Thompson Siegel & Walmsley LLC Acquires 243,000 Shares of Arcos Dorados Holdings Inc. $ARCO

Thompson Siegel & Walmsley LLC grew its holdings in Arcos Dorados Holdings Inc. (NYSE:ARCO) by 85.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 528,900 shares of the restaurant operator’s stock after acquiring an additional 243,000 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in Arcos Dorados were worth $3,882,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Optimize Financial Inc boosted its position in shares of Arcos Dorados by 1.5% in the fourth quarter. Optimize Financial Inc now owns 86,291 shares of the restaurant operator’s stock valued at $633,000 after acquiring an additional 1,240 shares during the period. Mraz Amerine & Associates Inc. boosted its position in shares of Arcos Dorados by 11.3% in the fourth quarter. Mraz Amerine & Associates Inc. now owns 19,665 shares of the restaurant operator’s stock valued at $144,000 after acquiring an additional 2,000 shares during the period. Moors & Cabot Inc. boosted its position in shares of Arcos Dorados by 4.3% in the fourth quarter. Moors & Cabot Inc. now owns 49,409 shares of the restaurant operator’s stock valued at $363,000 after acquiring an additional 2,023 shares during the period. BNP Paribas Financial Markets boosted its position in shares of Arcos Dorados by 0.3% in the third quarter. BNP Paribas Financial Markets now owns 918,063 shares of the restaurant operator’s stock valued at $6,197,000 after acquiring an additional 2,312 shares during the period. Finally, NewEdge Wealth LLC boosted its position in shares of Arcos Dorados by 24.7% in the fourth quarter. NewEdge Wealth LLC now owns 17,929 shares of the restaurant operator’s stock valued at $132,000 after acquiring an additional 3,552 shares during the period. 55.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on ARCO shares. Santander raised Arcos Dorados to an “outperform” rating in a research report on Monday, April 20th. Wall Street Zen raised Arcos Dorados from a “hold” rating to a “buy” rating in a research report on Saturday, May 23rd. Weiss Ratings raised Arcos Dorados from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, May 21st. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Arcos Dorados in a research report on Wednesday, April 8th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $8.70.

Arcos Dorados Trading Down 0.2%

Shares of ARCO stock opened at $8.77 on Wednesday. Arcos Dorados Holdings Inc. has a 12-month low of $6.51 and a 12-month high of $9.75. The company has a market capitalization of $1.85 billion, a P/E ratio of 7.90 and a beta of 0.46. The firm has a 50-day moving average price of $8.64 and a 200 day moving average price of $8.10. The company has a quick ratio of 0.73, a current ratio of 0.80 and a debt-to-equity ratio of 1.25.

Arcos Dorados (NYSE:ARCO) last announced its quarterly earnings results on Wednesday, May 20th. The restaurant operator reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.06. Arcos Dorados had a net margin of 4.86% and a return on equity of 10.47%. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same period last year, the firm posted $0.07 EPS. The firm’s quarterly revenue was up 12.9% on a year-over-year basis. Research analysts forecast that Arcos Dorados Holdings Inc. will post 0.73 earnings per share for the current fiscal year.

Arcos Dorados Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 29th. Investors of record on Wednesday, December 23rd will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Wednesday, December 23rd. Arcos Dorados’s dividend payout ratio (DPR) is currently 16.22%.

Arcos Dorados Profile

Arcos Dorados Holdings Inc is the largest independent McDonald’s franchisee in the world, operating under an exclusive license agreement with McDonald’s Corporation. The company develops, owns and operates quick-service restaurants, offering the full McDonald’s menu, including hamburgers, chicken sandwiches, salads, sides, desserts and McCafé beverages. In addition to restaurant operations, Arcos Dorados manages supply chain logistics, property development, training and support services for its franchise network.

Headquartered in Montevideo, Uruguay, Arcos Dorados serves 20 markets across Latin America and the Caribbean, including Argentina, Brazil, Chile, Colombia, Mexico, Puerto Rico and Uruguay.