Arcos Dorados Holdings Inc. $ARCO is INCA Investments LLC’s 9th Largest Position

INCA Investments LLC trimmed its position in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) by 35.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 788,001 shares of the restaurant operator’s stock after selling 427,563 shares during the period. Arcos Dorados makes up about 2.0% of INCA Investments LLC’s holdings, making the stock its 9th largest holding. INCA Investments LLC owned about 0.37% of Arcos Dorados worth $5,784,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Quarry LP acquired a new position in Arcos Dorados during the third quarter worth $45,000. Aquatic Capital Management LLC acquired a new position in Arcos Dorados during the third quarter worth $53,000. Truist Financial Corp acquired a new position in Arcos Dorados during the fourth quarter worth $76,000. Tudor Investment Corp ET AL acquired a new position in Arcos Dorados during the third quarter worth $73,000. Finally, Tower Bridge Advisors acquired a new position in Arcos Dorados during the third quarter worth $75,000. 55.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on the company. Wall Street Zen cut Arcos Dorados from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Santander upgraded Arcos Dorados to an “outperform” rating in a research note on Monday, April 20th. Weiss Ratings restated a “hold (c)” rating on shares of Arcos Dorados in a research note on Monday, April 27th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Arcos Dorados in a research note on Wednesday, April 8th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Arcos Dorados has a consensus rating of “Hold” and an average target price of $8.70.

Arcos Dorados Stock Down 0.2%

Shares of NYSE ARCO opened at $8.63 on Wednesday. The stock has a market cap of $1.82 billion, a P/E ratio of 8.54, a PEG ratio of 3.13 and a beta of 0.47. The company has a current ratio of 1.03, a quick ratio of 0.95 and a debt-to-equity ratio of 1.46. Arcos Dorados Holdings Inc. has a 12-month low of $6.51 and a 12-month high of $9.75. The business’s fifty day simple moving average is $8.46 and its 200-day simple moving average is $7.96.

Arcos Dorados (NYSE:ARCO) last announced 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 company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.26 billion. Arcos Dorados had a net margin of 4.53% and a return on equity of 8.12%. The firm’s revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.28 earnings per share. As a group, equities analysts predict that Arcos Dorados Holdings Inc. will post 0.68 EPS for the current fiscal year.

Arcos Dorados Dividend Announcement

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

Arcos Dorados 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.