Arcos Dorados Holdings Inc. (NYSE:ARCO) Shares Purchased by Jane Street Group LLC

Jane Street Group LLC raised its holdings in Arcos Dorados Holdings Inc. (NYSE:ARCO) by 156.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 195,751 shares of the restaurant operator’s stock after acquiring an additional 119,477 shares during the period. Jane Street Group LLC owned 0.09% of Arcos Dorados worth $1,425,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Price T Rowe Associates Inc. MD raised its position in shares of Arcos Dorados by 40.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,463,466 shares of the restaurant operator’s stock worth $98,015,000 after buying an additional 3,851,704 shares during the period. Emeth Value Capital LLC acquired a new stake in Arcos Dorados during the fourth quarter worth about $11,190,000. Franklin Resources Inc. increased its stake in Arcos Dorados by 88.1% during the fourth quarter. Franklin Resources Inc. now owns 2,611,023 shares of the restaurant operator’s stock worth $19,008,000 after acquiring an additional 1,223,260 shares during the last quarter. Private Management Group Inc. raised its holdings in shares of Arcos Dorados by 34.7% in the 4th quarter. Private Management Group Inc. now owns 3,167,857 shares of the restaurant operator’s stock worth $23,062,000 after purchasing an additional 815,198 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in shares of Arcos Dorados by 730.4% in the 4th quarter. Renaissance Technologies LLC now owns 422,934 shares of the restaurant operator’s stock valued at $3,079,000 after purchasing an additional 372,000 shares in the last quarter. Hedge funds and other institutional investors own 55.91% of the company’s stock.

Arcos Dorados Stock Up 1.3%

Shares of Arcos Dorados stock opened at $7.67 on Tuesday. Arcos Dorados Holdings Inc. has a twelve month low of $6.66 and a twelve month high of $10.55. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of 10.96 and a beta of 0.65. The company has a current ratio of 0.63, a quick ratio of 0.57 and a debt-to-equity ratio of 1.40. The company has a fifty day moving average price of $7.70 and a 200 day moving average price of $7.84.

Arcos Dorados (NYSE:ARCO) last announced its earnings results on Wednesday, May 14th. The restaurant operator reported $0.07 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.06). Arcos Dorados had a net margin of 3.25% and a return on equity of 29.74%. The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the previous year, the business posted $0.14 earnings per share. The business’s quarterly revenue was down .4% compared to the same quarter last year. Equities research analysts forecast that Arcos Dorados Holdings Inc. will post 0.63 earnings per share for the current fiscal year.

Arcos Dorados Announces Dividend

The company also recently declared 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. This represents a $0.24 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend is Monday, December 22nd. Arcos Dorados’s dividend payout ratio (DPR) is 36.92%.

Analyst Ratings Changes

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 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.