Arcos Dorados Holdings Inc. $ARCO Stock Holdings Boosted by General American Investors Co. Inc.

General American Investors Co. Inc. lifted its position in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) by 35.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 950,178 shares of the restaurant operator’s stock after acquiring an additional 250,000 shares during the period. General American Investors Co. Inc.’s holdings in Arcos Dorados were worth $6,974,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of ARCO. Lazard Asset Management LLC grew its position in shares of Arcos Dorados by 35.3% during the third quarter. Lazard Asset Management LLC now owns 20,128,477 shares of the restaurant operator’s stock worth $135,867,000 after acquiring an additional 5,255,199 shares during the last quarter. Pzena Investment Management LLC grew its position in shares of Arcos Dorados by 74.9% during the third quarter. Pzena Investment Management LLC now owns 11,427,294 shares of the restaurant operator’s stock worth $77,134,000 after acquiring an additional 4,893,812 shares during the last quarter. SPX Gestao de Recursos Ltda grew its position in shares of Arcos Dorados by 39.9% during the third quarter. SPX Gestao de Recursos Ltda now owns 6,342,621 shares of the restaurant operator’s stock worth $42,813,000 after acquiring an additional 1,808,125 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of Arcos Dorados by 312.7% during the fourth quarter. Renaissance Technologies LLC now owns 1,049,734 shares of the restaurant operator’s stock worth $7,705,000 after acquiring an additional 795,400 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D grew its position in shares of Arcos Dorados by 104.0% during the third quarter. State of New Jersey Common Pension Fund D now owns 1,486,822 shares of the restaurant operator’s stock worth $10,036,000 after acquiring an additional 758,045 shares during the last quarter. Institutional investors own 55.91% of the company’s stock.

Arcos Dorados Stock Performance

NYSE:ARCO opened at $8.83 on Friday. Arcos Dorados Holdings Inc. has a twelve month low of $6.51 and a twelve month high of $9.75. The company has a current ratio of 0.80, a quick ratio of 0.73 and a debt-to-equity ratio of 1.25. The company has a 50-day moving average of $8.70 and a 200-day moving average of $8.17. The firm has a market cap of $1.86 billion, a price-to-earnings ratio of 7.95 and a beta of 0.46.

Arcos Dorados (NYSE:ARCO) last posted its quarterly earnings data on Wednesday, May 20th. The restaurant operator reported $0.17 earnings per share 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 company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same quarter last year, the firm posted $0.07 EPS. The business’s revenue for the quarter was up 12.9% on a year-over-year basis. Analysts forecast that Arcos Dorados Holdings Inc. will post 0.73 earnings per share for the current fiscal year.

Arcos Dorados Announces Dividend

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

Analysts Set New Price Targets

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

About Arcos Dorados

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.