Compañía Cervecerías Unidas S.A. (NYSE:CCU) Stock Position Cut by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC trimmed its stake in shares of Compañía Cervecerías Unidas S.A. (NYSE:CCU) by 13.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 16,732 shares of the company’s stock after selling 2,667 shares during the period. Ameritas Advisory Services LLC’s holdings in Compañía Cervecerías Unidas were worth $190,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in CCU. American Century Companies Inc. increased its stake in shares of Compañía Cervecerías Unidas by 37.5% during 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 period. Dimensional Fund Advisors LP boosted its stake 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 valued at $1,897,000 after purchasing an additional 75,147 shares in the last quarter. Genesis Investment Management LLP increased its position in shares of Compañía Cervecerías Unidas by 33.9% during the 3rd 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 during the period. Blue Trust Inc. raised its stake in shares of Compañía Cervecerías Unidas by 75.0% in the 3rd quarter. Blue Trust Inc. now owns 31,899 shares of the company’s stock worth $363,000 after buying an additional 13,668 shares in the last quarter. Finally, Wellington Management Group LLP lifted its holdings in shares of 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 buying an additional 39,971 shares during the period. 24.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on CCU. Scotiabank raised Compañía Cervecerías Unidas from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 7th. The Goldman Sachs Group dropped their target price on shares of Compañía Cervecerías Unidas from $10.50 to $9.40 and set a “sell” rating on the stock in a report on Tuesday, November 12th. Three research 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 stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $11.03.

Compañía Cervecerías Unidas Stock Up 1.0 %

Shares of Compañía Cervecerías Unidas stock opened at $12.06 on Friday. Compañía Cervecerías Unidas S.A. has a 12-month low of $10.00 and a 12-month high of $13.74. The firm has a market capitalization of $2.23 billion, a PE ratio of 16.08, a price-to-earnings-growth ratio of 2.14 and a beta of 0.89. The company has a quick ratio of 1.44, a current ratio of 2.06 and a debt-to-equity ratio of 0.80. The stock’s fifty day moving average is $11.49 and its 200-day moving average is $11.29.

Compañía Cervecerías Unidas Increases Dividend

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