
JPMorgan Chase & Co. Sells 540,137 Shares of Arcos Dorados Holdings Inc. $ARCO

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JPMorgan Chase & Co. reduced its stake in Arcos Dorados Holdings Inc. by 31.1% in Q3, selling 540,137 shares, leaving it with 1,194,874 shares valued at $8,065,000. Other hedge funds also increased their positions in ARCO. The stock opened at $7.94, with a market cap of $1.67 billion. Arcos Dorados reported a quarterly revenue of $1.27 billion, missing EPS estimates. The company announced a quarterly dividend of $0.07, with a yield of 3.5%. Analysts rate the stock as a "hold" with a target price of $8.70.
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