Moerus Capital Management LLC Increases Stake in Arcos Dorados Holdings Inc. (NYSE:ARCO)

Moerus Capital Management LLC grew its holdings in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) by 11.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 2,122,675 shares of the restaurant operator’s stock after acquiring an additional 210,133 shares during the quarter. Arcos Dorados accounts for 5.6% of Moerus Capital Management LLC’s holdings, making the stock its 7th biggest position. Moerus Capital Management LLC’s holdings in Arcos Dorados were worth $15,453,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in ARCO. Spire Wealth Management increased its stake in Arcos Dorados by 27.2% in the fourth quarter. Spire Wealth Management now owns 7,210 shares of the restaurant operator’s stock valued at $52,000 after purchasing an additional 1,540 shares in the last quarter. R Squared Ltd bought a new position in shares of Arcos Dorados during the 4th quarter worth approximately $54,000. Bank of New York Mellon Corp boosted its position in Arcos Dorados by 17.5% in the fourth quarter. Bank of New York Mellon Corp now owns 12,272 shares of the restaurant operator’s stock worth $89,000 after purchasing an additional 1,830 shares during the last quarter. Sanctuary Advisors LLC bought a new position in Arcos Dorados during the fourth quarter valued at about $90,000. Finally, Virtu Financial LLC bought a new position in shares of Arcos Dorados during the 4th quarter valued at approximately $90,000. 55.91% of the stock is currently owned by institutional investors.

Arcos Dorados Price Performance

Shares of NYSE:ARCO opened at $7.24 on Friday. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of 10.34 and a beta of 0.69. 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 Holdings Inc. has a one year low of $7.02 and a one year high of $11.49. The company’s fifty day moving average price is $8.04 and its 200-day moving average price is $8.22.

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

Arcos Dorados Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Monday, December 22nd will be issued a $0.06 dividend. The ex-dividend date is Monday, December 22nd. This represents a $0.24 annualized dividend and a yield of 3.32%. Arcos Dorados’s dividend payout ratio (DPR) is presently 33.33%.

Wall Street Analysts Forecast Growth

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

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, Curacao, Ecuador, French Guiana, Guadeloupe, Martinique, Mexico, Panama, Peru, Puerto Rico, Trinidad and Tobago, Uruguay, the U.S.