Compañía Cervecerías Unidas S.A. (NYSE:CCU) Shares Sold by Genesis Investment Management LLP

Genesis Investment Management LLP trimmed its position in Compañía Cervecerías Unidas S.A. (NYSE:CCU) by 72.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 430,325 shares of the company’s stock after selling 1,159,933 shares during the period. Compañía Cervecerías Unidas accounts for approximately 5.4% of Genesis Investment Management LLP’s investment portfolio, making the stock its 8th biggest holding. Genesis Investment Management LLP owned about 0.23% of Compañía Cervecerías Unidas worth $4,876,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CCU. Blue Trust Inc. increased its holdings in shares of Compañía Cervecerías Unidas by 75.0% in the third quarter. Blue Trust Inc. now owns 31,899 shares of the company’s stock valued at $363,000 after purchasing an additional 13,668 shares during the period. American Century Companies Inc. increased its holdings in Compañía Cervecerías Unidas by 37.5% in the 2nd quarter. American Century Companies Inc. now owns 79,367 shares of the company’s stock worth $903,000 after buying an additional 21,630 shares during the period. Dimensional Fund Advisors LP raised its position in Compañía Cervecerías Unidas by 82.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 166,734 shares of the company’s stock worth $1,897,000 after buying an additional 75,147 shares during the last quarter. Finally, Wellington Management Group LLP lifted its stake in Compañía Cervecerías Unidas by 2.2% during the 3rd quarter. Wellington Management Group LLP now owns 1,892,147 shares of the company’s stock valued at $22,006,000 after acquiring an additional 39,971 shares during the period. Hedge funds and other institutional investors own 24.07% of the company’s stock.

Compañía Cervecerías Unidas Price Performance

NYSE:CCU opened at $11.63 on Tuesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.06 and a quick ratio of 1.44. The company has a 50 day moving average price of $11.40 and a 200-day moving average price of $11.27. Compañía Cervecerías Unidas S.A. has a 1-year low of $10.00 and a 1-year high of $13.74. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of 15.50, a price-to-earnings-growth ratio of 2.10 and a beta of 0.89.

Compañía Cervecerías Unidas Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, January 1st were given a $0.1498 dividend. The ex-dividend date of this dividend was Friday, November 22nd. This represents a dividend yield of 2.4%. This is an increase from Compañía Cervecerías Unidas’s previous semi-annual dividend of $0.10. Compañía Cervecerías Unidas’s dividend payout ratio is 38.67%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. The Goldman Sachs Group reduced their target price on shares of Compañía Cervecerías Unidas from $10.50 to $9.40 and set a “sell” rating for the company in a report on Tuesday, November 12th. Scotiabank upgraded Compañía Cervecerías Unidas from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 7th. Three analysts have rated the stock with a sell rating, one has given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $11.03.

Compañía Cervecerías Unidas Company Profile

Compañía Cervecerías Unidas SA operates as a beverage company in Chile, Argentina, Bolivia, Colombia, Paraguay, and Uruguay. The company operates through three segments: Chile, International Business, and Wine. It produces and sells alcoholic and non-alcoholic beer under proprietary and licensed brands, as well as distributes Pernod Ricard products in non-supermarket retail stores.