Sei Investments Co. Purchases 12,710 Shares of Arcos Dorados Holding Inc (ARCO)

Sei Investments Co. boosted its position in Arcos Dorados Holding Inc (NYSE:ARCO) by 26.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 61,410 shares of the restaurant operator’s stock after purchasing an additional 12,710 shares during the quarter. Sei Investments Co.’s holdings in Arcos Dorados were worth $617,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of ARCO. Teachers Advisors LLC raised its position in shares of Arcos Dorados by 30.0% during the 2nd quarter. Teachers Advisors LLC now owns 10,684,536 shares of the restaurant operator’s stock worth $79,600,000 after buying an additional 2,465,110 shares in the last quarter. William Blair Investment Management LLC bought a new stake in shares of Arcos Dorados during the 2nd quarter worth about $3,863,000. Investec Asset Management LTD bought a new stake in shares of Arcos Dorados during the 2nd quarter worth about $3,700,000. Victory Capital Management Inc. raised its position in shares of Arcos Dorados by 4.1% during the 2nd quarter. Victory Capital Management Inc. now owns 494,589 shares of the restaurant operator’s stock worth $3,685,000 after buying an additional 19,293 shares in the last quarter. Finally, River & Mercantile Asset Management LLP bought a new stake in shares of Arcos Dorados during the 3rd quarter worth about $4,314,000. Hedge funds and other institutional investors own 36.67% of the company’s stock.

ARCO has been the topic of a number of recent analyst reports. Citigroup upgraded shares of Arcos Dorados from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $10.10 to $10.60 in a research report on Monday, August 28th. BidaskClub downgraded shares of Arcos Dorados from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research upgraded shares of Arcos Dorados from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research report on Friday, November 10th. HSBC initiated coverage on shares of Arcos Dorados in a research report on Wednesday, November 15th. They set a “buy” rating and a $12.00 price target on the stock. Finally, TheStreet upgraded shares of Arcos Dorados from a “c+” rating to a “b” rating in a research report on Tuesday, November 21st. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $11.15.

Arcos Dorados Holding Inc (NYSE ARCO) opened at $9.65 on Monday. The stock has a market cap of $2,036.84, a P/E ratio of 25.40, a PEG ratio of 1.89 and a beta of 2.05. The company has a quick ratio of 0.89, a current ratio of 0.99 and a debt-to-equity ratio of 1.45. Arcos Dorados Holding Inc has a 52 week low of $5.25 and a 52 week high of $10.80.

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Arcos Dorados Company Profile

Arcos Dorados Holdings Inc is a McDonald’s franchisee. The Company operates or franchises over 2,140 McDonald’s-branded restaurants. It divides its operations into four geographical divisions: Brazil; the Caribbean division, consisting of Aruba, Colombia, Curacao, French Guiana, Guadeloupe, Martinique, Puerto Rico, Trinidad and Tobago, the United States Virgin Islands of Saint Croix and Saint Thomas, and Venezuela; the North Latin America division (NOLAD), consisting of Costa Rica, Mexico and Panama, and the South Latin America division (SLAD), consisting of Argentina, Chile, Ecuador, Peru and Uruguay.

Institutional Ownership by Quarter for Arcos Dorados (NYSE:ARCO)

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