RBC Sells Stake in Arcos Dorados, Lazard Boosts Holdings
Royal Bank of Canada (RBC) has reduced its stake in Arcos Dorados Holdings Inc. by 32.4% in the first quarter, according to its latest Form 13F filing with the Securities and Exchange Commission.
The fund owned 342,983 shares of Arcos Dorados' stock after selling 164,478 shares during the quarter. This represents about 0.16% of Arcos Dorados' total worth, valued at $2,829,000 as of its most recent filing.
RBC is not alone in its investment decisions regarding Arcos Dorados. Lazard Asset Management LLC increased its holdings by 35.3% in the third quarter and now owns 20,128,477 shares worth $135,867,000.