Spire Wealth Management Acquires 1,540 Shares of Arcos Dorados Holdings Inc. (NYSE:ARCO)

Spire Wealth Management raised its holdings in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) by 27.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,210 shares of the restaurant operator’s stock after purchasing an additional 1,540 shares during the quarter. Spire Wealth Management’s holdings in Arcos Dorados were worth $52,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in ARCO. Emeth Value Capital LLC bought a new position in shares of Arcos Dorados in the 4th quarter valued at about $11,190,000. Franklin Resources Inc. bought a new stake in shares of Arcos Dorados in the 3rd quarter valued at approximately $12,101,000. Managed Asset Portfolios LLC purchased a new position in shares of Arcos Dorados in the 3rd quarter worth approximately $7,389,000. Fiera Capital Corp bought a new position in shares of Arcos Dorados during the 3rd quarter valued at approximately $3,743,000. Finally, Assenagon Asset Management S.A. purchased a new stake in Arcos Dorados during the 4th quarter valued at $2,051,000. 55.91% of the stock is owned by hedge funds and other institutional investors.

Arcos Dorados Stock Down 0.5 %

NYSE ARCO opened at $7.90 on Monday. The company has a quick ratio of 0.57, a current ratio of 0.63 and a debt-to-equity ratio of 1.40. Arcos Dorados Holdings Inc. has a 52 week low of $7.02 and a 52 week high of $12.16. The firm has a market capitalization of $1.66 billion, a price-to-earnings ratio of 11.29 and a beta of 1.13. The company has a fifty day moving average of $7.60 and a two-hundred day moving average of $8.50.

Arcos Dorados (NYSE:ARCO) last released its quarterly earnings results on Wednesday, November 13th. The restaurant operator reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. Arcos Dorados had a net margin of 3.25% and a return on equity of 29.74%. The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same period in the previous year, the company earned $0.30 EPS. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. On average, analysts predict that Arcos Dorados Holdings Inc. will post 0.61 earnings per share for the current year.

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.