Deltec Asset Management LLC Sells 3,000 Shares of Arcos Dorados Holdings Inc. (NYSE:ARCO)

Deltec Asset Management LLC lessened its stake in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) by 1.8% during the 4th quarter, Holdings Channel reports. The fund owned 166,538 shares of the restaurant operator’s stock after selling 3,000 shares during the period. Deltec Asset Management LLC’s holdings in Arcos Dorados were worth $1,212,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Arcos Dorados by 12.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 534,990 shares of the restaurant operator’s stock worth $3,895,000 after acquiring an additional 58,453 shares during the last quarter. Spire Wealth Management increased its stake in Arcos Dorados by 27.2% during the 4th quarter. Spire Wealth Management now owns 7,210 shares of the restaurant operator’s stock valued at $52,000 after purchasing an additional 1,540 shares in the last quarter. Inlet Private Wealth LLC grew its holdings in shares of Arcos Dorados by 64.4% during the fourth quarter. Inlet Private Wealth LLC now owns 43,388 shares of the restaurant operator’s stock valued at $316,000 after buying an additional 17,000 shares during the last quarter. Emeth Value Capital LLC acquired a new stake in Arcos Dorados during the 4th quarter worth about $11,190,000. Finally, R Squared Ltd acquired a new position in shares of Arcos Dorados in the fourth quarter valued at about $54,000. 55.91% of the stock is owned by institutional investors.

Arcos Dorados Price Performance

Shares of NYSE ARCO opened at $7.76 on Wednesday. The firm has a market cap of $1.63 billion, a P/E ratio of 11.08 and a beta of 1.13. Arcos Dorados Holdings Inc. has a 52 week low of $7.02 and a 52 week high of $12.74. The business’s 50 day moving average price is $7.62 and its 200 day moving average price is $8.53. The company has a quick ratio of 0.57, a current ratio of 0.63 and a debt-to-equity ratio of 1.40.

Arcos Dorados (NYSE:ARCO) last announced its quarterly earnings results on Wednesday, November 13th. The restaurant operator reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.01. Arcos Dorados had a return on equity of 29.74% and a net margin of 3.25%. The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same period last year, the business earned $0.30 earnings per share. Arcos Dorados’s quarterly revenue was up .8% on a year-over-year basis. On average, sell-side analysts expect that Arcos Dorados Holdings Inc. will post 0.61 earnings per share for the current year.

Arcos Dorados Company 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.