Dumac Inc. Invests $447,000 in Arcos Dorados Holdings Inc. $ARCO

Dumac Inc. bought a new position in Arcos Dorados Holdings Inc. (NYSE:ARCO) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 60,857 shares of the restaurant operator’s stock, valued at approximately $447,000. Arcos Dorados makes up approximately 0.1% of Dumac Inc.’s portfolio, making the stock its 8th largest holding.

Several other institutional investors have also recently made changes to their positions in the company. Lazard Asset Management LLC raised its position in shares of Arcos Dorados by 35.3% in the 3rd quarter. Lazard Asset Management LLC now owns 20,128,477 shares of the restaurant operator’s stock worth $135,867,000 after acquiring an additional 5,255,199 shares in the last quarter. Pzena Investment Management LLC raised its position in shares of Arcos Dorados by 74.9% in the 3rd quarter. Pzena Investment Management LLC now owns 11,427,294 shares of the restaurant operator’s stock worth $77,134,000 after acquiring an additional 4,893,812 shares in the last quarter. SPX Gestao de Recursos Ltda raised its position in shares of Arcos Dorados by 39.9% in the 3rd quarter. SPX Gestao de Recursos Ltda now owns 6,342,621 shares of the restaurant operator’s stock worth $42,813,000 after acquiring an additional 1,808,125 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Arcos Dorados by 3.1% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,508,707 shares of the restaurant operator’s stock worth $27,684,000 after acquiring an additional 105,972 shares in the last quarter. Finally, Private Management Group Inc. raised its position in shares of Arcos Dorados by 6.2% in the 3rd quarter. Private Management Group Inc. now owns 3,379,280 shares of the restaurant operator’s stock worth $22,810,000 after acquiring an additional 196,282 shares in the last quarter. Institutional investors own 55.91% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Arcos Dorados Stock Performance

Arcos Dorados stock opened at $8.34 on Thursday. 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 company has a market capitalization of $1.76 billion, a P/E ratio of 7.51 and a beta of 0.46. The stock’s 50 day moving average is $8.67 and its 200 day moving average is $8.12. Arcos Dorados Holdings Inc. has a twelve month low of $6.51 and a twelve month high of $9.75.

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

Arcos Dorados Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 29th. Investors of record on Wednesday, December 23rd will be given a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, December 23rd. This represents a $0.28 annualized dividend and a yield of 3.4%. Arcos Dorados’s dividend payout ratio is 16.22%.

Arcos Dorados Company 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.