<SEC-DOCUMENT>0000930413-25-000552.txt : 20250213
<SEC-HEADER>0000930413-25-000552.hdr.sgml : 20250213
<ACCEPTANCE-DATETIME>20250213071345
ACCESSION NUMBER:		0000930413-25-000552
CONFORMED SUBMISSION TYPE:	SCHEDULE 13G/A
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20250213
DATE AS OF CHANGE:		20250213

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Arcos Dorados Holdings Inc.
		CENTRAL INDEX KEY:			0001508478
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-EATING PLACES [5812]
		ORGANIZATION NAME:           	07 Trade & Services
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-86210
		FILM NUMBER:		25617191

	BUSINESS ADDRESS:	
		STREET 1:		RIO NEGRO 1338, FIRST FLOOR
		CITY:			MONTEVIDEO
		STATE:			X3
		ZIP:			11300
		BUSINESS PHONE:		598 2626-3000

	MAIL ADDRESS:	
		STREET 1:		RIO NEGRO 1338, FIRST FLOOR
		CITY:			MONTEVIDEO
		STATE:			X3
		ZIP:			11300

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TEACHERS ADVISORS, LLC
		CENTRAL INDEX KEY:			0000939222
		ORGANIZATION NAME:           	AD 09 Branch 9A
		IRS NUMBER:				133760073
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G/A

	BUSINESS ADDRESS:	
		STREET 1:		730 THIRD AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017-3206
		BUSINESS PHONE:		212-490-9000

	MAIL ADDRESS:	
		STREET 1:		730 THIRD AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017-3206

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TEACHERS ADVISORS INC
		DATE OF NAME CHANGE:	19990329
</SEC-HEADER>
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<TYPE>SCHEDULE 13G/A
<SEQUENCE>1
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    <submissionType>SCHEDULE 13G/A</submissionType>
    <previousAccessionNumber>0000930413-16-008425</previousAccessionNumber>
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    <coverPageHeader>
      <amendmentNo>9</amendmentNo>
      <securitiesClassTitle>Common Stock</securitiesClassTitle>
      <eventDateRequiresFilingThisStatement>12/31/2024</eventDateRequiresFilingThisStatement>
      <issuerInfo>
        <issuerCik>0001508478</issuerCik>
        <issuerName>Arcos Dorados Holdings, Inc.-A</issuerName>
        <issuerCusip>G0457F107</issuerCusip>
        <issuerPrincipalExecutiveOfficeAddress>
          <com:street1>Rio Negro 1338</com:street1>
          <com:street2>First Floor</com:street2>
          <com:city>Montevideo</com:city>
          <com:stateOrCountry>X3</com:stateOrCountry>
          <com:zipCode>11100</com:zipCode>
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        <designateRulePursuantThisScheduleFiled>Rule 13d-1(b)</designateRulePursuantThisScheduleFiled>
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      <reportingPersonName>Teachers Advisors, LLC</reportingPersonName>
      <citizenshipOrOrganization>DE</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>4912649.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
        <soleDispositivePower>4912649.00</soleDispositivePower>
        <sharedDispositivePower>0.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>4912649.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>3.76</classPercent>
      <typeOfReportingPerson>IA</typeOfReportingPerson>
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        <issuerName>Arcos Dorados Holdings, Inc.-A</issuerName>
        <issuerPrincipalExecutiveOfficeAddress>Rio Negro 1338, First Floor, Montevideo, Uruguay, 11100</issuerPrincipalExecutiveOfficeAddress>
      </item1>
      <item2>
        <filingPersonName>Teachers Advisors, LLC ("TAL")</filingPersonName>
        <principalBusinessOfficeOrResidenceAddress>730 Third Avenue
New York, NY 10017-3206</principalBusinessOfficeOrResidenceAddress>
        <citizenship>Delaware</citizenship>
      </item2>
      <item3>
        <notApplicableFlag>N</notApplicableFlag>
        <typeOfPersonFiling>IA</typeOfPersonFiling>
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      <item4>
        <amountBeneficiallyOwned>13,725,604</amountBeneficiallyOwned>
        <classPercent>10.50</classPercent>
        <numberOfSharesPersonHas>
          <solePowerOrDirectToVote>4,912,649</solePowerOrDirectToVote>
          <sharedPowerOrDirectToVote>0</sharedPowerOrDirectToVote>
          <solePowerOrDirectToDispose>4,912,649</solePowerOrDirectToDispose>
          <sharedPowerOrDirectToDispose>0</sharedPowerOrDirectToDispose>
        </numberOfSharesPersonHas>
      </item4>
      <item5>
        <notApplicableFlag>Y</notApplicableFlag>
      </item5>
      <item6>
        <notApplicableFlag>N</notApplicableFlag>
        <ownershipMoreThan5PercentOnBehalfOfAnotherPerson>See Exhibit A attached</ownershipMoreThan5PercentOnBehalfOfAnotherPerson>
      </item6>
      <item7>
        <notApplicableFlag>Y</notApplicableFlag>
      </item7>
      <item8>
        <notApplicableFlag>Y</notApplicableFlag>
      </item8>
      <item9>
        <notApplicableFlag>Y</notApplicableFlag>
      </item9>
      <item10>
        <notApplicableFlag>N</notApplicableFlag>
        <certifications>By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.</certifications>
      </item10>
    </items>
    <exhibitInfo>Exhibit 99.A</exhibitInfo>
    <signatureInformation>
      <reportingPersonName>Teachers Advisors, LLC</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Stuart R. Brunet</signature>
        <title>Stuart Brunet, Managing Director, Chief Compliance Officer</title>
        <date>02/13/2025</date>
      </signatureDetails>
    </signatureInformation>
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<DOCUMENT>
<TYPE>EX-99.A
<SEQUENCE>2
<FILENAME>c111634_ex-99a.htm
<TEXT>
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     <TITLE></TITLE>
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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><U>EXHIBIT A</U></B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><B>ITEM 6. OWNERSHIP.</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><A NAME="OLE_LINK2"></A>Nuveen Asset Management, LLC (&ldquo;NAM&rdquo;),
is a registered investment adviser affiliated with TCIM and TAL. NAM may be deemed to be a beneficial owner of 461 shares of Issuer&rsquo;s
common stock. TIAA-CREF Investment Management, LLC (&ldquo;TCIM&rdquo;) is the investment adviser to the College Retirement Equities Fund
(&ldquo;CREF&rdquo;), a registered investment company, and may be deemed to be a beneficial owner of 8,812,494 shares of Issuer&rsquo;s
common stock owned by CREF. Teachers Advisors, LLC (&ldquo;TAL&rdquo;) is the investment adviser to three registered investment companies,
TIAA-CREF Funds (&ldquo;Funds&rdquo;), TIAA-CREF Life Funds (&ldquo;Life Funds&rdquo;), and TIAA Separate Account VA-1 (&ldquo;VA-1&rdquo;),
as well as one or more separately managed accounts of Advisors (collectively, the &ldquo;Separate Accounts&rdquo;), and may be deemed
to be a beneficial owner of 4,912,649 shares of Issuer&rsquo;s common stock owned separately by Funds, Life Funds, VA-1, and/or the Separate
Accounts.. These shares were acquired in the ordinary course of business, and not with the purpose or effect of changing or influencing
control of the Issuer.</P>

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