R Squared Ltd Acquires Shares of 11,150 Compañía Cervecerías Unidas S.A. (NYSE:CCU)

R Squared Ltd acquired a new position in shares of Compañía Cervecerías Unidas S.A. (NYSE:CCU) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 11,150 shares of the company’s stock, valued at approximately $126,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of CCU. Ballentine Partners LLC purchased a new stake in Compañía Cervecerías Unidas during the 4th quarter worth about $116,000. American Century Companies Inc. lifted its stake in Compañía Cervecerías Unidas by 37.5% during the second quarter. American Century Companies Inc. now owns 79,367 shares of the company’s stock worth $903,000 after purchasing an additional 21,630 shares during the last quarter. Genesis Investment Management LLP boosted its holdings in Compañía Cervecerías Unidas by 33.9% in the third quarter. Genesis Investment Management LLP now owns 1,590,258 shares of the company’s stock valued at $18,495,000 after purchasing an additional 402,593 shares in the last quarter. Wellington Management Group LLP increased its stake in Compañía Cervecerías Unidas by 2.2% in the third quarter. Wellington Management Group LLP now owns 1,892,147 shares of the company’s stock valued at $22,006,000 after purchasing an additional 39,971 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in Compañía Cervecerías Unidas by 75.0% during the third quarter. Blue Trust Inc. now owns 31,899 shares of the company’s stock worth $363,000 after purchasing an additional 13,668 shares in the last quarter. Institutional investors and hedge funds own 24.07% of the company’s stock.

Wall Street Analyst Weigh In

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

Compañía Cervecerías Unidas Trading Up 0.8 %

Shares of CCU stock opened at $11.95 on Thursday. The company has a market capitalization of $2.21 billion, a P/E ratio of 15.93, a price-to-earnings-growth ratio of 2.14 and a beta of 0.89. The company has a current ratio of 2.06, a quick ratio of 1.44 and a debt-to-equity ratio of 0.80. The business’s 50 day moving average is $11.54 and its two-hundred day moving average is $11.28. Compañía Cervecerías Unidas S.A. has a twelve month low of $10.00 and a twelve month high of $13.74.

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 paid a $0.1498 dividend. This is a boost from Compañía Cervecerías Unidas’s previous semi-annual dividend of $0.10. This represents a yield of 2.4%. The ex-dividend date of this dividend was Friday, November 22nd. Compañía Cervecerías Unidas’s payout ratio is currently 38.67%.

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.