Raymond James Financial Inc. Invests $154,000 in Arcos Dorados Holdings Inc. (NYSE:ARCO)

Raymond James Financial Inc. purchased a new stake in Arcos Dorados Holdings Inc. (NYSE:ARCO) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 21,095 shares of the restaurant operator’s stock, valued at approximately $154,000.

Several other large investors have also modified their holdings of the business. Spire Wealth Management raised its holdings in Arcos Dorados by 27.2% in the 4th 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. Navellier & Associates Inc. boosted its holdings in shares of Arcos Dorados by 8.3% in the 4th quarter. Navellier & Associates Inc. now owns 22,258 shares of the restaurant operator’s stock valued at $162,000 after purchasing an additional 1,700 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Arcos Dorados by 17.5% in the 4th quarter. Bank of New York Mellon Corp now owns 12,272 shares of the restaurant operator’s stock worth $89,000 after purchasing an additional 1,830 shares during the period. Bfsg LLC raised its stake in shares of Arcos Dorados by 22.7% in the 4th quarter. Bfsg LLC now owns 22,880 shares of the restaurant operator’s stock valued at $167,000 after acquiring an additional 4,230 shares during the period. Finally, Hedges Asset Management LLC lifted its holdings in shares of Arcos Dorados by 2.1% during the 4th quarter. Hedges Asset Management LLC now owns 338,500 shares of the restaurant operator’s stock valued at $2,464,000 after acquiring an additional 7,000 shares in the last quarter. 55.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Arcos Dorados Stock Performance

Shares of Arcos Dorados stock opened at $7.22 on Friday. Arcos Dorados Holdings Inc. has a 1 year low of $6.66 and a 1 year high of $11.49. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.57 and a current ratio of 0.63. The firm has a market cap of $1.52 billion, a PE ratio of 10.31 and a beta of 0.69. The firm’s 50-day simple moving average is $7.95 and its 200-day simple moving average is $8.16.

Arcos Dorados (NYSE:ARCO) last posted its quarterly earnings results on Wednesday, March 12th. The restaurant operator reported $0.28 EPS for the quarter, beating the consensus estimate of $0.22 by $0.06. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.15 billion. Arcos Dorados had a net margin of 3.25% and a return on equity of 29.74%. Equities analysts forecast that Arcos Dorados Holdings Inc. will post 0.63 earnings per share for the current fiscal year.

Arcos Dorados Announces Dividend

The business 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 dividend of $0.06 per share. The ex-dividend date is Monday, December 22nd. This represents a $0.24 dividend on an annualized basis and a yield of 3.32%. Arcos Dorados’s payout ratio 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.