Arcos Dorados (ARCO)
Operates and sub-franchises McDonald's restaurants across Latin America and the Caribbean.
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Operates and sub-franchises McDonald's restaurants across 21 Latin American and Caribbean markets. The business is organized around Brazil, North Latin America, and Spanish-Language Latin America under master franchise agreements with McDonald's.
Operates and sub-franchises McDonald's restaurants across Latin America and the Caribbean through Brazil, North Latin America (NOLAD), and Spanish-Language Latin America (SLAD). It holds exclusive rights for the brand in 21 countries and territories, making it the world's largest independent McDonald's franchisee.
Restaurant operations, food, and people are the company's stated strategy pillars. Brazil contains roughly half of the restaurant base, while NOLAD and SLAD provide the rest of the regional footprint. The business depends on Master Franchise Agreements with McDonald's, which govern the right to operate and sub-franchise the brand in its territories.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 17, 2026 | JP Morgan | Upgrade | ||
| Apr 19, 2026 | Banco Santander | Target | Target: — | Target: $14 |
| Apr 8, 2026 | Goldman Sachs | Target | Target: $14.30 | Target: $9.05 |
| Nov 3, 2025 | Banco Bradesco BBI S.A | Downgrade | ||
| Jul 2, 2025 | JP Morgan | Downgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $270.0M · Total debt $2.20B · Total assets $3.89B · Shareholders' equity $831.1M
- Revenue
- $1.31B
- Operating income
- $77.0M
- Net income
- $45.0M
HistoryDividendAnnual yield
| Institutions | 45.59% | 96.04M ADS | |
|---|---|---|---|
| 181 holders · as of Jun 30, 2026 | |||
| Insiders | 8.15% | 17.16M ADS | |
| 11 holders · as of May 12, 2026 | |||
| Strategic holders | 2.62% | 5.52M ADS | |
| 1 holder · as of Feb 11, 2022 | |||
| Other | 43.64% | 91.94M ADS | |
| remainder | |||
210.66M ADS as of Aug 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
The share count is from the company's Dec 2022 annual report; nothing newer is on file here.
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Lazard Asset Management LLCInstitution | 11.72% | 24.69M A ADS | as of Jun 30, 2026 |
TIAA-CREF Investment Management, LLCInstitution | 5.61% | 11.81M | filed Feb 14, 2020 |
Pzena Investment Management LLCInstitution | 5.13% | 10.80M A ADS | as of Jun 30, 2026 |
Teachers Advisors, LLCInstitution | 4.74% | 9.98M | filed Feb 12, 2021 |
International Value Advisers, LLCInstitution | 4.58% | 9.64M | filed Feb 13, 2019 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 24, 2026 | Artigas Carlos Hernandez | director | −17,843 | $8.15 |
| Aug 25, 2026 | Artigas Carlos Hernandez | director | −14,500 | $8.06 |
| May 28, 2026 | Artigas Carlos Hernandez | director | −20,000 | $9.01 |
- Restaurant Brands International
Burger King and Popeyes franchises contest regional QSR traffic
- Yum! Brands
KFC and Taco Bell contest chicken and QSR meal occasions
- Domino's Pizza
Delivery pizza contests quick-service meal and digital-order occasions
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Arcos Dorados | $7.63 | +1.40% | $1.58B | 6.2 | 9.8 | 0.3 | +14.3% |
| Restaurant Brands International | $71.87 | −0.95% | $25.17B | 21.4 | 16.9 | 2.6 | +4.6% |
| Yum! Brands | $139.73 | +0.29% | $38.42B | 17.5 | 20.8 | 4.4 | +12.2% |
| Domino's Pizza | $296.58 | +0.22% | $9.79B | 16.8 | 14.6 | 1.9 | +4.3% |
| Median | 17.5 | 16.9 | 2.6 | +4.6% |