Sei Investments Co. lessened its holdings in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) by 37.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 48,700 shares of the restaurant operator’s stock after selling 29,150 shares during the period. Sei Investments Co.’s holdings in Arcos Dorados Holdings were worth $363,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Engineers Gate Manager LP grew its holdings in Arcos Dorados Holdings by 37.3% during the first quarter. Engineers Gate Manager LP now owns 56,986 shares of the restaurant operator’s stock worth $459,000 after acquiring an additional 15,487 shares during the period. KCG Holdings Inc. grew its holdings in Arcos Dorados Holdings by 27.7% in the first quarter. KCG Holdings Inc. now owns 32,895 shares of the restaurant operator’s stock valued at $265,000 after purchasing an additional 7,134 shares during the last quarter. UBS Group AG grew its holdings in Arcos Dorados Holdings by 55.6% in the first quarter. UBS Group AG now owns 97,837 shares of the restaurant operator’s stock valued at $788,000 after purchasing an additional 34,956 shares during the last quarter. Acadian Asset Management LLC grew its holdings in Arcos Dorados Holdings by 38.9% in the second quarter. Acadian Asset Management LLC now owns 4,800,113 shares of the restaurant operator’s stock valued at $35,761,000 after purchasing an additional 1,344,088 shares during the last quarter. Finally, Morgan Stanley grew its holdings in Arcos Dorados Holdings by 7.7% in the first quarter. Morgan Stanley now owns 6,367,926 shares of the restaurant operator’s stock valued at $51,263,000 after purchasing an additional 453,142 shares during the last quarter. 36.65% of the stock is currently owned by hedge funds and other institutional investors.
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Shares of Arcos Dorados Holdings Inc. (NYSE ARCO) opened at 9.70 on Friday. The company’s 50 day moving average price is $8.98 and its 200-day moving average price is $8.22. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of 37.31 and a beta of 2.16. Arcos Dorados Holdings Inc. has a 1-year low of $4.86 and a 1-year high of $9.85.
Arcos Dorados Holdings (NYSE:ARCO) last posted its quarterly earnings data on Wednesday, August 9th. The restaurant operator reported ($0.02) EPS for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.12). The firm had revenue of $798.70 million during the quarter. Arcos Dorados Holdings had a return on equity of 14.68% and a net margin of 1.76%. Equities analysts expect that Arcos Dorados Holdings Inc. will post $0.39 EPS for the current fiscal year.
ARCO has been the topic of several research reports. Zacks Investment Research lowered Arcos Dorados Holdings from a “buy” rating to a “hold” rating in a report on Friday, June 9th. BidaskClub lowered Arcos Dorados Holdings from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. ValuEngine raised Arcos Dorados Holdings from a “hold” rating to a “buy” rating in a report on Saturday, June 3rd. Finally, Citigroup Inc. raised Arcos Dorados Holdings from a “neutral” rating to a “buy” rating and upped their target price for the company from $10.10 to $10.60 in a report on Monday, August 28th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $9.28.
Arcos Dorados Holdings Company Profile
Arcos Dorados Holdings Inc is a McDonald’s franchisee. The Company operates or franchises over 2,140 McDonald’s-branded restaurants. It divides its operations into four geographical divisions: Brazil; the Caribbean division, consisting of Aruba, Colombia, Curacao, French Guiana, Guadeloupe, Martinique, Puerto Rico, Trinidad and Tobago, the United States Virgin Islands of Saint Croix and Saint Thomas, and Venezuela; the North Latin America division (NOLAD), consisting of Costa Rica, Mexico and Panama, and the South Latin America division (SLAD), consisting of Argentina, Chile, Ecuador, Peru and Uruguay.
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