Fmr LLC maintained its position in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 46,742 shares of the restaurant operator’s stock at the end of the second quarter. Fmr LLC’s holdings in Arcos Dorados Holdings were worth $348,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of ARCO. Bank of New York Mellon Corp acquired a new position in shares of Arcos Dorados Holdings during the first quarter valued at about $645,000. UBS Group AG increased its holdings in shares of Arcos Dorados Holdings by 55.6% during the first quarter. UBS Group AG now owns 97,837 shares of the restaurant operator’s stock valued at $788,000 after acquiring an additional 34,956 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Arcos Dorados Holdings by 299.9% during the first quarter. Renaissance Technologies LLC now owns 953,439 shares of the restaurant operator’s stock valued at $7,675,000 after acquiring an additional 714,999 shares in the last quarter. KCG Holdings Inc. increased its holdings in shares of Arcos Dorados Holdings by 27.7% during the first quarter. KCG Holdings Inc. now owns 32,895 shares of the restaurant operator’s stock valued at $265,000 after acquiring an additional 7,134 shares in the last quarter. Finally, Paloma Partners Management Co acquired a new position in shares of Arcos Dorados Holdings during the first quarter valued at about $261,000. Hedge funds and other institutional investors own 36.93% of the company’s stock.

Shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) opened at $10.25 on Friday. The company has a market capitalization of $2,163.49, a P/E ratio of 26.97 and a beta of 2.07. Arcos Dorados Holdings Inc. has a 52-week low of $5.20 and a 52-week high of $10.80. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.99 and a quick ratio of 0.88.

Arcos Dorados Holdings (NYSE:ARCO) last issued its earnings results 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 firm had revenue of $798.70 million during the quarter. Arcos Dorados Holdings had a net margin of 2.51% and a return on equity of 20.04%. equities analysts expect that Arcos Dorados Holdings Inc. will post 0.43 EPS for the current year.

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ARCO has been the topic of a number of recent research reports. BidaskClub lowered Arcos Dorados Holdings from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. Citigroup Inc. upgraded Arcos Dorados Holdings from a “neutral” rating to a “buy” rating and upped their target price for the company from $10.10 to $10.60 in a research report on Monday, August 28th. Finally, Zacks Investment Research upgraded Arcos Dorados Holdings from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research report on Friday. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Arcos Dorados Holdings currently has a consensus rating of “Buy” and an average price target of $10.87.

About Arcos Dorados Holdings

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.

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

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