Dynamic Technology Lab Private Ltd Purchases New Holdings in Compañía Cervecerías Unidas S.A. (NYSE:CCU)

Dynamic Technology Lab Private Ltd purchased a new stake in Compañía Cervecerías Unidas S.A. (NYSE:CCU) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 30,522 shares of the company’s stock, valued at approximately $383,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Jump Financial LLC raised its holdings in Compañía Cervecerías Unidas by 24.0% in the 3rd quarter. Jump Financial LLC now owns 15,000 shares of the company’s stock valued at $189,000 after acquiring an additional 2,900 shares during the last quarter. First Eagle Investment Management LLC raised its holdings in Compañía Cervecerías Unidas by 1.3% in the 3rd quarter. First Eagle Investment Management LLC now owns 15,102,801 shares of the company’s stock valued at $190,295,000 after acquiring an additional 193,876 shares during the last quarter. MQS Management LLC acquired a new stake in Compañía Cervecerías Unidas in the 3rd quarter valued at about $289,000. Wellington Management Group LLP raised its holdings in Compañía Cervecerías Unidas by 5.1% in the 3rd quarter. Wellington Management Group LLP now owns 510,194 shares of the company’s stock valued at $6,428,000 after acquiring an additional 24,908 shares during the last quarter. Finally, Naples Global Advisors LLC raised its holdings in Compañía Cervecerías Unidas by 78.1% in the 4th quarter. Naples Global Advisors LLC now owns 30,095 shares of the company’s stock valued at $377,000 after acquiring an additional 13,200 shares during the last quarter. 24.07% of the stock is owned by hedge funds and other institutional investors.

Compañía Cervecerías Unidas Stock Performance

Shares of NYSE CCU opened at $12.87 on Monday. The company has a 50 day simple moving average of $12.38 and a 200-day simple moving average of $12.26. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.81 and a current ratio of 2.48. Compañía Cervecerías Unidas S.A. has a 1 year low of $10.82 and a 1 year high of $17.74.

Compañía Cervecerías Unidas (NYSE:CCU) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $0.30 earnings per share (EPS) for the quarter. The business had revenue of $796.75 million during the quarter. Compañía Cervecerías Unidas had a net margin of 3.61% and a return on equity of 6.31%. During the same quarter in the prior year, the business earned $0.38 EPS. On average, analysts anticipate that Compañía Cervecerías Unidas S.A. will post 0.81 EPS for the current year.

Compañía Cervecerías Unidas Cuts Dividend

The business also recently disclosed a Semi-Annual dividend, which was paid on Tuesday, May 7th. Investors of record on Wednesday, April 24th were given a dividend of $0.102 per share. The ex-dividend date of this dividend was Tuesday, April 23rd. This represents a dividend yield of 1.9%. Compañía Cervecerías Unidas’s payout ratio is currently 37.93%.

Analyst Upgrades and Downgrades

A number of analysts have commented on CCU shares. Bank of America downgraded shares of Compañía Cervecerías Unidas from a “neutral” rating to an “underperform” rating and increased their price objective for the company from $12.60 to $13.70 in a report on Thursday. StockNews.com downgraded shares of Compañía Cervecerías Unidas from a “strong-buy” rating to a “buy” rating in a report on Friday, March 8th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $14.21.

Compañía Cervecerías Unidas 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.