UBS Group AG Has $3.81 Million Stock Holdings in Arcos Dorados Holdings Inc. $ARCO

UBS Group AG increased its position in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) by 21.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 518,530 shares of the restaurant operator’s stock after buying an additional 91,952 shares during the quarter. UBS Group AG’s holdings in Arcos Dorados were worth $3,806,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Quarry LP acquired a new stake in Arcos Dorados during the third quarter worth about $45,000. Aquatic Capital Management LLC acquired a new stake in Arcos Dorados during the third quarter worth about $53,000. Tudor Investment Corp ET AL acquired a new stake in Arcos Dorados during the third quarter worth about $73,000. Tower Bridge Advisors acquired a new stake in Arcos Dorados during the third quarter worth about $75,000. Finally, Arkadios Wealth Advisors acquired a new stake in Arcos Dorados during the third quarter worth about $76,000. 55.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Arcos Dorados Stock Down 4.4%

NYSE ARCO opened at $8.75 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.95 and a debt-to-equity ratio of 1.25. The stock’s 50 day moving average is $8.52 and its two-hundred day moving average is $8.02. The company has a market capitalization of $1.84 billion, a price-to-earnings ratio of 7.88, a PEG ratio of 2.94 and a beta of 0.47. Arcos Dorados Holdings Inc. has a 1-year low of $6.51 and a 1-year high of $9.75.

Arcos Dorados (NYSE:ARCO) last released its quarterly earnings data on Wednesday, May 20th. The restaurant operator reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates 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 company’s quarterly revenue was up 12.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.07 earnings per share. Equities analysts forecast 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 announced a quarterly dividend, which will be paid on Tuesday, December 29th. Stockholders of record on Wednesday, December 23rd will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Wednesday, December 23rd. Arcos Dorados’s payout ratio is presently 21.62%.

About Arcos Dorados

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.