PDT Partners LLC Purchases 205,269 Shares of Arcos Dorados Holdings Inc. (NYSE:ARCO)

PDT Partners LLC lifted its position in Arcos Dorados Holdings Inc. (NYSE:ARCO - Free Report) by 237.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 291,558 shares of the restaurant operator's stock after buying an additional 205,269 shares during the quarter. PDT Partners LLC owned about 0.14% of Arcos Dorados worth $2,123,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Boothbay Fund Management LLC raised its holdings in Arcos Dorados by 27.0% during the fourth quarter. Boothbay Fund Management LLC now owns 19,761 shares of the restaurant operator's stock valued at $144,000 after buying an additional 4,201 shares in the last quarter. Hancock Whitney Corp bought a new position in shares of Arcos Dorados in the 4th quarter valued at approximately $194,000. Price T Rowe Associates Inc. MD lifted its holdings in Arcos Dorados by 40.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,463,466 shares of the restaurant operator's stock worth $98,015,000 after purchasing an additional 3,851,704 shares during the last quarter. Stifel Financial Corp boosted its position in Arcos Dorados by 8.0% during the fourth quarter. Stifel Financial Corp now owns 59,414 shares of the restaurant operator's stock worth $433,000 after purchasing an additional 4,407 shares during the period. Finally, Freedom Investment Management Inc. grew its holdings in Arcos Dorados by 10.6% during the fourth quarter. Freedom Investment Management Inc. now owns 35,689 shares of the restaurant operator's stock valued at $260,000 after purchasing an additional 3,427 shares during the last quarter. Institutional investors and hedge funds own 55.91% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Arcos Dorados from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th.

Arcos Dorados Stock Performance

Shares of Arcos Dorados stock traded up $0.14 during trading on Friday, reaching $7.69. The company's stock had a trading volume of 761,629 shares, compared to its average volume of 1,397,629. The business's fifty day moving average price is $7.71 and its 200-day moving average price is $7.96. Arcos Dorados Holdings Inc. has a one year low of $6.66 and a one year high of $11.49. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 10.99 and a beta of 0.69. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.57 and a current ratio of 0.63.

Arcos Dorados (NYSE:ARCO - Get Free Report) last issued its quarterly earnings results on Wednesday, March 12th. The restaurant operator reported $0.28 EPS for the quarter, topping analysts' consensus estimates of $0.22 by $0.06. The company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.15 billion. Arcos Dorados had a return on equity of 29.74% and a net margin of 3.25%. As a group, equities research analysts predict that Arcos Dorados Holdings Inc. will post 0.63 earnings per share for the current year.

Arcos Dorados Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Monday, December 22nd will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date is Monday, December 22nd. Arcos Dorados's dividend payout ratio (DPR) is presently 33.33%.

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.