2 weeks Ago By Defense World Staff
JPMorgan Chase & Co. lessened its position in shares of Arcos Dorados Holdings Inc. ( NYSE:ARCO – Free Report ) by 23.
9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,007,043 shares of the restaurant operator’s stock after selling 2,202,926 shares during the period. JPMorgan Chase & Co.
owned about 3.33% of Arcos Dorados worth $51,011,000 at the end of the most recent reporting period. A number of other institutional investors also recently modified their holdings of ARCO.
Spire Wealth Management boosted its holdings in Arcos Dorados by 27.2% during the fourth quarter. Spire Wealth Management now owns 7,210 shares of the restaurant operator’s stock worth $52,000 after purchasing an additional 1,540 shares during the last quarter.
R Squared Ltd bought a new position in shares of Arcos Dorados in the 4th quarter valued at about $54,000. Sanctuary Advisors LLC acquired a new stake in shares of Arcos Dorados in the fourth quarter valued at about $90,000. Quarry LP raised its holdings in Arcos Dorados by 273.
6% during the third quarter. Quarry LP now owns 12,102 shares of the restaurant operator’s stock worth $106,000 after acquiring an additional 8,863 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Arcos Dorados by 17.
5% during the fourth quarter. Bank of New York Mellon Corp now owns 12,272 shares of the restaurant operator’s stock valued at $89,000 after purchasing an additional 1,830 shares during the last quarter. 55.
91% of the stock is currently owned by institutional investors. Wall Street Analyst Weigh In Separately, StockNews.com lowered Arcos Dorados from a “buy” rating to a “hold” rating in a research report on Wednesday, March 26th.
Arcos Dorados Stock Performance Shares of ARCO stock opened at $7.24 on Friday. The company has a fifty day moving average price of $8.
04 and a two-hundred day moving average price of $8.22. Arcos Dorados Holdings Inc.
has a one year low of $7.02 and a one year high of $11.49.
The stock has a market cap of $1.52 billion, a P/E ratio of 10.34 and a beta of 1.
09. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.
63 and a quick ratio of 0.57. Arcos Dorados ( NYSE:ARCO – Get Free Report ) last issued its earnings results on Wednesday, March 12th.
The restaurant operator reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.
06. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.
15 billion. Arcos Dorados had a net margin of 3.25% and a return on equity of 29.
74%. As a group, equities analysts predict that Arcos Dorados Holdings Inc. will post 0.
63 EPS for the current year. Arcos Dorados Announces Dividend The firm also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Monday, December 22nd will be issued a dividend of $0.
06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 3.
32%. The ex-dividend date of this dividend is Monday, December 22nd. Arcos Dorados’s payout ratio is presently 33.
33%. Arcos Dorados Company Profile ( Free Report ) 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.
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