Sapient Capital LLC Invests $3.51 Million in Arcos Dorados Holdings Inc. (NYSE:ARCO)

Sapient Capital LLC bought a new position in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 276,801 shares of the restaurant operator’s stock, valued at approximately $3,513,000. Sapient Capital LLC owned 0.13% of Arcos Dorados as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Fourth Sail Capital LP bought a new stake in Arcos Dorados during the 4th quarter valued at $22,192,000. Itau Unibanco Holding S.A. grew its stake in Arcos Dorados by 81.2% in the third quarter. Itau Unibanco Holding S.A. now owns 681,834 shares of the restaurant operator’s stock valued at $6,450,000 after purchasing an additional 305,588 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Arcos Dorados in the third quarter worth about $2,838,000. Redwood Investments LLC lifted its position in shares of Arcos Dorados by 82.5% during the fourth quarter. Redwood Investments LLC now owns 491,647 shares of the restaurant operator’s stock valued at $6,239,000 after buying an additional 222,295 shares during the last quarter. Finally, Qube Research & Technologies Ltd grew its position in shares of Arcos Dorados by 46.1% in the 3rd quarter. Qube Research & Technologies Ltd now owns 537,724 shares of the restaurant operator’s stock worth $5,087,000 after buying an additional 169,590 shares during the last quarter. Hedge funds and other institutional investors own 55.91% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com cut Arcos Dorados from a “buy” rating to a “hold” rating in a research note on Thursday, April 4th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $13.38.

Arcos Dorados Price Performance

Shares of NYSE:ARCO traded up $0.38 during trading on Friday, reaching $11.26. The stock had a trading volume of 1,535,320 shares, compared to its average volume of 1,240,983. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.66 and a current ratio of 0.72. Arcos Dorados Holdings Inc. has a 1-year low of $7.78 and a 1-year high of $13.20. The stock has a market cap of $2.37 billion, a PE ratio of 13.25, a PEG ratio of 0.91 and a beta of 1.27. The business has a fifty day moving average price of $11.18 and a 200-day moving average price of $11.41.

Arcos Dorados (NYSE:ARCO) last announced its quarterly earnings data on Wednesday, March 13th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter. The firm had revenue of $1.16 billion during the quarter. Arcos Dorados had a net margin of 4.18% and a return on equity of 43.72%. On average, equities analysts forecast that Arcos Dorados Holdings Inc. will post 0.95 earnings per share for the current fiscal year.

Arcos Dorados Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 23rd will be issued a $0.06 dividend. The ex-dividend date is Monday, December 23rd. This represents a $0.24 annualized dividend and a dividend yield of 2.13%. Arcos Dorados’s dividend payout ratio is presently 28.24%.

Arcos Dorados Company Profile

Arcos Dorados Holdings Inc operates as a franchisee of McDonald's restaurants. It has the exclusive right to own, operate, and grant franchises of McDonald's restaurants in 20 countries and territories in Latin America and the Caribbean, including Argentina, Aruba, Brazil, Chile, Colombia, Costa Rica, Curacao, Ecuador, French Guiana, Guadeloupe, Martinique, Mexico, Panama, Peru, Puerto Rico, Trinidad and Tobago, Uruguay, the U.S.