Global X MANAGEMENT CO LLC Has $4.96 Million Position in Arcos Dorados Holdings Inc. (ARCO)

Global X MANAGEMENT CO LLC reduced its position in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) by 24.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 493,031 shares of the restaurant operator’s stock after selling 161,621 shares during the period. Global X MANAGEMENT CO LLC owned about 0.23% of Arcos Dorados Holdings worth $4,955,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in ARCO. Stevens Capital Management LP bought a new stake in shares of Arcos Dorados Holdings in the second quarter worth $107,000. Moors & Cabot Inc. lifted its position in shares of Arcos Dorados Holdings by 4.9% in the second quarter. Moors & Cabot Inc. now owns 21,250 shares of the restaurant operator’s stock worth $159,000 after purchasing an additional 1,000 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Arcos Dorados Holdings by 2.4% in the second quarter. Wells Fargo & Company MN now owns 24,201 shares of the restaurant operator’s stock worth $180,000 after purchasing an additional 570 shares in the last quarter. Paloma Partners Management Co bought a new stake in shares of Arcos Dorados Holdings in the first quarter worth $261,000. Finally, KCG Holdings Inc. raised its position in Arcos Dorados Holdings by 27.7% during the first quarter. KCG Holdings Inc. now owns 32,895 shares of the restaurant operator’s stock worth $265,000 after acquiring an additional 7,134 shares in the last quarter. 37.08% of the stock is owned by hedge funds and other institutional investors.

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Several research firms recently commented on ARCO. BidaskClub downgraded shares of Arcos Dorados Holdings from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research raised shares of Arcos Dorados Holdings from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research report on Friday. Finally, Citigroup Inc. raised shares of Arcos Dorados Holdings from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $10.10 to $10.60 in a research report on Monday, August 28th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $10.87.

Arcos Dorados Holdings Inc. (NYSE ARCO) traded down $0.25 during midday trading on Monday, reaching $10.25. 391,400 shares of the company traded hands, compared to its average volume of 627,251. The company has a current ratio of 0.99, a quick ratio of 0.89 and a debt-to-equity ratio of 1.45. Arcos Dorados Holdings Inc. has a twelve month low of $5.20 and a twelve month high of $10.80. The firm has a market cap of $2,163.49, a P/E ratio of 26.97, a P/E/G ratio of 2.01 and a beta of 2.07.

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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