ExodusPoint Capital Management LP Sells 369,051 Shares of Arcos Dorados Holdings Inc. (NYSE:ARCO)

ExodusPoint Capital Management LP lowered its stake in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) by 86.1% during the fourth quarter, HoldingsChannel reports. The firm owned 59,600 shares of the restaurant operator’s stock after selling 369,051 shares during the quarter. ExodusPoint Capital Management LP’s holdings in Arcos Dorados were worth $434,000 as of its most recent SEC filing.

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

Arcos Dorados Stock Performance

Shares of NYSE ARCO opened at $7.22 on Friday. Arcos Dorados Holdings Inc. has a one year low of $6.66 and a one year 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 firm has a market cap of $1.52 billion, a price-to-earnings ratio of 10.31 and a beta of 0.69. The stock’s fifty day moving average price is $7.95 and its two-hundred day moving average price is $8.16.

Arcos Dorados (NYSE:ARCO) last released its earnings results on Wednesday, March 12th. The restaurant operator reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.06. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates 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 forecast that Arcos Dorados Holdings Inc. will post 0.63 EPS for the current year.

Arcos Dorados Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Monday, December 22nd will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 3.32%. The ex-dividend date of this dividend is Monday, December 22nd. Arcos Dorados’s dividend payout ratio (DPR) is presently 33.33%.

Analyst Ratings Changes

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

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.