Investec Asset Management LTD acquired a new position in Arcos Dorados Holdings Inc. (NYSE:ARCO) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 496,667 shares of the restaurant operator’s stock, valued at approximately $3,700,000. Investec Asset Management LTD owned about 0.24% of Arcos Dorados Holdings as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in ARCO. Russell Investments Group Ltd. raised its stake in shares of Arcos Dorados Holdings by 5.5% in the first quarter. Russell Investments Group Ltd. now owns 981,820 shares of the restaurant operator’s stock worth $7,903,000 after purchasing an additional 50,844 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Arcos Dorados Holdings in the first quarter worth about $645,000. Sei Investments Co. raised its stake in shares of Arcos Dorados Holdings by 34.7% in the first quarter. Sei Investments Co. now owns 77,850 shares of the restaurant operator’s stock worth $627,000 after purchasing an additional 20,050 shares during the last quarter. Parametric Portfolio Associates LLC raised its stake in shares of Arcos Dorados Holdings by 20.4% in the first quarter. Parametric Portfolio Associates LLC now owns 2,021,293 shares of the restaurant operator’s stock worth $16,271,000 after purchasing an additional 342,567 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Arcos Dorados Holdings by 54.7% in the first quarter. JPMorgan Chase & Co. now owns 1,004,022 shares of the restaurant operator’s stock worth $8,082,000 after purchasing an additional 354,951 shares during the last quarter. Hedge funds and other institutional investors own 36.65% of the company’s stock.

ARCO has been the subject of several research analyst reports. Zacks Investment Research cut Arcos Dorados Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, May 25th. ValuEngine upgraded Arcos Dorados Holdings from a “hold” rating to a “buy” rating in a research note on Saturday, June 3rd. Finally, BidaskClub cut Arcos Dorados Holdings from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 13th. Two research 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. The company has an average rating of “Buy” and an average price target of $9.28.

Arcos Dorados Holdings Inc. (NYSE:ARCO) opened at 9.54 on Thursday. The stock has a market capitalization of $2.01 billion, a PE ratio of 36.69 and a beta of 2.16. The company’s 50-day moving average price is $9.05 and its 200 day moving average price is $8.32. Arcos Dorados Holdings Inc. has a 12 month low of $5.15 and a 12 month high of $9.85.

Arcos Dorados Holdings (NYSE:ARCO) last announced its earnings results on Wednesday, August 9th. The restaurant operator reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.12). The firm had revenue of $798.70 million during the quarter. Arcos Dorados Holdings had a net margin of 1.76% and a return on equity of 14.68%. On average, analysts forecast that Arcos Dorados Holdings Inc. will post $0.39 earnings per share for the current fiscal year.

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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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