Hussman Strategic Advisors Inc. Acquires New Holdings in Arcos Dorados Holdings Inc. $ARCO

Hussman Strategic Advisors Inc. acquired a new stake in Arcos Dorados Holdings Inc. (NYSE:ARCO) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 105,000 shares of the restaurant operator’s stock, valued at approximately $771,000.

Several other institutional investors and hedge funds have also modified their holdings of ARCO. Lazard Asset Management LLC grew 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 valued at $135,867,000 after purchasing an additional 5,255,199 shares during the period. Pzena Investment Management LLC grew 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 valued at $77,134,000 after purchasing an additional 4,893,812 shares during the period. SPX Gestao de Recursos Ltda grew 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 valued at $42,813,000 after purchasing an additional 1,808,125 shares during the period. State of New Jersey Common Pension Fund D grew its position in shares of Arcos Dorados by 104.0% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 1,486,822 shares of the restaurant operator’s stock valued at $10,036,000 after purchasing an additional 758,045 shares during the period. Finally, Millennium Management LLC grew its position in shares of Arcos Dorados by 1,097.5% in the 3rd quarter. Millennium Management LLC now owns 646,470 shares of the restaurant operator’s stock valued at $4,364,000 after purchasing an additional 592,484 shares during the period. 55.91% of the stock is currently owned by institutional investors and hedge funds.

Arcos Dorados Trading Up 0.1%

NYSE:ARCO opened at $8.79 on Monday. Arcos Dorados Holdings Inc. has a twelve month low of $6.51 and a twelve month high of $9.75. The company has a quick ratio of 0.95, a current ratio of 1.03 and a debt-to-equity ratio of 1.46. The business has a 50 day moving average price of $8.46 and a two-hundred day moving average price of $7.88. The company has a market cap of $1.85 billion, a P/E ratio of 8.70, a price-to-earnings-growth ratio of 3.18 and a beta of 0.47.

Arcos Dorados (NYSE:ARCO) last released its quarterly earnings results on Thursday, March 19th. The restaurant operator reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.08). Arcos Dorados had a return on equity of 8.12% and a net margin of 4.53%.The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same period last year, the company earned $0.28 EPS. The company’s revenue was up 10.7% compared to the same quarter last year. As a group, analysts expect that Arcos Dorados Holdings Inc. will post 0.68 EPS for the current fiscal year.

Arcos Dorados Dividend Announcement

The company also recently declared 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 of this dividend is Wednesday, December 23rd. This represents a $0.28 dividend on an annualized basis and a yield of 3.2%. Arcos Dorados’s dividend payout ratio is 23.76%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Arcos Dorados in a research report on Monday, April 27th. Wall Street Zen lowered Arcos Dorados from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. The Goldman Sachs Group reiterated a “buy” rating on shares of Arcos Dorados in a research report on Wednesday, April 8th. Finally, Santander upgraded Arcos Dorados to an “outperform” rating in a research report on Monday, April 20th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Arcos Dorados presently has a consensus rating of “Hold” and a consensus target price of $8.70.

Arcos Dorados 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.