According to the most recent filing that River & Mercantile Asset Management LLP made with the Securities and Exchange Commission, the company increased its position in Arcos Dorados Holdings INC (NYSE: ARCO) during the third quarter.
To acquire 272,694 shares of the restaurant operator’s stock, the corporation shelled out close to $1,399,000 in total expenditures.
Arcos Dorados was one of the companies in which River & Mercantile Asset Management LLP held ownership as of the most recent reporting period.
A significant number of reports have been written about ARCO by industry analysts.
Barclays increased their target price for Arcos Dorados from $9.00 to $10.00 in a research note published on Monday, February 6th.
During this time, they did not change their rating on the stock from “overweight” to any other rating. When a research note regarding the company was initially published on StockNews.com on Thursday, the website was the first news outlet to report on Arcos Dorados.
They encouraged potential investors to make a “strong-buy” of the stock. One of the equity research analysts has given the stock a rating of hold, four of them have recommended buying the stock, and one of them has given a strong buy rating.
Bloomberg’s research indicates that the current consensus price objective for Arcos Dorados is $10.00 and that the average rating for the company is “Buy.”
Several well-known investors have recently altered the proportion of the business that is held by their respective portfolios. Graham Capital Management L.P.
Increased the amount of Arcos Dorados stock owned by 7.3% during the year’s first three months. Graham Capital Management L.P. has added 2,485 shares to its holdings in the restaurant operator’s stock over time.
This brings the total number of shares it has bought to 36,536, with a market value of $297,000. Quantbot Technologies L.P.
Increased the proportion of Arcos Dorados in which it had invested by 5.8 percentage points during the year’s second quarter. Quantbot Technologies L.P. now owns 50,270 shares, valued at $338,000, thanks to the recent purchase of 2,773 additional shares in the restaurant operator during the most recent quarter.
During the third quarter, Diligent Investments LLC completed a 4.2% increase in the Arcos Dorados stock held in its portfolio. Following the acquisition of a further 3,533 shares during the most recent quarter, Diligent Investments LLC now holds 87,884 shares of the restaurant operator’s stock, collectively valued at a sum equal to $640,000.
During the second quarter, Amundi increased the amount of stock in Arcos Dorados that is owned by one-hundredth of one percent.
After making an additional purchase of 4,016 shares during the most recent quarter, Amundi now owns 425,945 shares of the restaurant operator’s stock, valued at $2,667,000.
This brings Amundi’s total number of shares to a total of 425,945.
And lastly, during the third quarter, MQS Management LLC increased the number of shares of Arcos Dorados in its portfolio by 17.3 percent. Following the acquisition of 4,097 additional shares during the most recent quarter, MQS Management LLC now directly owns 27,786 shares in the restaurant operator, currently valued at $203,000. 36.56% of the company’s stock is owned by institutional investors who have purchased large blocks.
When trading started on Thursday, a share of ARCO was $7.83 per share.
Moving averages for the past 50 days come in at $8.39 for the company while moving averages for the past 200 days come in at $7.79.
The price of a share of Arcos Dorados Holdings INC has ranged from $6.23 to $9.04 over the past year, with a low of $6.23 occurring during that period.
The price-to-earnings ratio for the company is 12.43, the price-to-earnings-to-growth ratio is 1.11, and the company has a beta value of 0.99.
The company has a market capitalization of $1.65 billion, $7.83 per share.
Moving averages for the past 50 days come in at $8.39 for the company while moving averages for the past 200 days come in at $7.79.
The price of a share of Arcos Dorados Holdings INC has ranged from $6.23 to $9.04 over the past year, with a low of $6.23 occurring during that period.
The price-to-earnings ratio for the company is 12.43, the price-to-earnings-to-growth ratio is 1.11, and the company has a beta value of 0.99.
The company currently has a market capitalization of $1.65 billion.
The debt-to-equity ratio comes in at 2.99, the current ratio at 0.97, and the quick ratio at 0.90.
All of these numbers are very close to each other.
Arcos Dorados Holdings, INC owns several different dining establishments, all managed by the company.
The company operates McDonald’s restaurants and sells franchises for those restaurants through its various subsidiaries in the food services industry.
In that order, its geographical divisions include Brazil, the Caribbean Division, the North Latin American Division (NOLAD), and the South Latin American Division (SLAD).