Hsbc Holdings PLC Reduces Position in Arcos Dorados Holdings Inc. (NYSE:ARCO)

Hsbc Holdings PLC trimmed its holdings in Arcos Dorados Holdings Inc. (NYSE:ARCO) by 12.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 156,810 shares of the restaurant operator’s stock after selling 22,823 shares during the quarter. Hsbc Holdings PLC’s holdings in Arcos Dorados were worth $1,144,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Stifel Financial Corp increased its stake in shares of Arcos Dorados by 8.0% in the 4th quarter. Stifel Financial Corp now owns 59,414 shares of the restaurant operator’s stock worth $433,000 after acquiring an additional 4,407 shares during the last quarter. Freedom Investment Management Inc. increased its position in Arcos Dorados by 10.6% during the fourth quarter. Freedom Investment Management Inc. now owns 35,689 shares of the restaurant operator’s stock worth $260,000 after purchasing an additional 3,427 shares during the last quarter. Dodge & Cox purchased a new position in Arcos Dorados during the fourth quarter worth about $772,000. Jump Financial LLC acquired a new position in Arcos Dorados in the 4th quarter valued at about $374,000. Finally, Causeway Capital Management LLC purchased a new stake in shares of Arcos Dorados in the 4th quarter valued at approximately $250,000. 55.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Arcos Dorados from a “buy” rating to a “hold” rating in a research report on Wednesday, March 26th.

Arcos Dorados Stock Up 1.9 %

Shares of NYSE:ARCO opened at $7.69 on Friday. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 10.99 and a beta of 0.69. Arcos Dorados Holdings Inc. has a 12-month low of $6.66 and a 12-month high of $11.49. The business has a 50-day moving average price of $7.71 and a 200 day moving average price of $7.95. The company has a current ratio of 0.63, a quick ratio of 0.57 and a debt-to-equity ratio of 1.40.

Arcos Dorados (NYSE:ARCO) last announced its quarterly earnings results on Wednesday, March 12th. The restaurant operator reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.06. Arcos Dorados had a net margin of 3.25% and a return on equity of 29.74%. The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Sell-side analysts expect that Arcos Dorados Holdings Inc. will post 0.63 EPS for the current year.

Arcos Dorados Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Monday, December 22nd will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date of this dividend is Monday, December 22nd. Arcos Dorados’s dividend payout ratio (DPR) is 33.33%.

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.