Dumac Inc. Acquires New Shares in Arcos Dorados Holdings Inc. $ARCO

Dumac Inc. acquired a new stake in Arcos Dorados Holdings Inc. (NYSE:ARCO) during the 4th quarter, Holdings Channel.com reports. The fund acquired 60,857 shares of the restaurant operator’s stock, valued at approximately $447,000. Arcos Dorados comprises approximately 0.1% of Dumac Inc.’s holdings, making the stock its 8th largest position.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Goldman Sachs Group Inc. lifted its position in Arcos Dorados by 83.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,127,060 shares of the restaurant operator’s stock valued at $8,273,000 after acquiring an additional 511,468 shares in the last quarter. Thompson Siegel & Walmsley LLC lifted its position in Arcos Dorados by 85.0% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 528,900 shares of the restaurant operator’s stock valued at $3,882,000 after acquiring an additional 243,000 shares in the last quarter. Fideuram Asset Management Ireland dac bought a new position in shares of Arcos Dorados during the 4th quarter valued at $771,000. Moors & Cabot Inc. lifted its holdings in shares of Arcos Dorados by 4.3% during the 4th quarter. Moors & Cabot Inc. now owns 49,409 shares of the restaurant operator’s stock valued at $363,000 after buying an additional 2,023 shares during the period. Finally, Optimize Financial Inc lifted its holdings in shares of Arcos Dorados by 1.5% during the 4th quarter. Optimize Financial Inc now owns 86,291 shares of the restaurant operator’s stock valued at $633,000 after buying an additional 1,240 shares during the period. 55.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Arcos Dorados Price Performance

NYSE ARCO opened at $8.34 on Thursday. The business’s fifty day moving average price is $8.67 and its 200-day moving average price is $8.12. The stock has a market capitalization of $1.76 billion, a price-to-earnings ratio of 7.51 and a beta of 0.46. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.80 and a quick ratio of 0.73. Arcos Dorados Holdings Inc. has a 1-year low of $6.51 and a 1-year high of $9.75.

Arcos Dorados (NYSE:ARCO) last released its quarterly earnings results 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 return on equity of 10.47% and a net margin of 4.86%.The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.21 billion. During the same period in the prior year, the firm earned $0.07 EPS. The company’s revenue was up 12.9% compared to the same quarter last year. On average, equities analysts predict that Arcos Dorados Holdings Inc. will post 0.73 earnings per share for the current year.

Arcos Dorados Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 29th. Investors of record on Wednesday, December 23rd will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Wednesday, December 23rd. Arcos Dorados’s dividend payout ratio (DPR) is currently 16.22%.

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.