EntryPoint Capital LLC Takes $174,000 Position in Arcos Dorados Holdings Inc. (NYSE:ARCO)

EntryPoint Capital LLC purchased a new position in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 23,866 shares of the restaurant operator’s stock, valued at approximately $174,000.

Other large investors have also modified their holdings of the company. Rockefeller Capital Management L.P. grew its position in Arcos Dorados by 12.5% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 206,953 shares of the restaurant operator’s stock worth $1,805,000 after purchasing an additional 22,954 shares during the last quarter. Verition Fund Management LLC grew its holdings in Arcos Dorados by 6.2% in the 3rd quarter. Verition Fund Management LLC now owns 61,867 shares of the restaurant operator’s stock worth $539,000 after buying an additional 3,588 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new stake in Arcos Dorados in the 3rd quarter valued at approximately $187,000. Point72 Asset Management L.P. raised its stake in Arcos Dorados by 250.2% during the 3rd quarter. Point72 Asset Management L.P. now owns 99,800 shares of the restaurant operator’s stock valued at $870,000 after acquiring an additional 71,300 shares in the last quarter. Finally, Quarry LP boosted its position in Arcos Dorados by 273.6% during the 3rd quarter. Quarry LP now owns 12,102 shares of the restaurant operator’s stock worth $106,000 after acquiring an additional 8,863 shares during the period. Institutional investors and hedge funds own 55.91% of the company’s stock.

Arcos Dorados Trading Down 1.4 %

Shares of NYSE:ARCO opened at $8.14 on Friday. Arcos Dorados Holdings Inc. has a twelve month low of $7.02 and a twelve month high of $11.49. The company has a current ratio of 0.63, a quick ratio of 0.57 and a debt-to-equity ratio of 1.40. The firm has a market cap of $1.71 billion, a P/E ratio of 11.62 and a beta of 1.09. The company has a 50 day moving average of $7.97 and a 200-day moving average of $8.24.

Arcos Dorados (NYSE:ARCO) last released its earnings results on Wednesday, March 12th. The restaurant operator reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.06. Arcos Dorados had a return on equity of 29.74% and a net margin of 3.25%. The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.15 billion. As a group, analysts anticipate that Arcos Dorados Holdings Inc. will post 0.63 earnings per share for the current fiscal year.

Arcos Dorados Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Monday, December 22nd will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date of this dividend is Monday, December 22nd. Arcos Dorados’s payout ratio is currently 33.33%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Arcos Dorados from a “buy” rating to a “hold” rating in a report on Wednesday.

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.