Private Management Group Inc. Increases Stock Position in Arcos Dorados Holdings Inc. $ARCO

Private Management Group Inc. raised its stake in Arcos Dorados Holdings Inc. (NYSE:ARCO) by 6.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,379,280 shares of the restaurant operator’s stock after acquiring an additional 196,282 shares during the period. Private Management Group Inc.’s holdings in Arcos Dorados were worth $22,810,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. Bfsg LLC increased its position in shares of Arcos Dorados by 8.9% during the third quarter. Bfsg LLC now owns 24,330 shares of the restaurant operator’s stock worth $164,000 after purchasing an additional 1,992 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of Arcos Dorados by 0.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 918,063 shares of the restaurant operator’s stock valued at $6,197,000 after purchasing an additional 2,312 shares during the period. Mraz Amerine & Associates Inc. boosted its position in shares of Arcos Dorados by 16.5% in the 3rd quarter. Mraz Amerine & Associates Inc. now owns 17,665 shares of the restaurant operator’s stock valued at $119,000 after purchasing an additional 2,500 shares during the period. Dodge & Cox grew its stake in Arcos Dorados by 3.7% during the 2nd quarter. Dodge & Cox now owns 109,966 shares of the restaurant operator’s stock worth $868,000 after buying an additional 3,966 shares during the last quarter. Finally, Nebula Research & Development LLC grew its stake in Arcos Dorados by 6.3% during the 2nd quarter. Nebula Research & Development LLC now owns 166,767 shares of the restaurant operator’s stock worth $1,316,000 after buying an additional 9,892 shares during the last quarter. Hedge funds and other institutional investors own 55.91% of the company’s stock.

Arcos Dorados Trading Down 0.6%

Shares of ARCO opened at $7.70 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.81 and a debt-to-equity ratio of 1.32. Arcos Dorados Holdings Inc. has a fifty-two week low of $6.51 and a fifty-two week high of $8.98. The firm has a 50-day simple moving average of $8.17 and a 200-day simple moving average of $7.49.

Analyst Ratings Changes

Several research firms have commented on ARCO. Wall Street Zen upgraded Arcos Dorados from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Weiss Ratings restated a “hold (c-)” rating on shares of Arcos Dorados in a research report on Monday, December 29th. Finally, Zacks Research raised shares of Arcos Dorados from a “strong sell” rating to a “hold” rating in a report on Friday, November 21st. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average 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.