ratio is 36.92%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered 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.