UBS Group AG Has $3.81 Million Holdings in Arcos Dorados Holdings Inc. $ARCO

UBS Group AG lifted its holdings in Arcos Dorados Holdings Inc. (NYSE:ARCO) by 21.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 518,530 shares of the restaurant operator’s stock after acquiring an additional 91,952 shares during the quarter. UBS Group AG’s holdings in Arcos Dorados were worth $3,806,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of ARCO. Royal Bank of Canada boosted its holdings in shares of Arcos Dorados by 23.1% in the 1st quarter. Royal Bank of Canada now owns 538,925 shares of the restaurant operator’s stock worth $4,344,000 after acquiring an additional 101,301 shares in the last quarter. Jane Street Group LLC boosted its holdings in shares of Arcos Dorados by 58.3% in the 1st quarter. Jane Street Group LLC now owns 309,785 shares of the restaurant operator’s stock worth $2,497,000 after acquiring an additional 114,034 shares in the last quarter. Jump Financial LLC acquired a new position in shares of Arcos Dorados in the 2nd quarter worth approximately $1,315,000. WINTON GROUP Ltd boosted its holdings in shares of Arcos Dorados by 213.3% in the 2nd quarter. WINTON GROUP Ltd now owns 50,077 shares of the restaurant operator’s stock worth $395,000 after acquiring an additional 34,094 shares in the last quarter. Finally, Nebula Research & Development LLC boosted its holdings in shares of Arcos Dorados by 6.3% in the 2nd quarter. Nebula Research & Development LLC now owns 166,767 shares of the restaurant operator’s stock worth $1,316,000 after acquiring an additional 9,892 shares in the last quarter. 55.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Weiss Ratings upgraded shares of Arcos Dorados from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday. Santander upgraded shares of Arcos Dorados to an “outperform” rating in a research report on Monday, April 20th. Wall Street Zen upgraded shares of Arcos Dorados from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Arcos Dorados in a research report on Wednesday, April 8th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $8.70.

Arcos Dorados Stock Performance

Shares of Arcos Dorados stock opened at $8.75 on Friday. The firm has a fifty day moving average of $8.52 and a two-hundred day moving average of $8.02. The stock has a market capitalization of $1.84 billion, a price-to-earnings ratio of 7.88, a PEG ratio of 2.94 and a beta of 0.47. Arcos Dorados Holdings Inc. has a 52 week low of $6.51 and a 52 week high of $9.75. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.95 and a current ratio of 0.80.

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

Arcos Dorados Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 29th. Shareholders of record on Wednesday, December 23rd will be given a dividend of $0.07 per share. The ex-dividend date is Wednesday, December 23rd. This represents a $0.28 annualized dividend and a dividend yield of 3.2%. Arcos Dorados’s payout ratio is presently 21.62%.

About Arcos Dorados

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.