Mirae Asset Global Investments Co. Ltd. Buys 6,079 Shares of Arcos Dorados Holdings Inc. (NYSE:ARCO)

Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) by 0.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 968,196 shares of the restaurant operator’s stock after purchasing an additional 6,079 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned 0.46% of Arcos Dorados worth $12,286,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in ARCO. Avior Wealth Management LLC lifted its holdings in shares of Arcos Dorados by 60.6% in the third quarter. Avior Wealth Management LLC now owns 2,730 shares of the restaurant operator’s stock worth $26,000 after buying an additional 1,030 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in Arcos Dorados in the 2nd quarter worth approximately $32,000. Quarry LP boosted its holdings in Arcos Dorados by 607.6% in the 1st quarter. Quarry LP now owns 4,260 shares of the restaurant operator’s stock valued at $33,000 after purchasing an additional 3,658 shares during the period. Tower Research Capital LLC TRC grew its position in shares of Arcos Dorados by 256.2% during the 1st quarter. Tower Research Capital LLC TRC now owns 6,640 shares of the restaurant operator’s stock valued at $51,000 after purchasing an additional 4,776 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of Arcos Dorados by 34.9% in the fourth quarter. Wells Fargo & Company MN now owns 7,358 shares of the restaurant operator’s stock worth $62,000 after purchasing an additional 1,902 shares during the period. Hedge funds and other institutional investors own 55.91% of the company’s stock.

Arcos Dorados Price Performance

Shares of NYSE:ARCO opened at $11.23 on Friday. The company’s fifty day moving average price is $11.51 and its 200-day moving average price is $11.23. Arcos Dorados Holdings Inc. has a one year low of $7.41 and a one year high of $13.20. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.72 and a quick ratio of 0.66. The firm has a market capitalization of $2.37 billion, a price-to-earnings ratio of 13.21, a PEG ratio of 0.90 and a beta of 1.26.

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

Arcos Dorados Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 23rd will be paid a $0.06 dividend. The ex-dividend date of this dividend is Monday, December 23rd. This represents a $0.24 dividend on an annualized basis and a yield of 2.14%. Arcos Dorados’s dividend payout ratio (DPR) is currently 28.24%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Arcos Dorados from a “buy” rating to a “hold” rating in a research note on Thursday, April 4th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Arcos Dorados presently has an average rating of “Moderate Buy” and an average price target of $13.38.

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.