Arcos Dorados Holdings Inc. $ARCO Stock Position Reduced by INCA Investments LLC

INCA Investments LLC lessened its holdings in Arcos Dorados Holdings Inc. (NYSE:ARCO) by 35.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 788,001 shares of the restaurant operator’s stock after selling 427,563 shares during the quarter. Arcos Dorados makes up about 2.0% of INCA Investments LLC’s holdings, making the stock its 9th largest position. INCA Investments LLC’s holdings in Arcos Dorados were worth $5,784,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Lazard Asset Management LLC increased its holdings in Arcos Dorados by 35.3% in the third quarter. Lazard Asset Management LLC now owns 20,128,477 shares of the restaurant operator’s stock valued at $135,867,000 after buying an additional 5,255,199 shares during the last quarter. Pzena Investment Management LLC increased its holdings in Arcos Dorados by 74.9% in the third quarter. Pzena Investment Management LLC now owns 11,427,294 shares of the restaurant operator’s stock valued at $77,134,000 after buying an additional 4,893,812 shares during the last quarter. SPX Gestao de Recursos Ltda increased its holdings in Arcos Dorados by 39.9% in the third quarter. SPX Gestao de Recursos Ltda now owns 6,342,621 shares of the restaurant operator’s stock valued at $42,813,000 after buying an additional 1,808,125 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Arcos Dorados by 3.1% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,508,707 shares of the restaurant operator’s stock valued at $27,684,000 after buying an additional 105,972 shares during the last quarter. Finally, Private Management Group Inc. increased its holdings in Arcos Dorados by 6.2% in the third quarter. Private Management Group Inc. now owns 3,379,280 shares of the restaurant operator’s stock valued at $22,810,000 after buying an additional 196,282 shares during the last quarter. Hedge funds and other institutional investors own 55.91% of the company’s stock.

Wall Street Analyst Weigh In

ARCO has been the topic of several recent analyst reports. Santander raised Arcos Dorados to an “outperform” rating in a report on Monday, April 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Arcos Dorados in a report on Monday, April 27th. The Goldman Sachs Group reissued a “buy” rating on shares of Arcos Dorados in a report on Wednesday, April 8th. Finally, Wall Street Zen lowered Arcos Dorados from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Arcos Dorados has a consensus rating of “Hold” and a consensus price target of $8.70.

Arcos Dorados Stock Performance

Shares of ARCO stock opened at $8.63 on Wednesday. The stock’s 50-day moving average is $8.46 and its two-hundred day moving average is $7.96. The firm has a market cap of $1.82 billion, a price-to-earnings ratio of 8.54, a PEG ratio of 3.13 and a beta of 0.47. Arcos Dorados Holdings Inc. has a 1 year low of $6.51 and a 1 year high of $9.75. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.95 and a current ratio of 1.03.

Arcos Dorados (NYSE:ARCO) last issued its quarterly earnings data on Thursday, March 19th. The restaurant operator reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.08). The firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Arcos Dorados had a return on equity of 8.12% and a net margin of 4.53%.The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.28 EPS. Analysts predict that Arcos Dorados Holdings Inc. will post 0.68 earnings per share for the current year.

Arcos Dorados Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 29th. Shareholders of record on Wednesday, December 23rd will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, December 23rd. This represents a $0.28 annualized dividend and a dividend yield of 3.2%. Arcos Dorados’s dividend payout ratio (DPR) is presently 23.76%.

Arcos Dorados Company Profile

Arcos Dorados Holdings Inc is the largest independent McDonald’s franchisee in the world, operating under an exclusive license agreement with McDonald’s Corporation. The company develops, owns and operates quick-service restaurants, offering the full McDonald’s menu, including hamburgers, chicken sandwiches, salads, sides, desserts and McCafé beverages. In addition to restaurant operations, Arcos Dorados manages supply chain logistics, property development, training and support services for its franchise network.

Headquartered in Montevideo, Uruguay, Arcos Dorados serves 20 markets across Latin America and the Caribbean, including Argentina, Brazil, Chile, Colombia, Mexico, Puerto Rico and Uruguay.