BlackRock Advisors LLC lowered its stake in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) by 1.0% during the second quarter, according to its most recent filing with the SEC. The fund owned 1,068,682 shares of the company’s stock after selling 10,600 shares during the period. BlackRock Advisors LLC owned about 0.51% of Arcos Dorados Holdings worth $5,097,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in Arcos Dorados Holdings by 0.4% in the first quarter. BlackRock Inc. now owns 206,371 shares of the company’s stock valued at $774,000 after buying an additional 800 shares during the last quarter. Auxier Asset Management boosted its stake in Arcos Dorados Holdings by 23.9% in the second quarter. Auxier Asset Management now owns 93,298 shares of the company’s stock valued at $445,000 after buying an additional 18,000 shares during the last quarter. Global X Management Co. LLC boosted its stake in Arcos Dorados Holdings by 4.7% in the second quarter. Global X Management Co. LLC now owns 465,611 shares of the company’s stock valued at $2,221,000 after buying an additional 20,893 shares during the last quarter. Geduld E E purchased a new stake in Arcos Dorados Holdings during the second quarter valued at approximately $107,000. Finally, Eqis Capital Management Inc. purchased a new stake in Arcos Dorados Holdings during the second quarter valued at approximately $161,000. Institutional investors and hedge funds own 37.11% of the company’s stock.
Arcos Dorados Holdings Inc. (NYSE:ARCO) opened at 6.08 on Monday. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 46.77 and a beta of 2.02. The firm’s 50 day moving average price is $5.38 and its 200 day moving average price is $4.91. Arcos Dorados Holdings Inc. has a 52-week low of $2.16 and a 52-week high of $6.29.
Arcos Dorados Holdings (NYSE:ARCO) last released its earnings results on Wednesday, August 3rd. The company reported $0.21 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.23. Arcos Dorados Holdings had a return on equity of 9.51% and a net margin of 1.02%. The business earned $687.30 million during the quarter, compared to analysts’ expectations of $664.55 million. During the same quarter last year, the firm posted $0.03 earnings per share. The firm’s revenue was down 9.4% on a year-over-year basis. Equities research analysts anticipate that Arcos Dorados Holdings Inc. will post $0.21 EPS for the current fiscal year.
Several equities research analysts have commented on the company. Zacks Investment Research cut Arcos Dorados Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, August 16th. TheStreet raised Arcos Dorados Holdings from a “sell” rating to a “hold” rating in a research report on Monday, August 15th.
Arcos Dorados Holdings 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.
Want to see what other hedge funds are holding ARCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Arcos Dorados Holdings Inc. (NYSE:ARCO).
Receive News & Ratings for Arcos Dorados Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arcos Dorados Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.