Arcos Dorados Holdings Inc. (NYSE:ARCO) Shares Sold by Banco BTG Pactual S.A.

Banco BTG Pactual S.A. lessened its stake in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) by 42.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 575,258 shares of the restaurant operator’s stock after selling 420,993 shares during the quarter. Arcos Dorados comprises approximately 1.0% of Banco BTG Pactual S.A.’s portfolio, making the stock its 24th biggest position. Banco BTG Pactual S.A.’s holdings in Arcos Dorados were worth $4,314,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Private Management Group Inc. raised its position in Arcos Dorados by 34.7% during the 4th quarter. Private Management Group Inc. now owns 3,167,857 shares of the restaurant operator’s stock worth $23,062,000 after buying an additional 815,198 shares during the last quarter. Perpetual Ltd increased its stake in shares of Arcos Dorados by 7.9% during the fourth quarter. Perpetual Ltd now owns 1,766,014 shares of the restaurant operator’s stock worth $12,857,000 after acquiring an additional 129,544 shares during the period. Emeth Value Capital LLC acquired a new position in shares of Arcos Dorados during the fourth quarter worth about $11,190,000. TimesSquare Capital Management LLC lifted its position in Arcos Dorados by 31.6% in the fourth quarter. TimesSquare Capital Management LLC now owns 1,472,490 shares of the restaurant operator’s stock valued at $10,720,000 after purchasing an additional 353,700 shares during the period. Finally, Franklin Resources Inc. purchased a new stake in Arcos Dorados in the 3rd quarter valued at approximately $12,101,000. 55.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com cut Arcos Dorados from a “buy” rating to a “hold” rating in a report on Wednesday.

Arcos Dorados Stock Up 1.0 %

Shares of NYSE ARCO opened at $8.06 on Wednesday. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of 11.51 and a beta of 1.09. Arcos Dorados Holdings Inc. has a 52 week low of $7.02 and a 52 week high of $11.49. The firm has a 50-day moving average price of $7.92 and a 200 day moving average price of $8.24. 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 released its quarterly earnings data on Wednesday, March 12th. The restaurant operator reported $0.28 earnings per share 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 firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.15 billion. Equities research analysts anticipate that Arcos Dorados Holdings Inc. will post 0.63 EPS for the current fiscal year.

Arcos Dorados Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Monday, December 22nd will be issued 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 yield of 2.98%. Arcos Dorados’s dividend payout ratio (DPR) is currently 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.