Thompson Siegel & Walmsley LLC Raises Stock Holdings in Arcos Dorados Holdings Inc. (NYSE:ARCO)

Thompson Siegel & Walmsley LLC raised its position in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) by 36.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 244,300 shares of the restaurant operator’s stock after acquiring an additional 65,800 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in Arcos Dorados were worth $1,779,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of ARCO. Emeth Value Capital LLC bought a new position in Arcos Dorados during the fourth quarter valued at $11,190,000. Franklin Resources Inc. bought a new position in shares of Arcos Dorados in the third quarter worth $12,101,000. Managed Asset Portfolios LLC bought a new position in shares of Arcos Dorados in the third quarter worth $7,389,000. Private Management Group Inc. boosted its holdings in shares of Arcos Dorados by 34.7% in the fourth quarter. Private Management Group Inc. now owns 3,167,857 shares of the restaurant operator’s stock worth $23,062,000 after acquiring an additional 815,198 shares during the period. Finally, TimesSquare Capital Management LLC boosted its holdings in shares of Arcos Dorados by 31.6% in the fourth quarter. TimesSquare Capital Management LLC now owns 1,472,490 shares of the restaurant operator’s stock worth $10,720,000 after acquiring an additional 353,700 shares during the period. 55.91% of the stock is owned by institutional investors.

Arcos Dorados Price Performance

Arcos Dorados stock opened at $8.25 on Friday. Arcos Dorados Holdings Inc. has a one year low of $7.02 and a one year high of $11.79. The business has a fifty day moving average price of $7.80 and a 200-day moving average price of $8.28. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.63 and a quick ratio of 0.57. The firm has a market capitalization of $1.74 billion, a P/E ratio of 11.78 and a beta of 1.09.

Arcos Dorados (NYSE:ARCO) last posted its quarterly earnings results 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 firm had revenue of $1.14 billion during 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%. As a group, equities research analysts forecast that Arcos Dorados Holdings Inc. will post 0.63 EPS for the current year.

Arcos Dorados Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Monday, December 22nd will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 2.91%. The ex-dividend date of this dividend is Monday, December 22nd. Arcos Dorados’s dividend payout ratio is 34.29%.

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.