Arcos Dorados Holdings Inc. (NYSE:ARCO) Shares Sold by INCA Investments LLC

INCA Investments LLC reduced its holdings in Arcos Dorados Holdings Inc. (NYSE:ARCO) by 13.0% during the 4th quarter, HoldingsChannel reports. The firm owned 541,108 shares of the restaurant operator’s stock after selling 80,506 shares during the quarter. Arcos Dorados comprises about 3.0% of INCA Investments LLC’s investment portfolio, making the stock its 8th biggest position. INCA Investments LLC’s holdings in Arcos Dorados were worth $6,867,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in ARCO. Sapient Capital LLC bought a new position in Arcos Dorados during the fourth quarter worth $3,513,000. Redwood Investments LLC increased its holdings in shares of Arcos Dorados by 82.5% during the 4th quarter. Redwood Investments LLC now owns 491,647 shares of the restaurant operator’s stock worth $6,239,000 after purchasing an additional 222,295 shares during the period. Qube Research & Technologies Ltd raised its position in shares of Arcos Dorados by 46.1% during the third quarter. Qube Research & Technologies Ltd now owns 537,724 shares of the restaurant operator’s stock valued at $5,087,000 after buying an additional 169,590 shares during the last quarter. Nordea Investment Management AB raised its position in shares of Arcos Dorados by 30.5% during the fourth quarter. Nordea Investment Management AB now owns 343,237 shares of the restaurant operator’s stock valued at $4,342,000 after buying an additional 80,182 shares during the last quarter. Finally, HBK Sorce Advisory LLC lifted its stake in shares of Arcos Dorados by 29.0% in the fourth quarter. HBK Sorce Advisory LLC now owns 17,672 shares of the restaurant operator’s stock valued at $224,000 after buying an additional 3,971 shares during the period. 55.91% of the stock is owned by institutional investors and hedge funds.

Arcos Dorados Stock Performance

ARCO traded up $0.04 during trading on Monday, reaching $10.88. 2,466,482 shares of the company’s stock were exchanged, compared to its average volume of 1,096,395. The company has a market capitalization of $2.29 billion, a P/E ratio of 12.79, a PEG ratio of 0.90 and a beta of 1.26. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 1.38. The business has a 50 day moving average price of $11.25 and a 200 day moving average price of $11.38. Arcos Dorados Holdings Inc. has a fifty-two week low of $7.78 and a fifty-two week high of $13.20.

Arcos Dorados (NYSE:ARCO) last released its quarterly earnings data on Wednesday, March 13th. The restaurant operator reported $0.27 EPS for the quarter. The company had revenue of $1.16 billion during the quarter. Arcos Dorados had a net margin of 4.18% and a return on equity of 43.72%. As a group, analysts predict that Arcos Dorados Holdings Inc. will post 0.95 earnings per share for the current fiscal year.

Arcos Dorados Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 23rd will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date is Monday, December 23rd. Arcos Dorados’s payout ratio is 28.24%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Arcos Dorados from a “buy” rating to a “hold” rating in a research note on Thursday, April 4th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Arcos Dorados presently has an average rating of “Moderate Buy” and an average target price of $13.38.

Arcos Dorados Company Profile

Arcos Dorados Holdings Inc operates as a franchisee of McDonald's restaurants. It has the exclusive right to own, operate, and grant franchises of McDonald's restaurants in 20 countries and territories in Latin America and the Caribbean, including Argentina, Aruba, Brazil, Chile, Colombia, Costa Rica, Curacao, Ecuador, French Guiana, Guadeloupe, Martinique, Mexico, Panama, Peru, Puerto Rico, Trinidad and Tobago, Uruguay, the U.S.