Arcos Dorados Holdings Inc. (NYSE:ARCO) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB cut its stake in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) by 12.4% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 786,230 shares of the restaurant operator’s stock after selling 111,400 shares during the period. Handelsbanken Fonder AB’s holdings in Arcos Dorados were worth $9,977,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Avior Wealth Management LLC lifted its position in Arcos Dorados by 60.6% during the 3rd quarter. Avior Wealth Management LLC now owns 2,730 shares of the restaurant operator’s stock worth $26,000 after acquiring an additional 1,030 shares in the last quarter. Bfsg LLC acquired a new position in Arcos Dorados during the 3rd quarter worth approximately $186,000. Clough Capital Partners L P acquired a new position in Arcos Dorados during the 3rd quarter worth approximately $195,000. HBK Sorce Advisory LLC raised its position in shares of Arcos Dorados by 29.0% in the 4th quarter. HBK Sorce Advisory LLC now owns 17,672 shares of the restaurant operator’s stock valued at $224,000 after purchasing an additional 3,971 shares in the last quarter. Finally, Avalon Capital Management acquired a new position in shares of Arcos Dorados in the 4th quarter valued at approximately $294,000. 55.91% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Arcos Dorados from a “buy” rating to a “hold” rating in a research report on Thursday, April 4th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $13.38.

Arcos Dorados Stock Performance

Shares of ARCO opened at $10.93 on Thursday. The business’s 50 day moving average is $11.31 and its two-hundred day moving average is $11.35. Arcos Dorados Holdings Inc. has a 52-week low of $7.78 and a 52-week high of $13.20. The firm has a market cap of $2.30 billion, a price-to-earnings ratio of 12.86, a PEG ratio of 0.91 and a beta of 1.26. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 1.38.

Arcos Dorados (NYSE:ARCO) last posted its quarterly earnings results on Wednesday, March 13th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter. The business had revenue of $1.16 billion for the quarter. Arcos Dorados had a return on equity of 43.72% and a net margin of 4.18%. Analysts forecast that Arcos Dorados Holdings Inc. will post 0.95 EPS for the current fiscal year.

Arcos Dorados Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 23rd will be paid a dividend of $0.06 per share. The ex-dividend date is Monday, December 23rd. This represents a $0.24 dividend on an annualized basis and a yield of 2.20%. Arcos Dorados’s payout ratio is currently 28.24%.

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.