Boston Partners Boosts Stock Holdings in Arcos Dorados Holdings Inc. (NYSE:ARCO)

Boston Partners lifted its holdings in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) by 20.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 228,287 shares of the restaurant operator’s stock after acquiring an additional 38,293 shares during the period. Boston Partners’ holdings in Arcos Dorados were worth $1,662,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the business. Spire Wealth Management increased its stake in shares of Arcos Dorados by 27.2% during the 4th quarter. Spire Wealth Management now owns 7,210 shares of the restaurant operator’s stock worth $52,000 after purchasing an additional 1,540 shares during the last quarter. Navellier & Associates Inc. increased its position in shares of Arcos Dorados by 8.3% during the fourth quarter. Navellier & Associates Inc. now owns 22,258 shares of the restaurant operator’s stock valued at $162,000 after buying an additional 1,700 shares during the period. Bank of New York Mellon Corp lifted its stake in Arcos Dorados by 17.5% in the 4th quarter. Bank of New York Mellon Corp now owns 12,272 shares of the restaurant operator’s stock worth $89,000 after purchasing an additional 1,830 shares in the last quarter. Verition Fund Management LLC raised its position in shares of Arcos Dorados by 6.2% in the third quarter. Verition Fund Management LLC now owns 61,867 shares of the restaurant operator’s stock worth $539,000 after buying an additional 3,588 shares in the last quarter. Finally, Bfsg LLC raised its holdings in shares of Arcos Dorados by 22.7% in the 4th quarter. Bfsg LLC now owns 22,880 shares of the restaurant operator’s stock valued at $167,000 after acquiring an additional 4,230 shares in the last quarter. 55.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com raised Arcos Dorados from a “hold” rating to a “buy” rating in a research note on Tuesday.

Arcos Dorados Price Performance

Shares of Arcos Dorados stock opened at $8.19 on Friday. The company has a quick ratio of 0.57, a current ratio of 0.63 and a debt-to-equity ratio of 1.40. The business has a 50 day moving average of $7.90 and a 200 day moving average of $8.26. The company has a market cap of $1.72 billion, a PE ratio of 11.69 and a beta of 1.09. Arcos Dorados Holdings Inc. has a 52 week low of $7.02 and a 52 week high of $11.49.

Arcos Dorados (NYSE:ARCO) last announced its earnings results on Wednesday, March 12th. The restaurant operator reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.06. Arcos Dorados had a net margin of 3.25% and a return on equity of 29.74%. The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.15 billion. As a group, equities research analysts forecast that Arcos Dorados Holdings Inc. will post 0.63 earnings per share for the current year.

Arcos Dorados Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Monday, December 22nd will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, December 22nd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.93%. Arcos Dorados’s dividend payout ratio (DPR) is 33.33%.

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.