Global X Management Co. LLC increased its stake in Arcos Dorados Holdings Inc. (NYSE:ARCO) by 19.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 654,652 shares of the restaurant operator’s stock after buying an additional 106,230 shares during the period. Global X Management Co. LLC’s holdings in Arcos Dorados Holdings were worth $4,877,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the company. KCG Holdings Inc. increased its stake in shares of 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 buying an additional 7,134 shares in the last quarter. Stifel Financial Corp increased its stake in shares of Arcos Dorados Holdings by 14.2% in the first quarter. Stifel Financial Corp now owns 76,435 shares of the restaurant operator’s stock valued at $616,000 after buying an additional 9,499 shares in the last quarter. Eqis Capital Management Inc. increased its stake in shares of Arcos Dorados Holdings by 32.7% in the first quarter. Eqis Capital Management Inc. now owns 51,061 shares of the restaurant operator’s stock valued at $411,000 after buying an additional 12,577 shares in the last quarter. Engineers Gate Manager LP increased its stake in shares of Arcos Dorados Holdings by 37.3% in the first quarter. Engineers Gate Manager LP now owns 56,986 shares of the restaurant operator’s stock valued at $459,000 after buying an additional 15,487 shares in the last quarter. Finally, Koch Industries Inc. bought a new stake in shares of Arcos Dorados Holdings during the first quarter valued at $130,000. 41.69% of the stock is owned by hedge funds and other institutional investors.

Shares of Arcos Dorados Holdings Inc. (ARCO) opened at 9.05 on Friday. The firm has a market cap of $1.91 billion, a P/E ratio of 34.67 and a beta of 2.16. The firm has a 50-day moving average price of $8.38 and a 200-day moving average price of $7.75. Arcos Dorados Holdings Inc. has a 12-month low of $4.56 and a 12-month high of $9.53.

Arcos Dorados Holdings (NYSE:ARCO) last issued 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 company had revenue of $798.70 million for the quarter. Arcos Dorados Holdings had a return on equity of 14.68% and a net margin of 1.76%. On average, equities research analysts expect that Arcos Dorados Holdings Inc. will post $0.44 earnings per share for the current fiscal year.

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Several brokerages recently weighed in on ARCO. Zacks Investment Research downgraded Arcos Dorados Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. BidaskClub raised Arcos Dorados Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Finally, ValuEngine downgraded Arcos Dorados Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $8.83.

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

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