Dodge & Cox Invests $772,000 in Arcos Dorados Holdings Inc. (NYSE:ARCO)

Dodge & Cox bought a new stake in Arcos Dorados Holdings Inc. (NYSE:ARCO) in the 4th quarter, Holdings Channel.com reports. The fund bought 106,000 shares of the restaurant operator’s stock, valued at approximately $772,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Emeth Value Capital LLC purchased a new position in shares of Arcos Dorados during the fourth quarter worth $11,190,000. Franklin Resources Inc. acquired a new position in Arcos Dorados during the 3rd quarter worth about $12,101,000. Private Management Group Inc. boosted its holdings in Arcos Dorados by 34.7% during the 4th quarter. Private Management Group Inc. now owns 3,167,857 shares of the restaurant operator’s stock valued at $23,062,000 after acquiring an additional 815,198 shares during the period. Renaissance Technologies LLC grew its position in Arcos Dorados by 730.4% in the 4th quarter. Renaissance Technologies LLC now owns 422,934 shares of the restaurant operator’s stock valued at $3,079,000 after acquiring an additional 372,000 shares in the last quarter. Finally, TimesSquare Capital Management LLC lifted its position in shares of Arcos Dorados by 31.6% during the fourth quarter. TimesSquare Capital Management LLC now owns 1,472,490 shares of the restaurant operator’s stock worth $10,720,000 after purchasing an additional 353,700 shares in the last quarter. Institutional investors and hedge funds own 55.91% of the company’s stock.

Analysts Set New Price Targets

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

Arcos Dorados Trading Down 2.4 %

NYSE:ARCO opened at $7.12 on Wednesday. Arcos Dorados Holdings Inc. has a 12-month low of $6.66 and a 12-month high of $11.49. The firm has a market cap of $1.50 billion, a PE ratio of 10.16 and a beta of 0.69. 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 fifty day moving average price of $7.92 and a 200 day moving average price of $8.13.

Arcos Dorados (NYSE:ARCO) last announced its quarterly earnings data on Wednesday, March 12th. The restaurant operator reported $0.28 EPS for the quarter, topping analysts’ consensus estimates 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 return on equity of 29.74% and a net margin of 3.25%. Sell-side analysts anticipate that Arcos Dorados Holdings Inc. will post 0.63 earnings per share 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. Stockholders of record on Monday, December 22nd will be issued a $0.06 dividend. The ex-dividend date of this dividend is Monday, December 22nd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 3.37%. Arcos Dorados’s payout ratio is 33.33%.

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.