Virtu Financial LLC Takes $90,000 Position in Arcos Dorados Holdings Inc. (NYSE:ARCO)

Virtu Financial LLC purchased a new stake in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 12,297 shares of the restaurant operator’s stock, valued at approximately $90,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Rockefeller Capital Management L.P. increased its stake in Arcos Dorados by 12.5% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 206,953 shares of the restaurant operator’s stock valued at $1,805,000 after buying an additional 22,954 shares during the last quarter. Verition Fund Management LLC increased its position in shares of Arcos Dorados by 6.2% during the third quarter. Verition Fund Management LLC now owns 61,867 shares of the restaurant operator’s stock valued at $539,000 after acquiring an additional 3,588 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new stake in shares of Arcos Dorados during the third quarter valued at approximately $187,000. Point72 Asset Management L.P. lifted its holdings in Arcos Dorados by 250.2% during the third quarter. Point72 Asset Management L.P. now owns 99,800 shares of the restaurant operator’s stock worth $870,000 after acquiring an additional 71,300 shares during the period. Finally, Quarry LP boosted its position in Arcos Dorados by 273.6% in the third quarter. Quarry LP now owns 12,102 shares of the restaurant operator’s stock worth $106,000 after purchasing an additional 8,863 shares during the last quarter. 55.91% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com lowered Arcos Dorados from a “buy” rating to a “hold” rating in a research report on Wednesday, March 26th.

Arcos Dorados Stock Down 1.4 %

ARCO opened at $8.14 on Monday. Arcos Dorados Holdings Inc. has a twelve month low of $7.02 and a twelve month high of $11.49. The company’s 50-day moving average price is $7.97 and its two-hundred day moving average price is $8.24. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of 11.62 and a beta of 1.09. 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 (NYSE:ARCO) last posted its quarterly earnings data 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 return on equity of 29.74% and a net margin of 3.25%. The business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.15 billion. As a group, equities analysts expect that Arcos Dorados Holdings Inc. will post 0.63 earnings per share for the current year.

Arcos Dorados Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Monday, December 22nd will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, December 22nd. This represents a $0.24 annualized dividend and a dividend yield of 2.95%. Arcos Dorados’s payout ratio is 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.