INCA Investments LLC Sells 80,506 Shares of Arcos Dorados Holdings Inc. (NYSE:ARCO)

INCA Investments LLC trimmed its holdings in shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) by 13.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 541,108 shares of the restaurant operator’s stock after selling 80,506 shares during the period. Arcos Dorados accounts for about 3.0% of INCA Investments LLC’s holdings, making the stock its 8th biggest holding. INCA Investments LLC owned approximately 0.26% of Arcos Dorados worth $6,867,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in ARCO. Avior Wealth Management LLC lifted its position in shares of Arcos Dorados by 60.6% during the third quarter. Avior Wealth Management LLC now owns 2,730 shares of the restaurant operator’s stock worth $26,000 after purchasing an additional 1,030 shares in the last quarter. Bfsg LLC purchased a new position in shares of Arcos Dorados during the 3rd quarter valued at approximately $186,000. Clough Capital Partners L P bought a new position in Arcos Dorados during the 3rd quarter valued at $195,000. HBK Sorce Advisory LLC grew its stake in Arcos Dorados by 29.0% in the fourth quarter. HBK Sorce Advisory LLC now owns 17,672 shares of the restaurant operator’s stock worth $224,000 after purchasing an additional 3,971 shares in the last quarter. Finally, Avalon Capital Management acquired a new position in shares of Arcos Dorados in the 4th quarter worth approximately $294,000. 55.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Arcos Dorados from a “buy” rating to a “hold” rating in a report on Thursday, April 4th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Arcos Dorados currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.38.

Arcos Dorados Stock Performance

Shares of ARCO traded up $0.04 during midday trading on Monday, hitting $10.88. 2,466,482 shares of the stock traded hands, compared to its average volume of 1,096,395. The business’s 50 day moving average price is $11.25 and its two-hundred day moving average price is $11.38. The firm has a market capitalization of $2.29 billion, a PE ratio of 12.79, a price-to-earnings-growth ratio of 0.90 and a beta of 1.26. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.66 and a current ratio of 0.72. Arcos Dorados Holdings Inc. has a 1-year low of $7.78 and a 1-year high of $13.20.

Arcos Dorados (NYSE:ARCO) last posted its earnings results on Wednesday, March 13th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter. The firm 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%. Equities research analysts predict that Arcos Dorados Holdings Inc. will post 0.95 EPS for the current fiscal year.

Arcos Dorados Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 23rd will be paid a $0.06 dividend. The ex-dividend date is Monday, December 23rd. This represents a $0.24 annualized dividend and a dividend yield of 2.21%. Arcos Dorados’s payout ratio is 28.24%.

About Arcos Dorados

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.