Arcos Dorados Holdings Inc. (NYSE:ARCO) Shares Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC increased its position in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO - Free Report) by 730.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 422,934 shares of the restaurant operator's stock after purchasing an additional 372,000 shares during the quarter. Renaissance Technologies LLC owned approximately 0.20% of Arcos Dorados worth $3,079,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Private Management Group Inc. grew its holdings in Arcos Dorados by 34.7% in the 4th quarter. Private Management Group Inc. now owns 3,167,857 shares of the restaurant operator's stock valued at $23,062,000 after buying an additional 815,198 shares in the last quarter. Franklin Resources Inc. grew its holdings in Arcos Dorados by 88.1% in the 4th quarter. Franklin Resources Inc. now owns 2,611,023 shares of the restaurant operator's stock valued at $19,008,000 after buying an additional 1,223,260 shares in the last quarter. Moerus Capital Management LLC grew its holdings in Arcos Dorados by 11.0% in the 4th quarter. Moerus Capital Management LLC now owns 2,122,675 shares of the restaurant operator's stock valued at $15,453,000 after buying an additional 210,133 shares in the last quarter. Perpetual Ltd grew its holdings in Arcos Dorados by 7.9% in the 4th quarter. Perpetual Ltd now owns 1,766,014 shares of the restaurant operator's stock valued at $12,857,000 after buying an additional 129,544 shares in the last quarter. Finally, Emeth Value Capital LLC purchased a new position in shares of Arcos Dorados during the 4th quarter worth $11,190,000. 55.91% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Arcos Dorados Stock Down 0.5 %

Shares of Arcos Dorados stock traded down $0.04 during trading hours on Tuesday, hitting $7.61. The company had a trading volume of 50,569 shares, compared to its average volume of 1,397,200. The company's 50-day moving average is $7.77 and its two-hundred day moving average is $7.99. Arcos Dorados Holdings Inc. has a twelve month low of $6.66 and a twelve month high of $11.49. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.63 and a quick ratio of 0.57. The company has a market cap of $1.60 billion, a P/E ratio of 10.89 and a beta of 0.69.

Arcos Dorados (NYSE:ARCO - Get Free Report) last released its quarterly earnings results on Wednesday, March 12th. The restaurant operator reported $0.28 EPS for the quarter, beating the consensus estimate of $0.22 by $0.06. Arcos Dorados had a net margin of 3.25% and a return on equity of 29.74%. The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.15 billion. 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 disclosed 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 of this dividend is Monday, December 22nd. This represents a $0.24 dividend on an annualized basis and a yield of 3.15%. Arcos Dorados's payout ratio is currently 33.33%.

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.