Acorn Financial Advisory Services Inc. ADV Increases Position in Arcos Dorados Holdings Inc. (NYSE:ARCO)

Acorn Financial Advisory Services Inc. ADV raised its stake in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) by 31.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 204,339 shares of the restaurant operator’s stock after buying an additional 48,614 shares during the quarter. Acorn Financial Advisory Services Inc. ADV owned about 0.10% of Arcos Dorados worth $1,488,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of ARCO. Spire Wealth Management grew its position in shares of Arcos Dorados by 27.2% during the fourth 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 in the last quarter. R Squared Ltd purchased a new position in Arcos Dorados during the 4th quarter valued at approximately $54,000. Bank of New York Mellon Corp increased 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 acquiring an additional 1,830 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Arcos Dorados during the 4th quarter worth approximately $90,000. Finally, Virtu Financial LLC bought a new position in shares of Arcos Dorados during the 4th quarter valued at approximately $90,000. 55.91% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Arcos Dorados from a “buy” rating to a “hold” rating in a research report on Wednesday, March 26th.

Arcos Dorados Stock Down 1.6 %

Shares of ARCO opened at $7.53 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 fifty day moving average of $7.72 and a 200 day moving average of $7.97. The company has a market cap of $1.59 billion, a PE ratio of 10.75 and a beta of 0.69. Arcos Dorados Holdings Inc. has a 52-week low of $6.66 and a 52-week high of $11.49.

Arcos Dorados (NYSE:ARCO) last released its quarterly earnings results on Wednesday, March 12th. The restaurant operator reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.06. The firm had revenue of $1.14 billion during 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, sell-side analysts expect that Arcos Dorados Holdings Inc. will post 0.63 EPS for the current year.

Arcos Dorados Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Monday, December 22nd will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date is Monday, December 22nd. Arcos Dorados’s dividend payout ratio is currently 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.