StockNews.com lowered shares of Arcos Dorados (NYSE:ARCO – Free Report) from a buy rating to a hold rating in a research report sent to investors on Tuesday.
A number of other equities research analysts have also recently issued reports on the company. Jefferies Financial Group started coverage on Arcos Dorados in a report on Friday, December 1st. They set a buy rating and a $15.00 price objective for the company. TheStreet raised Arcos Dorados from a c+ rating to a b- rating in a report on Tuesday, November 28th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Arcos Dorados currently has an average rating of Moderate Buy and an average target price of $13.38.
Arcos Dorados Stock Up 1.0 %
Arcos Dorados Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 23rd will be given a $0.06 dividend. The ex-dividend date is Monday, December 23rd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.16%. Arcos Dorados’s payout ratio is 28.24%.
Institutional Trading of Arcos Dorados
A number of institutional investors have recently modified their holdings of the stock. Qube Research & Technologies Ltd raised its stake in Arcos Dorados by 46.1% in the third quarter. Qube Research & Technologies Ltd now owns 537,724 shares of the restaurant operator’s stock valued at $5,087,000 after purchasing an additional 169,590 shares in the last quarter. Nordea Investment Management AB lifted its holdings in shares of Arcos Dorados by 30.5% during the 4th quarter. Nordea Investment Management AB now owns 343,237 shares of the restaurant operator’s stock worth $4,342,000 after acquiring an additional 80,182 shares during the period. TimesSquare Capital Management LLC lifted its holdings in shares of Arcos Dorados by 8.1% during the 3rd quarter. TimesSquare Capital Management LLC now owns 1,462,000 shares of the restaurant operator’s stock worth $13,831,000 after acquiring an additional 109,600 shares during the period. Avalon Capital Management acquired a new stake in shares of Arcos Dorados during the 4th quarter worth approximately $294,000. Finally, Hsbc Holdings PLC increased its stake in Arcos Dorados by 1.5% in the third quarter. Hsbc Holdings PLC now owns 313,398 shares of the restaurant operator’s stock valued at $2,968,000 after acquiring an additional 4,538 shares during the last quarter. 55.91% of the stock is currently owned by institutional investors.
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.
Featured Stories
- Five stocks we like better than Arcos Dorados
- Stocks with Unusual Volume: How to Find Unusual Volume Stocks in Real Time
- 3 Value Stocks Too Small For Buffett’s Portfolio
- Consumer Staples Stocks, Explained
- Foot Locker Builds Up Another Head of Steam; Gains Imminent
- What is a Dividend Harvesting Strategy and How Can Investors Profit from it?
- Disney Stock Catches 3 Upgrades In a Single Week
Receive News & Ratings for Arcos Dorados Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arcos Dorados and related companies with MarketBeat.com's FREE daily email newsletter.