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

PDT Partners LLC raised its position in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO - Free Report) by 237.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 291,558 shares of the restaurant operator's stock after acquiring an additional 205,269 shares during the period. PDT Partners LLC owned approximately 0.14% of Arcos Dorados worth $2,123,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Spire Wealth Management grew its holdings in Arcos Dorados by 27.2% in the 4th quarter. Spire Wealth Management now owns 7,210 shares of the restaurant operator's stock valued at $52,000 after buying an additional 1,540 shares in the last quarter. R Squared Ltd bought a new stake in shares of Arcos Dorados in the fourth quarter valued at about $54,000. Bank of New York Mellon Corp grew its stake in shares of Arcos Dorados by 17.5% in the fourth quarter. Bank of New York Mellon Corp now owns 12,272 shares of the restaurant operator's stock valued at $89,000 after acquiring an additional 1,830 shares in the last quarter. Sanctuary Advisors LLC bought a new position in Arcos Dorados during the fourth quarter worth about $90,000. Finally, Virtu Financial LLC acquired a new stake in Arcos Dorados in the 4th quarter worth about $90,000. Institutional investors and hedge funds own 55.91% of the company's stock.

Arcos Dorados Price Performance

Shares of ARCO traded up $0.11 during trading hours on Monday, hitting $7.80. 131,151 shares of the company were exchanged, compared to its average volume of 1,392,059. The company has a market cap of $1.64 billion, a price-to-earnings ratio of 11.15 and a beta of 0.69. 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 Holdings Inc. has a fifty-two week low of $6.66 and a fifty-two week high of $11.49. The firm's fifty day moving average is $7.71 and its 200 day moving average is $7.93.

Arcos Dorados (NYSE:ARCO - Get Free Report) last released its earnings results on Wednesday, March 12th. The restaurant operator reported $0.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $0.06. The firm had revenue of $1.14 billion for the quarter, compared to analysts' expectations of $1.15 billion. Arcos Dorados had a return on equity of 29.74% and a net margin of 3.25%. On average, equities analysts anticipate that Arcos Dorados Holdings Inc. will post 0.63 earnings per share for the current fiscal year.

Arcos Dorados Announces Dividend

The company also recently announced 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 of this dividend is Monday, December 22nd. This represents a $0.24 annualized dividend and a yield of 3.08%. Arcos Dorados's dividend payout ratio is presently 33.33%.

Analyst Ratings Changes

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

Arcos Dorados Company 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.