Janus Henderson Group PLC Invests $146,000 in Arcos Dorados Holdings Inc. (NYSE:ARCO)

Janus Henderson Group PLC acquired a new position in Arcos Dorados Holdings Inc. (NYSE:ARCO) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 20,106 shares of the restaurant operator’s stock, valued at approximately $146,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Spire Wealth Management increased its stake in shares of Arcos Dorados by 27.2% in the fourth quarter. Spire Wealth Management now owns 7,210 shares of the restaurant operator’s stock worth $52,000 after purchasing an additional 1,540 shares in the last quarter. R Squared Ltd purchased a new position in Arcos Dorados in the 4th quarter valued at approximately $54,000. Bank of New York Mellon Corp grew its stake in 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 valued at $89,000 after buying an additional 1,830 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in Arcos Dorados during the 4th quarter valued at $90,000. Finally, Virtu Financial LLC purchased a new stake in shares of Arcos Dorados during the fourth quarter worth $90,000. 55.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen cut Arcos Dorados from a “buy” rating to a “hold” rating in a research report on Wednesday, March 26th.

Arcos Dorados Trading Down 1.5%

Shares of Arcos Dorados stock opened at $7.36 on Monday. The company’s 50-day moving average price is $7.64 and its 200-day moving average price is $7.81. The company has a current ratio of 0.63, a quick ratio of 0.57 and a debt-to-equity ratio of 1.40. Arcos Dorados Holdings Inc. has a 12-month low of $6.66 and a 12-month high of $10.55. The company has a market cap of $1.55 billion, a price-to-earnings ratio of 10.51 and a beta of 0.65.

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

Arcos Dorados Dividend Announcement

The firm 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. This represents a $0.24 annualized dividend and a yield of 3.26%. The ex-dividend date of this dividend is Monday, December 22nd. Arcos Dorados’s dividend payout ratio is 36.92%.

About Arcos Dorados

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.