Healthcare of Ontario Pension Plan Trust Fund Has $2.20 Million Stake in Arcos Dorados Holdings Inc. (NYSE:ARCO)

Healthcare of Ontario Pension Plan Trust Fund decreased its stake in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) by 34.0% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 198,000 shares of the restaurant operator’s stock after selling 102,000 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned 0.09% of Arcos Dorados worth $2,202,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in ARCO. Activest Wealth Management acquired a new position in shares of Arcos Dorados during the 1st quarter valued at about $30,000. Navellier & Associates Inc. grew its holdings in Arcos Dorados by 11.3% in the 4th quarter. Navellier & Associates Inc. now owns 15,050 shares of the restaurant operator’s stock valued at $191,000 after buying an additional 1,529 shares during the last quarter. Confluence Investment Management LLC acquired a new stake in Arcos Dorados in the 1st quarter valued at approximately $192,000. HBK Sorce Advisory LLC lifted its position in shares of Arcos Dorados by 29.0% in the 4th 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 during the period. Finally, Quattro Financial Advisors LLC lifted its position in shares of Arcos Dorados by 158,015.4% in the 1st quarter. Quattro Financial Advisors LLC now owns 20,555 shares of the restaurant operator’s stock worth $229,000 after acquiring an additional 20,542 shares during the period. Institutional investors and hedge funds own 55.91% of the company’s stock.

Arcos Dorados Trading Up 1.2 %

Shares of NYSE ARCO traded up $0.11 during midday trading on Thursday, hitting $9.61. The stock had a trading volume of 455,045 shares, compared to its average volume of 1,177,351. The company’s 50-day simple moving average is $9.52 and its 200 day simple moving average is $10.83. The firm has a market cap of $2.02 billion, a P/E ratio of 11.93, a price-to-earnings-growth ratio of 1.72 and a beta of 1.21. Arcos Dorados Holdings Inc. has a fifty-two week low of $8.59 and a fifty-two week high of $13.20. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.66 and a quick ratio of 0.60.

Arcos Dorados (NYSE:ARCO) last released its earnings results on Wednesday, May 15th. The restaurant operator reported $0.14 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.02). The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.02 billion. Arcos Dorados had a net margin of 3.90% and a return on equity of 38.57%. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period last year, the business posted $0.18 earnings per share. Research analysts anticipate that Arcos Dorados Holdings Inc. will post 0.86 EPS for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Arcos Dorados from a “buy” rating to a “hold” rating in a research report on Friday, May 24th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $13.83.

About Arcos Dorados

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.