Carmignac Gestion acquired a new stake in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 1,039,585 shares of the restaurant operator’s stock, valued at approximately $10,448,000. Carmignac Gestion owned 0.49% of Arcos Dorados at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of ARCO. CIBC World Markets Inc. acquired a new position in Arcos Dorados in the second quarter worth approximately $3,182,000. Cubist Systematic Strategies LLC grew its position in Arcos Dorados by 80.0% in the second quarter. Cubist Systematic Strategies LLC now owns 70,568 shares of the restaurant operator’s stock worth $526,000 after buying an additional 31,366 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Arcos Dorados in the second quarter worth approximately $558,000. Nationwide Fund Advisors acquired a new position in Arcos Dorados in the second quarter worth approximately $2,756,000. Finally, PDT Partners LLC grew its position in Arcos Dorados by 100.0% in the second quarter. PDT Partners LLC now owns 133,600 shares of the restaurant operator’s stock worth $995,000 after buying an additional 66,800 shares during the last quarter. Institutional investors and hedge funds own 36.69% of the company’s stock.

Arcos Dorados Holdings Inc. (NYSE ARCO) opened at $10.35 on Wednesday. Arcos Dorados Holdings Inc. has a 52 week low of $5.25 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 0.89. The company has a market cap of $2,180.00, a P/E ratio of 26.97, a P/E/G ratio of 2.01 and a beta of 2.07.

Several research analysts have issued reports on ARCO shares. TheStreet upgraded shares of Arcos Dorados from a “c+” rating to a “b” rating in a research report on Tuesday, November 21st. BidaskClub lowered shares of Arcos Dorados from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. Citigroup upgraded shares of Arcos Dorados from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $10.10 to $10.60 in a research report on Monday, August 28th. HSBC started coverage on shares of Arcos Dorados in a research report on Wednesday, November 15th. They issued a “buy” rating and a $12.00 price target on the stock. Finally, Zacks Investment Research upgraded shares of Arcos Dorados from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research report on Friday, November 10th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $11.15.

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Arcos Dorados 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 (NYSE:ARCO)

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