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

INCA Investments LLC trimmed its holdings in Arcos Dorados Holdings Inc. (NYSE:ARCO) by 11.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,389,408 shares of the restaurant operator’s stock after selling 444,592 shares during the period. Arcos Dorados comprises about 7.2% of INCA Investments LLC’s investment portfolio, making the stock its 6th biggest position. INCA Investments LLC owned about 1.64% of Arcos Dorados worth $17,252,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Nuveen Asset Management LLC lifted its position in shares of Arcos Dorados by 1.3% in the first quarter. Nuveen Asset Management LLC now owns 19,133,175 shares of the restaurant operator’s stock valued at $97,387,000 after acquiring an additional 247,775 shares in the last quarter. Moerus Capital Management LLC lifted its position in shares of Arcos Dorados by 8.9% in the fourth quarter. Moerus Capital Management LLC now owns 6,060,025 shares of the restaurant operator’s stock worth $30,482,000 after buying an additional 495,588 shares in the last quarter. Morgan Stanley lifted its position in shares of Arcos Dorados by 20.9% in the fourth quarter. Morgan Stanley now owns 3,406,468 shares of the restaurant operator’s stock worth $17,135,000 after buying an additional 589,461 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Arcos Dorados by 779.4% in the first quarter. JPMorgan Chase & Co. now owns 3,306,066 shares of the restaurant operator’s stock worth $16,828,000 after buying an additional 2,930,101 shares in the last quarter. Finally, BlackRock Inc. lifted its position in shares of Arcos Dorados by 10.4% in the first quarter. BlackRock Inc. now owns 2,781,931 shares of the restaurant operator’s stock worth $14,160,000 after buying an additional 262,561 shares in the last quarter. Institutional investors and hedge funds own 39.48% of the company’s stock.

NYSE:ARCO traded up $0.11 during midday trading on Thursday, hitting $5.91. The stock had a trading volume of 3,125 shares, compared to its average volume of 799,815. Arcos Dorados Holdings Inc. has a one year low of $3.86 and a one year high of $6.82. The company’s 50-day simple moving average is $6.19. The company has a quick ratio of 0.73, a current ratio of 0.80 and a debt-to-equity ratio of 4.75.

Arcos Dorados (NYSE:ARCO) last posted its earnings results on Tuesday, May 11th. The restaurant operator reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.13). The company had revenue of $559.84 million for the quarter, compared to analysts’ expectations of $554.79 million. Arcos Dorados had a negative return on equity of 73.32% and a negative net margin of 6.50%. On average, sell-side analysts anticipate that Arcos Dorados Holdings Inc. will post 0.07 EPS for the current fiscal year.

The business also recently announced a dividend, which will be paid on Friday, July 23rd. Shareholders of record on Wednesday, July 14th will be issued a dividend of $0.1086 per share. The ex-dividend date is Tuesday, July 13th. This represents a yield of 1.82%. Arcos Dorados’s dividend payout ratio is currently -8.33%.

Several brokerages have weighed in on ARCO. The Goldman Sachs Group began coverage on Arcos Dorados in a research note on Wednesday, April 28th. They set a “neutral” rating and a $5.60 price objective on the stock. Zacks Investment Research cut Arcos Dorados from a “buy” rating to a “hold” rating in a research note on Wednesday. JPMorgan Chase & Co. began coverage on Arcos Dorados in a research note on Friday, July 2nd. They set a “buy” rating and a $8.50 price objective on the stock. Finally, TheStreet raised Arcos Dorados from a “d+” rating to a “c-” rating in a research note on Friday, May 7th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Arcos Dorados presently has an average rating of “Hold” and a consensus price target of $6.78.

Arcos Dorados Profile

Arcos Dorados Holdings Inc operates as a franchisee of McDonald's restaurants. The company 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.

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Institutional Ownership by Quarter for Arcos Dorados (NYSE:ARCO)

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