Charles Schwab Investment Management Inc. Decreases Stake in Arcos Dorados Holdings Inc. (NYSE:ARCO)

Charles Schwab Investment Management Inc. cut its holdings in shares of Arcos Dorados Holdings Inc. (NYSE:ARCOFree Report) by 12.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 452,203 shares of the restaurant operator’s stock after selling 62,340 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.21% of Arcos Dorados worth $5,738,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ARCO. Fourth Sail Capital LP purchased a new position in Arcos Dorados during the fourth quarter valued at $22,192,000. Itau Unibanco Holding S.A. lifted its stake in shares of Arcos Dorados by 81.2% during the 3rd quarter. Itau Unibanco Holding S.A. now owns 681,834 shares of the restaurant operator’s stock valued at $6,450,000 after buying an additional 305,588 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Arcos Dorados in the 3rd quarter worth $2,838,000. Sapient Capital LLC purchased a new stake in Arcos Dorados in the 4th quarter worth $3,513,000. Finally, Redwood Investments LLC lifted its position in shares of Arcos Dorados by 82.5% in the fourth quarter. Redwood Investments LLC now owns 491,647 shares of the restaurant operator’s stock valued at $6,239,000 after acquiring an additional 222,295 shares in the last quarter. 55.91% of the stock is currently owned by institutional investors.

Arcos Dorados Stock Performance

Shares of NYSE:ARCO opened at $9.57 on Tuesday. The stock has a market capitalization of $2.02 billion, a P/E ratio of 11.81, a PEG ratio of 1.68 and a beta of 1.24. The company has a quick ratio of 0.60, a current ratio of 0.66 and a debt-to-equity ratio of 1.47. The firm has a fifty day simple moving average of $10.71 and a two-hundred day simple moving average of $11.54. Arcos Dorados Holdings Inc. has a 52 week low of $8.59 and a 52 week high of $13.20.

Arcos Dorados (NYSE:ARCOGet Free Report) last announced its earnings results on Wednesday, May 15th. The restaurant operator reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.02). Arcos Dorados had a net margin of 3.90% and a return on equity of 38.57%. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the prior year, the company posted $0.18 EPS. The company’s revenue was up 11.0% compared to the same quarter last year. On average, analysts expect that Arcos Dorados Holdings Inc. will post 0.88 earnings per share for the current fiscal year.

Arcos Dorados Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 23rd will be given a dividend of $0.06 per share. The ex-dividend date is Monday, December 23rd. This represents a $0.24 annualized dividend and a dividend yield of 2.51%. Arcos Dorados’s dividend payout ratio (DPR) is 29.63%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Arcos Dorados from a “buy” rating to a “hold” rating in a report on Friday, May 24th. One 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, the company presently has a consensus rating of “Moderate Buy” and an average target price of $13.83.

Check Out Our Latest Report on ARCO

About Arcos Dorados

(Free Report)

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.

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Institutional Ownership by Quarter for Arcos Dorados (NYSE:ARCO)

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