Bfsg LLC Reduces Stake in Arcos Dorados Holdings Inc. (NYSE:ARCO)

Bfsg LLC reduced its stake in Arcos Dorados Holdings Inc. (NYSE:ARCO) by 4.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,685 shares of the restaurant operator’s stock after selling 950 shares during the quarter. Bfsg LLC’s holdings in Arcos Dorados were worth $237,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Avior Wealth Management LLC increased its position in shares of Arcos Dorados by 60.6% during the 3rd quarter. Avior Wealth Management LLC now owns 2,730 shares of the restaurant operator’s stock worth $26,000 after purchasing an additional 1,030 shares during the last quarter. DGS Capital Management LLC increased its position in shares of Arcos Dorados by 6.5% during the 4th quarter. DGS Capital Management LLC now owns 60,648 shares of the restaurant operator’s stock worth $770,000 after purchasing an additional 3,693 shares during the last quarter. HBK Sorce Advisory LLC increased its position in shares of Arcos Dorados by 29.0% during the 4th quarter. HBK Sorce Advisory LLC now owns 17,672 shares of the restaurant operator’s stock worth $224,000 after purchasing an additional 3,971 shares during the last quarter. Hsbc Holdings PLC increased its position in shares of Arcos Dorados by 1.5% during the 3rd quarter. Hsbc Holdings PLC now owns 313,398 shares of the restaurant operator’s stock worth $2,968,000 after purchasing an additional 4,538 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of Arcos Dorados by 0.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 968,196 shares of the restaurant operator’s stock worth $12,286,000 after purchasing an additional 6,079 shares during the last quarter. 55.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Arcos Dorados Stock Down 2.0 %

Shares of ARCO traded down $0.22 during midday trading on Wednesday, hitting $10.93. The company had a trading volume of 1,126,427 shares, compared to its average volume of 1,091,355. The company’s 50-day simple moving average is $11.31 and its 200-day simple moving average is $11.35. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.66 and a current ratio of 0.72. The firm has a market capitalization of $2.30 billion, a P/E ratio of 12.86, a P/E/G ratio of 0.91 and a beta of 1.26. Arcos Dorados Holdings Inc. has a 1 year low of $7.78 and a 1 year high of $13.20.

Arcos Dorados (NYSE:ARCO) last posted its earnings results on Wednesday, March 13th. The restaurant operator reported $0.27 earnings per share for the quarter. The firm had revenue of $1.16 billion during the quarter. Arcos Dorados had a return on equity of 43.72% and a net margin of 4.18%. As a group, sell-side analysts expect that Arcos Dorados Holdings Inc. will post 0.95 EPS for the current year.

Arcos Dorados Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 23rd will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend is Monday, December 23rd. Arcos Dorados’s dividend payout ratio (DPR) is 28.24%.

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.