California Public Employees Retirement System lessened its position in Arcos Dorados Holding Inc (NYSE:ARCO) by 11.0% in the 4th quarter, HoldingsChannel reports. The firm owned 442,658 shares of the restaurant operator’s stock after selling 54,467 shares during the period. California Public Employees Retirement System’s holdings in Arcos Dorados were worth $4,582,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Sei Investments Co. increased its stake in Arcos Dorados by 26.1% in the third quarter. Sei Investments Co. now owns 61,410 shares of the restaurant operator’s stock valued at $617,000 after purchasing an additional 12,710 shares in the last quarter. Ameriprise Financial Inc. bought a new stake in shares of Arcos Dorados during the third quarter worth $1,228,000. Bank of New York Mellon Corp increased its position in shares of Arcos Dorados by 135.5% during the third quarter. Bank of New York Mellon Corp now owns 59,595 shares of the restaurant operator’s stock worth $599,000 after acquiring an additional 34,286 shares in the last quarter. Rational Advisors LLC bought a new stake in shares of Arcos Dorados during the third quarter worth $364,000. Finally, JPMorgan Chase & Co. increased its position in shares of Arcos Dorados by 12.6% during the third quarter. JPMorgan Chase & Co. now owns 844,977 shares of the restaurant operator’s stock worth $8,238,000 after acquiring an additional 94,634 shares in the last quarter. 40.00% of the stock is owned by hedge funds and other institutional investors.
Shares of Arcos Dorados Holding Inc (NYSE:ARCO) opened at $9.55 on Wednesday. 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 Holding Inc has a 12-month low of $6.25 and a 12-month high of $10.80. The stock has a market cap of $1,990.00, 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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