<SEC-DOCUMENT>0001207017-25-000066.txt : 20250814
<SEC-HEADER>0001207017-25-000066.hdr.sgml : 20250814
<ACCEPTANCE-DATETIME>20250814170609
ACCESSION NUMBER:		0001207017-25-000066
CONFORMED SUBMISSION TYPE:	SCHEDULE 13G
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20250814
DATE AS OF CHANGE:		20250814

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
		EIN:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-86210
		FILM NUMBER:		251220816

	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:			LAZARD ASSET MANAGEMENT LLC
		CENTRAL INDEX KEY:			0001207017
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			DE

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G

	BUSINESS ADDRESS:	
		STREET 1:		30 ROCKEFELLER PLZ
		STREET 2:		56TH FL.
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10112
		BUSINESS PHONE:		2126321890

	MAIL ADDRESS:	
		STREET 1:		30 ROCKEFELLER PLZ
		STREET 2:		56TH FL.
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10112
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13G
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13g" xmlns:com="http://www.sec.gov/edgar/common">
<headerData>
<submissionType>SCHEDULE 13G</submissionType> 	     <filerInfo>
<filer>
<filerCredentials>
<cik>0001207017</cik>           <ccc>XXXXXXXX</ccc>
</filerCredentials>
</filer>       <liveTestFlag>LIVE</liveTestFlag>              </filerInfo>
</headerData>   <formData>
<coverPageHeader>
<securitiesClassTitle>Equity</securitiesClassTitle>       <eventDateRequiresFilingThisStatement>06/30/2025</eventDateRequiresFilingThisStatement>       <issuerInfo>
<issuerCik>0001508478</issuerCik>         <issuerName>Arcos Dorados Holdings Inc</issuerName>         <issuerCusip>G0457F107</issuerCusip>         <issuerPrincipalExecutiveOfficeAddress>
<com:street1>RIO NEGRO 1338 FIRST FLOOR</com:street1>           <com:city>MONTEVIDEO</com:city>           <com:stateOrCountry>X3</com:stateOrCountry>           <com:zipCode>11300</com:zipCode>
</issuerPrincipalExecutiveOfficeAddress>
</issuerInfo>       <designateRulesPursuantThisScheduleFiled>
<designateRulePursuantThisScheduleFiled>Rule 13d-1(c)</designateRulePursuantThisScheduleFiled>
</designateRulesPursuantThisScheduleFiled>
</coverPageHeader>   	<coverPageHeaderReportingPersonDetails> 	         <reportingPersonName>Lazard Asset Management LLC</reportingPersonName> 	         <citizenshipOrOrganization>NY</citizenshipOrOrganization>       <reportingPersonBeneficiallyOwnedNumberOfShares>
<soleVotingPower>9530924</soleVotingPower>         <sharedVotingPower>0.00</sharedVotingPower>         <soleDispositivePower>14987284</soleDispositivePower>         <sharedDispositivePower>0.00</sharedDispositivePower>
</reportingPersonBeneficiallyOwnedNumberOfShares>       <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>14987284</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>       <classPercent>11.5</classPercent>      	                              <typeOfReportingPerson>IA</typeOfReportingPerson>
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<item1>
<issuerName>Arcos Dorados Holdings Inc</issuerName>         <issuerPrincipalExecutiveOfficeAddress>RIO NEGRO 1338 FIRST FLOOR MONTEVIDEO URUGUAY 11300</issuerPrincipalExecutiveOfficeAddress>
</item1>        <item2>
<filingPersonName>Lazard Asset Management LLC   </filingPersonName>         <principalBusinessOfficeOrResidenceAddress>30 Rockefeller Plaza, New York, 10112, NY, United States</principalBusinessOfficeOrResidenceAddress>         <citizenship>NEW YORK   </citizenship>
</item2>       <item3>
<notApplicableFlag>Y</notApplicableFlag>
</item3>       <item4>
<amountBeneficiallyOwned>14987284   </amountBeneficiallyOwned>         <classPercent>11.5</classPercent>         <numberOfSharesPersonHas>
<solePowerOrDirectToVote>9530924   </solePowerOrDirectToVote>           <sharedPowerOrDirectToVote>0   </sharedPowerOrDirectToVote>           <solePowerOrDirectToDispose>14987284   </solePowerOrDirectToDispose>           <sharedPowerOrDirectToDispose>0   </sharedPowerOrDirectToDispose>
</numberOfSharesPersonHas>
</item4>       <item5>
<notApplicableFlag>Y</notApplicableFlag>         <classOwnership5PercentOrLess>N</classOwnership5PercentOrLess>
</item5>       <item6>
<notApplicableFlag>Y</notApplicableFlag>
</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 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> 	     <signatureInformation>
<reportingPersonName>Lazard Asset Management LLC</reportingPersonName>       <signatureDetails>
<signature>Mark Anderson</signature>         <title>Managing Director, General Counsel</title>         <date>08/14/2025</date>
</signatureDetails>
</signatureInformation>
</formData>
</edgarSubmission>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
