Rockefeller Capital Management L.P. Acquires 22,954 Shares of Arcos Dorados Holdings Inc. (NYSE:ARCO)

Rockefeller Capital Management L.P. grew its holdings in Arcos Dorados Holdings Inc. (NYSE:ARCO) by 12.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 206,953 shares of the restaurant operator’s stock after acquiring an additional 22,954 shares during the quarter. Rockefeller Capital Management L.P. owned 0.10% of Arcos Dorados worth $1,805,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Fourth Sail Capital LP bought a new position in shares of Arcos Dorados during the second quarter worth about $16,463,000. Managed Asset Portfolios LLC bought a new position in shares of Arcos Dorados during the third quarter worth about $7,389,000. Marshall Wace LLP bought a new position in shares of Arcos Dorados during the second quarter worth about $7,128,000. Fiera Capital Corp bought a new position in shares of Arcos Dorados during the third quarter worth about $3,743,000. Finally, Perpetual Ltd grew its holdings in shares of Arcos Dorados by 15.8% during the third quarter. Perpetual Ltd now owns 1,636,470 shares of the restaurant operator’s stock worth $14,270,000 after buying an additional 223,496 shares in the last quarter. 55.91% of the stock is currently owned by institutional investors.

Arcos Dorados Stock Down 3.3 %

ARCO stock opened at $8.03 on Friday. The company has a quick ratio of 0.57, a current ratio of 0.63 and a debt-to-equity ratio of 1.40. The business has a 50 day moving average price of $8.88 and a two-hundred day moving average price of $9.10. The company has a market cap of $1.69 billion, a price-to-earnings ratio of 11.47, a P/E/G ratio of 2.58 and a beta of 1.12. Arcos Dorados Holdings Inc. has a twelve month low of $7.86 and a twelve month high of $13.20.

Arcos Dorados (NYSE:ARCO) last posted its quarterly earnings results 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. The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.13 billion. Arcos Dorados had a return on equity of 29.74% and a net margin of 3.25%. The business’s revenue was up .8% compared to the same quarter last year. During the same period last year, the company earned $0.30 earnings per share. Analysts anticipate that Arcos Dorados Holdings Inc. will post 0.65 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. decreased their price objective on Arcos Dorados from $14.00 to $12.00 and set an “overweight” rating for the company in a report on Friday, September 13th.

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.