JGP Global Gestao de Recursos Ltda. acquired a new position in Arcos Dorados Holding Inc (NYSE:ARCO) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 936,772 shares of the restaurant operator’s stock, valued at approximately $7,588,000. Arcos Dorados makes up about 2.7% of JGP Global Gestao de Recursos Ltda.’s investment portfolio, making the stock its 8th biggest position. JGP Global Gestao de Recursos Ltda. owned about 0.46% of Arcos Dorados as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Millennium Management LLC increased its holdings in Arcos Dorados by 2,158.6% in the 3rd quarter. Millennium Management LLC now owns 537,552 shares of the restaurant operator’s stock worth $3,612,000 after buying an additional 513,752 shares during the period. California Public Employees Retirement System boosted its stake in shares of Arcos Dorados by 21.7% in the third quarter. California Public Employees Retirement System now owns 223,905 shares of the restaurant operator’s stock worth $1,505,000 after buying an additional 39,961 shares during the last quarter. Eqis Capital Management Inc. acquired a new stake in Arcos Dorados during the third quarter worth about $77,000. State Street Corp grew its holdings in Arcos Dorados by 14.5% during the third quarter. State Street Corp now owns 333,222 shares of the restaurant operator’s stock worth $2,239,000 after acquiring an additional 42,122 shares during the period. Finally, Northern Trust Corp raised its position in Arcos Dorados by 50.4% during the second quarter. Northern Trust Corp now owns 321,205 shares of the restaurant operator’s stock valued at $2,339,000 after acquiring an additional 107,657 shares in the last quarter. Hedge funds and other institutional investors own 39.05% of the company’s stock.

Several research analysts have recently weighed in on ARCO shares. ValuEngine raised Arcos Dorados from a “sell” rating to a “hold” rating in a research note on Monday, October 7th. Bank of America upgraded shares of Arcos Dorados from an “underperform” rating to a “buy” rating in a research report on Monday, October 21st. Zacks Investment Research raised shares of Arcos Dorados from a “hold” rating to a “buy” rating and set a $8.50 price objective on the stock in a report on Wednesday, November 27th. Finally, Bradesco Corretora reiterated a “neutral” rating and issued a $9.00 target price on shares of Arcos Dorados in a research report on Tuesday. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $8.67.

NYSE ARCO traded up $0.01 during mid-day trading on Friday, hitting $7.99. The stock had a trading volume of 32,011 shares, compared to its average volume of 609,672. The firm’s 50 day moving average is $7.96 and its 200 day moving average is $7.45. The company has a debt-to-equity ratio of 3.72, a current ratio of 0.73 and a quick ratio of 0.65. The stock has a market capitalization of $1.65 billion, a price-to-earnings ratio of 29.61 and a beta of 1.12. Arcos Dorados Holding Inc has a twelve month low of $5.92 and a twelve month high of $9.22.

Arcos Dorados (NYSE:ARCO) last released its earnings results on Wednesday, November 13th. The restaurant operator reported $0.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.04. The business had revenue of $749.97 million during the quarter, compared to analyst estimates of $733.94 million. Arcos Dorados had a net margin of 1.90% and a return on equity of 14.86%. As a group, equities research analysts expect that Arcos Dorados Holding Inc will post 0.31 earnings per share for the current year.

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, CuraƧao, Ecuador, French Guiana, Guadeloupe, Martinique, Mexico, Panama, Peru, Puerto Rico, Trinidad and Tobago, Uruguay, the United States Virgin Islands of St.

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Institutional Ownership by Quarter for Arcos Dorados (NYSE:ARCO)

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