Moerus Capital Management LLC Has $15.45 Million Stock Position in Arcos Dorados Holdings Inc. (NYSE:ARCO)

Moerus Capital Management LLC lifted its holdings in Arcos Dorados Holdings Inc. (NYSE:ARCO) by 11.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,122,675 shares of the restaurant operator’s stock after acquiring an additional 210,133 shares during the quarter. Arcos Dorados makes up approximately 5.6% of Moerus Capital Management LLC’s holdings, making the stock its 7th largest holding. Moerus Capital Management LLC owned about 1.01% of Arcos Dorados worth $15,453,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in ARCO. Spire Wealth Management raised its position in shares of Arcos Dorados by 27.2% during the 4th quarter. Spire Wealth Management now owns 7,210 shares of the restaurant operator’s stock valued at $52,000 after acquiring an additional 1,540 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Arcos Dorados in the 4th quarter valued at about $54,000. Bank of New York Mellon Corp increased its holdings 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 worth $89,000 after buying an additional 1,830 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in Arcos Dorados during the fourth quarter worth approximately $90,000. Finally, Virtu Financial LLC bought a new stake in Arcos Dorados in the 4th quarter valued at $90,000. 55.91% of the stock is owned by institutional investors.

Arcos Dorados Price Performance

Shares of NYSE:ARCO opened at $7.24 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.57 and a debt-to-equity ratio of 1.40. The stock has a market capitalization of $1.52 billion, a PE ratio of 10.34 and a beta of 0.69. The firm has a 50 day moving average of $8.04 and a 200-day moving average of $8.22. Arcos Dorados Holdings Inc. has a 12 month low of $7.02 and a 12 month high of $11.49.

Arcos Dorados (NYSE:ARCO) last released its quarterly earnings data on Wednesday, March 12th. The restaurant operator reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.06. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.15 billion. Arcos Dorados had a return on equity of 29.74% and a net margin of 3.25%. On average, equities research analysts predict that Arcos Dorados Holdings Inc. will post 0.63 EPS for the current fiscal year.

Arcos Dorados Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Monday, December 22nd will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, December 22nd. This represents a $0.24 dividend on an annualized basis and a yield of 3.32%. Arcos Dorados’s dividend payout ratio is currently 33.33%.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Arcos Dorados from a “buy” rating to a “hold” rating in a report on Wednesday, March 26th.

About Arcos Dorados

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.