Brandes Investment Partners LP Lowers Stake in Arcos Dorados Holdings Inc. (ARCO)

Brandes Investment Partners LP lowered its holdings in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) by 83.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,186,602 shares of the restaurant operator’s stock after selling 6,075,514 shares during the quarter. Brandes Investment Partners LP owned 0.56% of Arcos Dorados Holdings worth $8,840,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in ARCO. Koch Industries Inc. bought a new stake in shares of Arcos Dorados Holdings in the 1st quarter worth about $130,000. FNY Partners Fund LP bought a new stake in shares of Arcos Dorados Holdings in the 1st quarter worth about $201,000. Paloma Partners Management Co purchased a new position in Arcos Dorados Holdings in the 1st quarter worth about $261,000. KCG Holdings Inc. increased its stake in Arcos Dorados Holdings by 27.7% in the 1st quarter. KCG Holdings Inc. now owns 32,895 shares of the restaurant operator’s stock worth $265,000 after buying an additional 7,134 shares during the period. Finally, Fox Run Management L.L.C. purchased a new position in Arcos Dorados Holdings in the 2nd quarter worth about $265,000. Institutional investors and hedge funds own 36.65% of the company’s stock.

A number of research firms have commented on ARCO. BidaskClub upgraded shares of Arcos Dorados Holdings from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Zacks Investment Research cut shares of Arcos Dorados Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, May 25th. Citigroup Inc. upgraded shares of Arcos Dorados Holdings from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $10.10 to $10.60 in a research note on Monday, August 28th. Finally, ValuEngine upgraded shares of Arcos Dorados Holdings from a “hold” rating to a “buy” rating in a research note on Saturday, June 3rd. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $9.28.

Shares of Arcos Dorados Holdings Inc. (NYSE ARCO) opened at 9.70 on Friday. The stock has a market cap of $2.05 billion, a price-to-earnings ratio of 37.31 and a beta of 2.16. The stock’s 50 day moving average is $9.00 and its 200-day moving average is $8.24. Arcos Dorados Holdings Inc. has a 12-month low of $4.88 and a 12-month high of $9.85.

Arcos Dorados Holdings (NYSE:ARCO) last announced its quarterly earnings data on Wednesday, August 9th. The restaurant operator reported ($0.02) EPS for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.12). Arcos Dorados Holdings had a return on equity of 14.68% and a net margin of 1.76%. The firm had revenue of $798.70 million during the quarter. Equities analysts anticipate that Arcos Dorados Holdings Inc. will post $0.39 EPS for the current fiscal year.

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Arcos Dorados Holdings Profile

Arcos Dorados Holdings Inc is a McDonald’s franchisee. The Company operates or franchises over 2,140 McDonald’s-branded restaurants. It divides its operations into four geographical divisions: Brazil; the Caribbean division, consisting of Aruba, Colombia, Curacao, French Guiana, Guadeloupe, Martinique, Puerto Rico, Trinidad and Tobago, the United States Virgin Islands of Saint Croix and Saint Thomas, and Venezuela; the North Latin America division (NOLAD), consisting of Costa Rica, Mexico and Panama, and the South Latin America division (SLAD), consisting of Argentina, Chile, Ecuador, Peru and Uruguay.

Institutional Ownership by Quarter for Arcos Dorados Holdings (NYSE:ARCO)

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