River & Mercantile Asset Management LLP increased its holdings in shares of Arcos Dorados Holding Inc (NYSE:ARCO) by 29.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,092,198 shares of the restaurant operator’s stock after purchasing an additional 246,491 shares during the quarter. River & Mercantile Asset Management LLP owned approximately 0.52% of Arcos Dorados worth $8,634,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in ARCO. International Value Advisers LLC bought a new position in Arcos Dorados during the third quarter valued at approximately $64,237,000. INCA Investments LLC lifted its stake in shares of Arcos Dorados by 49.3% in the 4th quarter. INCA Investments LLC now owns 4,415,500 shares of the restaurant operator’s stock valued at $34,882,000 after purchasing an additional 1,457,207 shares during the last quarter. Half Sky Capital UK Ltd purchased a new stake in shares of Arcos Dorados in the fourth quarter worth approximately $9,009,000. Marshall Wace LLP purchased a new stake in shares of Arcos Dorados in the third quarter worth approximately $6,458,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Arcos Dorados in the third quarter worth approximately $2,257,000. 39.23% of the stock is owned by institutional investors.
Several equities research analysts have recently weighed in on ARCO shares. TheStreet upgraded Arcos Dorados from a “c+” rating to a “b-” rating in a report on Monday, November 26th. Bank of America reiterated an “underperform” rating on shares of Arcos Dorados in a report on Tuesday, January 22nd. Finally, ValuEngine downgraded Arcos Dorados from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd.
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About Arcos Dorados
Arcos Dorados Holdings Inc operates as a franchisee of McDonald's restaurants. It has the exclusive right to own, operate, and grant franchises of McDonald's restaurants in 20 countries and territories in Latin America and the Caribbean, including Argentina, Aruba, Brazil, Chile, Colombia, Costa Rica, Curaçao, Ecuador, French Guiana, Guadeloupe, Martinique, Mexico, Panama, Peru, Puerto Rico, Trinidad and Tobago, Uruguay, the United States Virgin Islands of St.
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