Arcos Dorados Holdings Inc. (NYSE:ARCO) Shares Sold by Banco BTG Pactual S.A.

Banco BTG Pactual S.A. decreased its position in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) by 42.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 575,258 shares of the restaurant operator’s stock after selling 420,993 shares during the period. Arcos Dorados comprises 1.0% of Banco BTG Pactual S.A.’s investment portfolio, making the stock its 24th biggest position. Banco BTG Pactual S.A. owned approximately 0.27% of Arcos Dorados worth $4,314,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in ARCO. Private Management Group Inc. increased its holdings in Arcos Dorados by 34.7% during the 4th quarter. Private Management Group Inc. now owns 3,167,857 shares of the restaurant operator’s stock worth $23,062,000 after purchasing an additional 815,198 shares during the period. Perpetual Ltd raised its holdings in Arcos Dorados by 7.9% in the fourth quarter. Perpetual Ltd now owns 1,766,014 shares of the restaurant operator’s stock valued at $12,857,000 after acquiring an additional 129,544 shares in the last quarter. Emeth Value Capital LLC purchased a new stake in shares of Arcos Dorados in the 4th quarter valued at approximately $11,190,000. TimesSquare Capital Management LLC increased its position in shares of Arcos Dorados by 31.6% in the 4th quarter. TimesSquare Capital Management LLC now owns 1,472,490 shares of the restaurant operator’s stock valued at $10,720,000 after purchasing an additional 353,700 shares during the last quarter. Finally, Franklin Resources Inc. acquired a new stake in shares of Arcos Dorados in the 3rd quarter valued at $12,101,000. Institutional investors and hedge funds own 55.91% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com cut Arcos Dorados from a “buy” rating to a “hold” rating in a research note on Wednesday.

Arcos Dorados Stock Up 1.0 %

Shares of NYSE:ARCO opened at $8.06 on Wednesday. The company has a current ratio of 0.63, a quick ratio of 0.57 and a debt-to-equity ratio of 1.40. The firm has a 50 day simple moving average of $7.92 and a 200-day simple moving average of $8.24. The company has a market capitalization of $1.70 billion, a PE ratio of 11.51 and a beta of 1.09. Arcos Dorados Holdings Inc. has a twelve month low of $7.02 and a twelve month high of $11.49.

Arcos Dorados (NYSE:ARCO) last issued its quarterly earnings data on Wednesday, March 12th. The restaurant operator reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.06. Arcos Dorados had a return on equity of 29.74% and a net margin of 3.25%. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.15 billion. On average, equities analysts predict that Arcos Dorados Holdings Inc. will post 0.63 EPS for the current fiscal year.

Arcos Dorados Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Monday, December 22nd will be given a dividend of $0.06 per share. The ex-dividend date is Monday, December 22nd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.98%. Arcos Dorados’s dividend payout ratio (DPR) is presently 33.33%.

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.