Lazard Asset Management LLC Acquires 17.7% Stake in Arcos Dorados Holdings Inc

Lazard Asset Management LLC filed a Schedule 13G on May 15, 2026, disclosing a significant new ownership stake in Arcos Dorados Holdings Inc (ARCO). As of the event date of March 31, 2026, the investment firm reported beneficial ownership of 23,174,841 shares, representing a 17.7% stake in the company. This filing indicates a substantial increase from a previous 0.0% position, marking a major entry into the stock. Lazard Asset Management reported sole voting and dispositive power over the entire share amount. The filing was made under Rule 13d-1(b), which applies to institutional investment managers acquiring securities in the ordinary course of business without the intent to change or influence the control of the issuer. Arcos Dorados Holdings Inc, headquartered in Montevideo, Uruguay, is the world's largest independent McDonald's franchisee. This high-importance filing highlights a major institutional commitment to the company, positioning Lazard as a top-tier shareholder.