INCA Investments LLC Cuts Stock Position in Arcos Dorados Holdings Inc. $ARCO

INCA Investments LLC cut its holdings in Arcos Dorados Holdings Inc. (NYSE:ARCO) by 13.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,215,564 shares of the restaurant operator’s stock after selling 182,989 shares during the quarter. Arcos Dorados comprises approximately 3.8% of INCA Investments LLC’s holdings, making the stock its 8th largest position. INCA Investments LLC’s holdings in Arcos Dorados were worth $8,205,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of ARCO. Seafarer Capital Partners LLC raised its holdings in shares of Arcos Dorados by 53.8% during the 3rd quarter. Seafarer Capital Partners LLC now owns 400,000 shares of the restaurant operator’s stock valued at $2,700,000 after purchasing an additional 140,000 shares in the last quarter. General American Investors Co. Inc. boosted its stake in shares of Arcos Dorados by 62.2% during the 3rd quarter. General American Investors Co. Inc. now owns 700,178 shares of the restaurant operator’s stock worth $4,726,000 after acquiring an additional 268,484 shares in the last quarter. Inlet Private Wealth LLC raised its stake in shares of Arcos Dorados by 11.6% in the 3rd quarter. Inlet Private Wealth LLC now owns 411,988 shares of the restaurant operator’s stock valued at $2,781,000 after acquiring an additional 42,900 shares in the last quarter. VELA Investment Management LLC lifted its holdings in Arcos Dorados by 48.0% in the 3rd quarter. VELA Investment Management LLC now owns 151,000 shares of the restaurant operator’s stock worth $1,019,000 after purchasing an additional 49,000 shares during the last quarter. Finally, Arkadios Wealth Advisors bought a new stake in Arcos Dorados during the third quarter worth approximately $76,000. Institutional investors and hedge funds own 55.91% of the company’s stock.

Arcos Dorados Stock Up 0.7%

ARCO stock opened at $8.24 on Tuesday. The business’s 50-day simple moving average is $7.54 and its 200 day simple moving average is $7.21. The company has a quick ratio of 0.81, a current ratio of 0.89 and a debt-to-equity ratio of 1.32. The company has a market cap of $1.72 billion, a PE ratio of 7.04, a price-to-earnings-growth ratio of 3.01 and a beta of 0.46. Arcos Dorados Holdings Inc. has a twelve month low of $6.51 and a twelve month high of $8.52.

Arcos Dorados (NYSE:ARCO) last announced its quarterly earnings data on Wednesday, November 12th. The restaurant operator reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.02. The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.28 billion. Arcos Dorados had a return on equity of 20.42% and a net margin of 5.39%.Arcos Dorados’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.17 EPS. On average, research analysts anticipate that Arcos Dorados Holdings Inc. will post 0.63 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on ARCO shares. JPMorgan Chase & Co. reduced their price objective on shares of Arcos Dorados from $8.80 to $8.70 and set a “neutral” rating for the company in a research note on Tuesday, November 11th. Zacks Research raised Arcos Dorados from a “strong sell” rating to a “hold” rating in a research report on Friday, November 21st. Wall Street Zen raised Arcos Dorados from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Arcos Dorados in a report on Monday, December 29th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Arcos Dorados currently has an average rating of “Hold” and a consensus target price of $8.70.

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.