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

R Squared Ltd bought a new position in Compañía Cervecerías Unidas S.A. (NYSE:CCU) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 11,150 shares of the company’s stock, valued at approximately $126,000.

Several other institutional investors have also modified their holdings of the stock. Ballentine Partners LLC acquired a new stake in Compañía Cervecerías Unidas during the fourth quarter worth about $116,000. Blue Trust Inc. raised its position in shares of Compañía Cervecerías Unidas by 75.0% during the 3rd quarter. Blue Trust Inc. now owns 31,899 shares of the company’s stock valued at $363,000 after buying an additional 13,668 shares during the period. American Century Companies Inc. lifted its holdings in Compañía Cervecerías Unidas by 37.5% in the second quarter. American Century Companies Inc. now owns 79,367 shares of the company’s stock valued at $903,000 after acquiring an additional 21,630 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Compañía Cervecerías Unidas by 82.0% in the second quarter. Dimensional Fund Advisors LP now owns 166,734 shares of the company’s stock worth $1,897,000 after acquiring an additional 75,147 shares during the period. Finally, Genesis Investment Management LLP increased its stake in Compañía Cervecerías Unidas by 33.9% during the third quarter. Genesis Investment Management LLP now owns 1,590,258 shares of the company’s stock worth $18,495,000 after acquiring an additional 402,593 shares during the last quarter. Hedge funds and other institutional investors own 24.07% of the company’s stock.

Wall Street Analyst Weigh In

CCU has been the subject of a number of research analyst reports. Scotiabank upgraded Compañía Cervecerías Unidas from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 7th. The Goldman Sachs Group lowered 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 research note on Tuesday, November 12th. Three investment analysts have rated the stock with a sell rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $11.03.

Compañía Cervecerías Unidas Price Performance

CCU stock opened at $11.95 on Thursday. The business’s fifty day moving average price is $11.54 and its 200 day moving average price is $11.28. Compañía Cervecerías Unidas S.A. has a 12-month low of $10.00 and a 12-month high of $13.74. 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 company has a market capitalization of $2.21 billion, a PE ratio of 15.93, a P/E/G ratio of 2.14 and a beta of 0.89.

Compañía Cervecerías Unidas Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, January 1st were given a dividend of $0.1498 per share. This represents a dividend yield of 2.4%. The ex-dividend date was Friday, November 22nd. This is a boost from Compañía Cervecerías Unidas’s previous semi-annual dividend of $0.10. Compañía Cervecerías Unidas’s dividend payout ratio is currently 38.67%.

About Compañía Cervecerías Unidas

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.