Arcos Dorados Holdings Inc. (NYSE:ARCO) Holdings Decreased by Redwood Investments LLC

Redwood Investments LLC reduced its stake in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO - Free Report) by 95.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,438 shares of the restaurant operator's stock after selling 412,063 shares during the period. Redwood Investments LLC's holdings in Arcos Dorados were worth $149,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Spire Wealth Management boosted its holdings in Arcos Dorados by 27.2% in the fourth quarter. Spire Wealth Management now owns 7,210 shares of the restaurant operator's stock worth $52,000 after purchasing an additional 1,540 shares during the period. R Squared Ltd acquired a new position in Arcos Dorados in the fourth quarter worth $54,000. Sanctuary Advisors LLC acquired a new position in Arcos Dorados in the fourth quarter worth $90,000. Bank of New York Mellon Corp boosted its holdings in 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 worth $89,000 after purchasing an additional 1,830 shares during the period. Finally, Virtu Financial LLC acquired a new position in Arcos Dorados in the fourth quarter worth $90,000. Institutional investors own 55.91% of the company's stock.

Arcos Dorados Stock Performance

Arcos Dorados stock traded up $0.16 during mid-day trading on Friday, reaching $7.56. The company's stock had a trading volume of 1,778,727 shares, compared to its average volume of 1,416,511. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of 10.79 and a beta of 0.65. The business has a 50 day moving average price of $7.71 and a 200-day moving average price of $7.86. The company has a current ratio of 0.63, a quick ratio of 0.57 and a debt-to-equity ratio of 1.40. Arcos Dorados Holdings Inc. has a twelve month low of $6.66 and a twelve month high of $10.55.

Arcos Dorados (NYSE:ARCO - Get Free Report) last posted its earnings results on Wednesday, May 14th. The restaurant operator reported $0.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.13 by ($0.06). The company had revenue of $1.08 billion during 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%. The business's quarterly revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.14 earnings per share. Sell-side analysts predict that Arcos Dorados Holdings Inc. will post 0.63 EPS for the current fiscal year.

Arcos Dorados Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Monday, December 22nd will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date is Monday, December 22nd. Arcos Dorados's payout ratio is 36.92%.

Wall Street Analyst Weigh In

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

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.