Perpetual Ltd Increases Holdings in Arcos Dorados Holdings Inc. (NYSE:ARCO)

Perpetual Ltd grew its holdings in Arcos Dorados Holdings Inc. (NYSE:ARCO) by 7.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,766,014 shares of the restaurant operator’s stock after acquiring an additional 129,544 shares during the quarter. Perpetual Ltd owned about 0.84% of Arcos Dorados worth $12,857,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Quarry LP lifted its position in Arcos Dorados by 431.0% in the second quarter. Quarry LP now owns 3,239 shares of the restaurant operator’s stock valued at $29,000 after acquiring an additional 2,629 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in Arcos Dorados during the second quarter worth approximately $93,000. Magnetar Financial LLC acquired a new position in Arcos Dorados during the second quarter worth approximately $150,000. Bfsg LLC lifted its stake in Arcos Dorados by 13.8% in the third quarter. Bfsg LLC now owns 18,650 shares of the restaurant operator’s stock valued at $163,000 after buying an additional 2,255 shares during the last quarter. Finally, Navellier & Associates Inc. boosted its holdings in shares of Arcos Dorados by 26.8% in the third quarter. Navellier & Associates Inc. now owns 20,558 shares of the restaurant operator’s stock valued at $179,000 after acquiring an additional 4,342 shares during the period. Institutional investors and hedge funds own 55.91% of the company’s stock.

Arcos Dorados Trading Down 1.9 %

NYSE:ARCO opened at $7.15 on Tuesday. 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’s 50 day simple moving average is $7.84 and its 200-day simple moving average is $8.69. Arcos Dorados Holdings Inc. has a 12-month low of $7.02 and a 12-month high of $13.20. The firm has a market cap of $1.51 billion, a P/E ratio of 10.21 and a beta of 1.13.

Arcos Dorados (NYSE:ARCO) last announced its quarterly earnings data on Wednesday, November 13th. The restaurant operator reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. Arcos Dorados had a return on equity of 29.74% and a net margin of 3.25%. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same quarter in the previous year, the company earned $0.30 EPS. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. Equities analysts anticipate that Arcos Dorados Holdings Inc. will post 0.61 EPS for the current year.

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.