Raymond James & Associates Grows Stock Position in Arcos Dorados Holdings Inc. (NYSE:ARCO)

Raymond James & Associates lifted its holdings in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) by 97.9% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 37,050 shares of the restaurant operator’s stock after acquiring an additional 18,327 shares during the period. Raymond James & Associates’ holdings in Arcos Dorados were worth $470,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Avior Wealth Management LLC grew its position in Arcos Dorados by 60.6% during the 3rd quarter. Avior Wealth Management LLC now owns 2,730 shares of the restaurant operator’s stock worth $26,000 after purchasing an additional 1,030 shares during the last quarter. Bfsg LLC purchased a new stake in shares of Arcos Dorados during the third quarter valued at $186,000. Clough Capital Partners L P acquired a new position in shares of Arcos Dorados in the 3rd quarter valued at $195,000. Avalon Capital Management acquired a new position in shares of Arcos Dorados in the 4th quarter valued at $294,000. Finally, Oliver Luxxe Assets LLC purchased a new position in Arcos Dorados in the 3rd quarter worth $464,000. Institutional investors and hedge funds own 55.91% of the company’s stock.

Arcos Dorados Trading Up 0.9 %

Shares of Arcos Dorados stock opened at $10.85 on Friday. Arcos Dorados Holdings Inc. has a 1 year low of $7.78 and a 1 year high of $13.20. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.72 and a quick ratio of 0.66. The stock has a market cap of $2.28 billion, a PE ratio of 12.76, a price-to-earnings-growth ratio of 0.91 and a beta of 1.26. The firm has a fifty day moving average price of $11.27 and a 200 day moving average price of $11.34.

Arcos Dorados (NYSE:ARCO) last issued its quarterly earnings data on Wednesday, March 13th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter. The business had revenue of $1.16 billion during the quarter. Arcos Dorados had a return on equity of 43.72% and a net margin of 4.18%. Equities research analysts predict that Arcos Dorados Holdings Inc. will post 0.95 earnings per share for the current year.

Arcos Dorados Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 23rd will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, December 23rd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.21%. Arcos Dorados’s payout ratio is 28.24%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Arcos Dorados from a “buy” rating to a “hold” rating in a report on Thursday, April 4th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.38.

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.