SCHEDULE 13G/A: Teachers Advisors, LLC Amends Passive Stake in Arcos Dorados Holdings to 7.56%

Teachers Advisors, LLC, along with its affiliates, has filed an amendment to its Schedule 13G, disclosing a combined beneficial ownership of 7.56% in Arcos Dorados Holdings, Inc.-A common stock as of March 31, 2025.

Summary

• Teachers Advisors, LLC (TAL) filed an Amendment No. 10 to Schedule 13G regarding its beneficial ownership in Arcos Dorados Holdings, Inc.-A.
• As of March 31, 2025, TAL, along with its affiliates Nuveen Asset Management, LLC (NAM) and TIAA-CREF Investment Management, LLC (TCIM), collectively beneficially own 9,873,761 shares of Arcos Dorados Holdings, Inc.-A common stock.
• This aggregate beneficial ownership represents 7.56% of the class of securities.
• Specifically, TAL directly holds sole voting and dispositive power over 3,327,798 shares, representing 2.55% of the class.
• TCIM, as investment adviser to College Retirement Equities Fund (CREF), is deemed a beneficial owner of 6,545,321 shares.
• NAM is deemed a beneficial owner of 642 shares.
• The shares were acquired in the ordinary course of business and not for the purpose of changing or influencing control of the Issuer.

Sentiment

Score: 5

Explanation: The document is a routine passive ownership disclosure (Schedule 13G amendment) and does not contain information that would significantly alter the sentiment towards the issuer. It simply updates the reported stake of an institutional investor.

Positives

• A significant institutional investor, Teachers Advisors, LLC and its affiliates, maintains a substantial passive stake (7.56%) in Arcos Dorados Holdings, Inc.-A, indicating continued investment interest.

Future Outlook

NA

Industry Context

This filing is a routine disclosure of passive beneficial ownership by an institutional investor group in a publicly traded company. It does not provide specific insights into broader industry trends or competitive dynamics within the quick-service restaurant sector where Arcos Dorados operates, but rather reflects an investment decision by a large asset manager.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional investor's stake, confirming continued passive investment.
• Company Management: Awareness of a large, passive institutional holder.

Key Dates

Keywords

Arcos Dorados Holdings, Teachers Advisors LLC, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, SEC Filing, Investment Management, Passive Investment