Auxier Asset Management increased its stake in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) by 41.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 130,882 shares of the restaurant operator’s stock after purchasing an additional 38,084 shares during the period. Auxier Asset Management owned approximately 0.06% of Arcos Dorados Holdings worth $975,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Bank of New York Mellon Corp acquired a new position in Arcos Dorados Holdings in the first quarter valued at about $645,000. Sei Investments Co. grew its stake in Arcos Dorados Holdings by 34.7% in the first quarter. Sei Investments Co. now owns 77,850 shares of the restaurant operator’s stock valued at $627,000 after acquiring an additional 20,050 shares during the period. JPMorgan Chase & Co. grew its stake in 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 valued at $8,082,000 after acquiring an additional 354,951 shares during the period. Stifel Financial Corp grew its stake in 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 acquiring an additional 9,499 shares during the period. Finally, Teachers Advisors LLC grew its stake in Arcos Dorados Holdings by 35.0% in the first quarter. Teachers Advisors LLC now owns 8,219,426 shares of the restaurant operator’s stock valued at $66,166,000 after acquiring an additional 2,128,725 shares during the period. 36.65% of the stock is owned by institutional investors and hedge funds.

Arcos Dorados Holdings Inc. (NYSE ARCO) traded up 0.40% on Friday, reaching $10.00. The company’s stock had a trading volume of 208,005 shares. The stock has a market cap of $2.11 billion, a price-to-earnings ratio of 38.46 and a beta of 2.15. Arcos Dorados Holdings Inc. has a 52-week low of $5.20 and a 52-week high of $10.35. The firm’s 50-day moving average price is $9.55 and its 200-day moving average price is $8.68.

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

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A number of research firms have issued reports on ARCO. Zacks Investment Research cut Arcos Dorados Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. BidaskClub raised Arcos Dorados Holdings from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. ValuEngine cut Arcos Dorados Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Finally, Citigroup Inc. raised Arcos Dorados Holdings from a “neutral” rating to a “buy” rating and boosted their target price for the company from $10.10 to $10.60 in a research note on Monday, August 28th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $9.53.

Arcos Dorados Holdings 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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