Teachers Advisors LLC lowered its stake in shares of Arcos Dorados Holding Inc (NYSE:ARCO) by 13.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,927,753 shares of the restaurant operator’s stock after selling 1,533,124 shares during the quarter. Teachers Advisors LLC owned approximately 4.70% of Arcos Dorados worth $102,752,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in the business. Wells Fargo & Company MN grew its position in shares of Arcos Dorados by 2.4% during the second quarter. Wells Fargo & Company MN now owns 24,201 shares of the restaurant operator’s stock worth $180,000 after acquiring an additional 570 shares during the last quarter. Neuberger Berman Group LLC purchased a new position in shares of Arcos Dorados during the third quarter worth approximately $103,000. Virtu Financial LLC purchased a new position in shares of Arcos Dorados during the third quarter worth approximately $105,000. Stratos Wealth Partners LTD. purchased a new position in shares of Arcos Dorados during the third quarter worth approximately $110,000. Finally, Fox Run Management L.L.C. purchased a new position in shares of Arcos Dorados during the fourth quarter worth approximately $129,000. 40.00% of the stock is currently owned by institutional investors.
Arcos Dorados Holding Inc (NYSE:ARCO) opened at $9.55 on Wednesday. Arcos Dorados Holding Inc has a 1 year low of $6.25 and a 1 year high of $10.80. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.99 and a quick ratio of 0.89. The firm has a market cap of $2,015.74, a price-to-earnings ratio of 25.13 and a beta of 1.86.
About Arcos Dorados
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.
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