Private Management Group Inc. Has $26.71 Million Holdings in Arcos Dorados Holdings Inc. (NYSE:ARCO)

Private Management Group Inc. lowered its position in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) by 5.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 2,104,990 shares of the restaurant operator’s stock after selling 125,869 shares during the period. Private Management Group Inc.’s holdings in Arcos Dorados were worth $26,712,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Avior Wealth Management LLC boosted its holdings in shares of Arcos Dorados by 60.6% in the 3rd quarter. Avior Wealth Management LLC now owns 2,730 shares of the restaurant operator’s stock valued at $26,000 after purchasing an additional 1,030 shares in the last quarter. Bfsg LLC acquired a new stake in Arcos Dorados in the third quarter valued at about $186,000. Clough Capital Partners L P bought a new position in Arcos Dorados in the third quarter valued at about $195,000. HBK Sorce Advisory LLC raised its stake in Arcos Dorados by 29.0% during the fourth quarter. HBK Sorce Advisory LLC now owns 17,672 shares of the restaurant operator’s stock worth $224,000 after acquiring an additional 3,971 shares in the last quarter. Finally, Avalon Capital Management bought a new position in shares of Arcos Dorados in the fourth quarter worth about $294,000. Institutional investors own 55.91% of the company’s stock.

Arcos Dorados Trading Up 1.7 %

ARCO stock traded up $0.19 during trading on Tuesday, hitting $11.15. The company had a trading volume of 777,783 shares, compared to its average volume of 1,090,897. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 1.38. Arcos Dorados Holdings Inc. has a one year low of $7.78 and a one year high of $13.20. The business has a 50-day moving average of $11.33 and a 200-day moving average of $11.33. The stock has a market cap of $2.35 billion, a PE ratio of 13.12, a PEG ratio of 0.91 and a beta of 1.26.

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

Arcos Dorados Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 23rd will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 2.15%. The ex-dividend date is Monday, December 23rd. Arcos Dorados’s dividend payout ratio (DPR) is presently 28.24%.

Wall Street Analyst Weigh In

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

Arcos Dorados 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.