Thomas White International Ltd. Invests $1.32 Million in Arcos Dorados Holding Inc (ARCO) Stock

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Thomas White International Ltd. bought a new position in shares of Arcos Dorados Holding Inc (NYSE:ARCO) during the 1st quarter, HoldingsChannel reports. The firm bought 184,558 shares of the restaurant operator’s stock, valued at approximately $1,323,000.

Other institutional investors have also bought and sold shares of the company. Bank of America Corp DE grew its position in shares of Arcos Dorados by 56.1% in the fourth quarter. Bank of America Corp DE now owns 13,893 shares of the restaurant operator’s stock valued at $110,000 after purchasing an additional 4,993 shares during the last quarter. Lindbrook Capital LLC acquired a new stake in shares of Arcos Dorados in the fourth quarter valued at about $47,000. Henry James International Management Inc. acquired a new stake in shares of Arcos Dorados in the fourth quarter valued at about $80,000. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Arcos Dorados by 3.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 372,674 shares of the restaurant operator’s stock valued at $2,944,000 after purchasing an additional 11,496 shares during the last quarter. Finally, Quantamental Technologies LLC acquired a new stake in shares of Arcos Dorados in the first quarter valued at about $85,000. 40.29% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts recently weighed in on ARCO shares. Bank of America reiterated an “underperform” rating on shares of Arcos Dorados in a research note on Tuesday, January 22nd. TheStreet cut shares of Arcos Dorados from a “b-” rating to a “c” rating in a research note on Tuesday, April 30th. Finally, Zacks Investment Research upgraded shares of Arcos Dorados from a “sell” rating to a “hold” rating in a research note on Thursday, May 16th.

ARCO traded up $0.08 during midday trading on Wednesday, reaching $6.34. 65,043 shares of the company’s stock were exchanged, compared to its average volume of 441,697. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 35.22 and a beta of 0.99. The company has a quick ratio of 0.85, a current ratio of 0.77 and a debt-to-equity ratio of 3.91. Arcos Dorados Holding Inc has a one year low of $5.92 and a one year high of $9.22.

Arcos Dorados (NYSE:ARCO) last announced its quarterly earnings results on Wednesday, May 15th. The restaurant operator reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.04). The business had revenue of $731.00 million for the quarter. Arcos Dorados had a return on equity of 12.41% and a net margin of 1.64%. Equities research analysts expect that Arcos Dorados Holding Inc will post 0.29 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 14th. Shareholders of record on Friday, August 9th will be paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date is Thursday, August 8th. Arcos Dorados’s dividend payout ratio is 111.11%.

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Arcos Dorados Company 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, Curaçao, Ecuador, French Guiana, Guadeloupe, Martinique, Mexico, Panama, Peru, Puerto Rico, Trinidad and Tobago, Uruguay, the United States Virgin Islands of St.

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Institutional Ownership by Quarter for Arcos Dorados (NYSE:ARCO)

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