Boston Partners Acquires 38,293 Shares of Arcos Dorados Holdings Inc. (NYSE:ARCO)

Boston Partners raised its stake in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) by 20.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 228,287 shares of the restaurant operator’s stock after purchasing an additional 38,293 shares during the quarter. Boston Partners owned 0.11% of Arcos Dorados worth $1,662,000 as of its most recent filing with the SEC.

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

Analyst Ratings Changes

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

Arcos Dorados Price Performance

Shares of NYSE:ARCO opened at $8.19 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.57 and a debt-to-equity ratio of 1.40. The stock has a market capitalization of $1.72 billion, a PE ratio of 11.69 and a beta of 1.09. The firm has a 50 day moving average of $7.90 and a 200-day moving average of $8.26. Arcos Dorados Holdings Inc. has a 12 month low of $7.02 and a 12 month high of $11.49.

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

Arcos Dorados Dividend Announcement

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

About Arcos Dorados

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.