Fideuram Asset Management Ireland dac Purchases New Position in Arcos Dorados Holdings Inc. $ARCO

Fideuram Asset Management Ireland dac acquired a new stake in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 107,625 shares of the restaurant operator’s stock, valued at approximately $771,000.

Several other large investors have also bought and sold shares of ARCO. Global Retirement Partners LLC boosted its position in Arcos Dorados by 9,074.6% during the 4th quarter. Global Retirement Partners LLC now owns 5,780 shares of the restaurant operator’s stock valued at $42,000 after acquiring an additional 5,717 shares in the last quarter. Quarry LP bought a new stake in Arcos Dorados during the 3rd quarter valued at approximately $45,000. Aquatic Capital Management LLC bought a new stake in Arcos Dorados during the 3rd quarter valued at approximately $53,000. Tudor Investment Corp ET AL bought a new stake in Arcos Dorados during the 3rd quarter valued at approximately $73,000. Finally, Tower Bridge Advisors bought a new stake in Arcos Dorados during the 3rd quarter valued at approximately $75,000. 55.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

ARCO has been the topic of several research reports. Wall Street Zen raised Arcos Dorados from a “hold” rating to a “buy” rating in a research report on Saturday, May 23rd. Santander raised Arcos Dorados to an “outperform” rating in a research report on Monday, April 20th. Weiss Ratings raised Arcos Dorados from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, May 21st. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Arcos Dorados in a research report on Wednesday, April 8th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Arcos Dorados currently has an average rating of “Hold” and an average target price of $8.70.

Arcos Dorados Stock Performance

Shares of ARCO opened at $8.70 on Friday. The company has a quick ratio of 0.73, a current ratio of 0.80 and a debt-to-equity ratio of 1.25. The business’s 50 day moving average price is $8.62 and its 200-day moving average price is $8.08. Arcos Dorados Holdings Inc. has a 52 week low of $6.51 and a 52 week high of $9.75. The stock has a market cap of $1.83 billion, a P/E ratio of 7.83 and a beta of 0.47.

Arcos Dorados (NYSE:ARCO) last issued its quarterly earnings results on Wednesday, May 20th. The restaurant operator reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.06. Arcos Dorados had a return on equity of 10.47% and a net margin of 4.86%.The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.21 billion. During the same period in the previous year, the firm posted $0.07 EPS. The business’s revenue for the quarter was up 12.9% compared to the same quarter last year. Equities research analysts anticipate that Arcos Dorados Holdings Inc. will post 0.73 earnings per share for the current fiscal year.

Arcos Dorados Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 29th. Stockholders of record on Wednesday, December 23rd will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Wednesday, December 23rd. Arcos Dorados’s payout ratio is currently 16.22%.

Arcos Dorados Profile

Arcos Dorados Holdings Inc is the largest independent McDonald’s franchisee in the world, operating under an exclusive license agreement with McDonald’s Corporation. The company develops, owns and operates quick-service restaurants, offering the full McDonald’s menu, including hamburgers, chicken sandwiches, salads, sides, desserts and McCafé beverages. In addition to restaurant operations, Arcos Dorados manages supply chain logistics, property development, training and support services for its franchise network.

Headquartered in Montevideo, Uruguay, Arcos Dorados serves 20 markets across Latin America and the Caribbean, including Argentina, Brazil, Chile, Colombia, Mexico, Puerto Rico and Uruguay.