Thompson Siegel & Walmsley LLC Has $3.88 Million Stock Position in Arcos Dorados Holdings Inc. $ARCO

Thompson Siegel & Walmsley LLC boosted its stake in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) by 85.0% during the fourth quarter, Holdings Channel reports. The fund owned 528,900 shares of the restaurant operator’s stock after acquiring an additional 243,000 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Arcos Dorados were worth $3,882,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Lazard Asset Management LLC raised its stake in shares of Arcos Dorados by 35.3% in the third 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 during the last quarter. Pzena Investment Management LLC raised its stake in shares of Arcos Dorados by 74.9% in the third 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 during the last quarter. SPX Gestao de Recursos Ltda raised its stake in shares of Arcos Dorados by 39.9% in the third 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 during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Arcos Dorados by 3.1% in the second 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 during the last quarter. Finally, Private Management Group Inc. raised its stake in shares of Arcos Dorados by 6.2% in the third 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 during the last quarter. 55.91% of the stock is owned by institutional investors.

Arcos Dorados Stock Performance

Shares of NYSE:ARCO opened at $8.77 on Wednesday. The stock has a market capitalization of $1.85 billion, a P/E ratio of 7.90 and a beta of 0.46. Arcos Dorados Holdings Inc. has a 1-year low of $6.51 and a 1-year high of $9.75. The company has a current ratio of 0.80, a quick ratio of 0.73 and a debt-to-equity ratio of 1.25. The business has a 50-day moving average price of $8.64 and a two-hundred day moving average price of $8.10.

Arcos Dorados (NYSE:ARCO) last announced its quarterly earnings data 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 firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Arcos Dorados had a return on equity of 10.47% and a net margin of 4.86%.The company’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.07 EPS. Equities analysts predict that Arcos Dorados Holdings Inc. will post 0.73 earnings per share for the current year.

Arcos Dorados Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 29th. Shareholders of record on Wednesday, December 23rd will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Wednesday, December 23rd. Arcos Dorados’s payout ratio is currently 16.22%.

Analyst Upgrades and Downgrades

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

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.