Verde Servicos Internacionais S.A. Has $1.24 Million Stock Position in Arcos Dorados Holdings Inc. (NYSE:ARCO)

Verde Servicos Internacionais S.A. boosted its holdings in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) by 84.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 142,100 shares of the restaurant operator’s stock after buying an additional 65,100 shares during the quarter. Arcos Dorados makes up approximately 0.6% of Verde Servicos Internacionais S.A.’s investment portfolio, making the stock its 27th largest position. Verde Servicos Internacionais S.A. owned approximately 0.07% of Arcos Dorados worth $1,239,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of ARCO. TimesSquare Capital Management LLC grew its position in shares of Arcos Dorados by 25.8% in the first quarter. TimesSquare Capital Management LLC now owns 1,466,000 shares of the restaurant operator’s stock valued at $16,302,000 after purchasing an additional 301,020 shares during the last quarter. Perpetual Ltd bought a new stake in Arcos Dorados during the first quarter worth $49,647,000. Fourth Sail Capital LP bought a new stake in Arcos Dorados during the second quarter worth $16,463,000. Nordea Investment Management AB increased its holdings in shares of Arcos Dorados by 33.5% during the first quarter. Nordea Investment Management AB now owns 458,355 shares of the restaurant operator’s stock worth $5,129,000 after buying an additional 115,118 shares in the last quarter. Finally, Oliver Luxxe Assets LLC increased its holdings in shares of Arcos Dorados by 29.2% during the first quarter. Oliver Luxxe Assets LLC now owns 69,924 shares of the restaurant operator’s stock worth $778,000 after buying an additional 15,786 shares in the last quarter. Institutional investors and hedge funds own 55.91% of the company’s stock.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. decreased their price objective on Arcos Dorados from $14.00 to $12.00 and set an “overweight” rating for the company in a report on Friday, September 13th.

Arcos Dorados Price Performance

Shares of NYSE ARCO opened at $9.44 on Tuesday. Arcos Dorados Holdings Inc. has a fifty-two week low of $8.08 and a fifty-two week high of $13.20. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of 11.65, a PEG ratio of 2.47 and a beta of 1.17. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.57 and a current ratio of 0.63. The firm’s 50-day simple moving average is $9.04 and its 200 day simple moving average is $9.75.

Arcos Dorados (NYSE:ARCO) last posted its earnings results on Wednesday, August 14th. The restaurant operator reported $0.13 EPS for the quarter, hitting the consensus estimate of $0.13. Arcos Dorados had a net margin of 3.80% and a return on equity of 36.55%. The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter last year, the firm earned $0.14 EPS. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. As a group, research analysts anticipate that Arcos Dorados Holdings Inc. will post 0.7 earnings per share for the current fiscal year.

Arcos Dorados 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.