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Arcos Dorados Holdings Inc., the exclusive franchisee of McDonald's in 20 Latin American and Caribbean countries, reported a quarterly EPS of $0.28, exceeding estimates. The company announced a quarterly dividend of $0.06 per share, with a yield of 2.95%. Institutional investors hold 55.91% of its stock, while analysts have recently downgraded its rating from "buy" to "hold."
Santander Private Banking has been recognized as the Best International Private Bank in multiple Latin American countries, including Argentina, Brazil, and Mexico, by Euromoney. The bank also excelled in discretionary portfolio management and services for High Net Worth Individuals across various regions. With nearly 500 billion euros in assets under management and a significant profit increase, Santander continues to emphasize customer focus and innovation in its global operations.
Sister Susan Francois and the Sisters of St Joseph of Peace have gained approval from the SEC to present a shareholder resolution at Citigroup's annual meeting, urging the bank to reconsider its financial ties to fossil fuel projects affecting Indigenous communities. Despite Citigroup's previous dismissals and claims of addressing these concerns, the sisters emphasize the need for corporate accountability and the protection of human rights. Their advocacy reflects a long-standing commitment to social justice and environmental stewardship rooted in their faith.
Morgan Stanley Investment Management has announced a portfolio management change for the Morgan Stanley China A Share Fund, Inc. In other news, Indian equities continued to rise, driven by gains in banks and energy stocks, while Citigroup adjusted its price target on Morgan Stanley to $125, maintaining a neutral rating. Additionally, Morgan Stanley raised its GDP growth forecast for China in 2025.
Czech National Bank increased its stake in Freeport-McMoRan by 6.4%, owning 311,555 shares valued at $11.86 million after acquiring 18,852 additional shares. Analysts have mixed ratings on the stock, with a consensus "Moderate Buy" and a target price of $52.04, indicating potential upside. The company, engaged in mining across various regions, reported a net margin of 7.42% and a return on equity of 7.50%.
Santander and Grupo Atitlan have raised €300 million in the first closing of their agricultural investment vehicle, ATGRO SCR, aiming for €500 million by Q3 2025. The fund has invested €125 million in pistachio plantations and Ecosac, Peru's second-largest exporter of seedless table grapes, and is in talks with institutional investors to expand its portfolio.
Rabobank has appointed Pollyana Saraiva as the new State Manager for Country Banking in Queensland, succeeding Brad James, who is retiring after over 20 years. With nearly 30 years of experience in financial services and agribusiness, Saraiva previously led Rabobank's rural banking operations in Latin America and is committed to enhancing support for agricultural producers in Queensland. She expressed enthusiasm for contributing to the region's agricultural sector and helping clients achieve their business aspirations.
Southern Copper Co. is projected to report earnings of $4.66 per share for the current fiscal year. The company recently increased its quarterly dividend to $0.70, reflecting a 2.91% yield, while analysts maintain a "Hold" rating with a consensus price target of $97.31. Despite mixed ratings from research analysts, the stock has shown resilience, opening at $96.13 with a market cap of $75.51 billion.
Robeco Institutional Asset Management B.V. increased its stake in Southern Copper Corporation, owning 137,019 shares valued at $12.5 million. The company, engaged in mining and refining copper and other minerals across several countries, has received mixed ratings from analysts, with a consensus rating of "Hold" and a price target of $97.31. Recently, UBS upgraded the stock to "Buy" with a target of $120, indicating a potential upside of 32.89%.
UBS upgraded Southern Copper (SCCO) from Neutral to Buy on March 13, 2025, with a one-year price target average of $96.41/share, indicating a 4.40% upside from its recent closing price of $92.35. Institutional ownership has increased by 3.60% over the last three months, with a bullish put/call ratio of 0.91. The company, primarily owned by Grupo Mexico, operates in Mexico and Peru and is a leading copper producer globally.
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arcos dorados reports earnings growth and dividend announcement amid stock fluctuations
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09:03 31.03.2025
santander private banking recognized as leader in international wealth management awards
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10:04 28.03.2025
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01:52 25.03.2025
Morgan Stanley announces management changes for China A Share Fund
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13:46 24.03.2025
Czech National Bank increases stake in Freeport-McMoRan amid analyst upgrades
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13:12 21.03.2025
santander and atitlan secure 300 million for agricultural investment fund
12:35 17.03.2025
Rabobank appoints Pollyana Saraiva as new Queensland state manager
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23:34 16.03.2025
southern copper announces dividend increase and earnings expectations for fiscal year
08:53 15.03.2025
southern copper upgraded to buy as institutional investment increases
13:25 14.03.2025
ubs upgrades southern copper to buy with positive price forecast
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01:04 14.03.2025
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