Allianz Asset Management GmbH purchased a new position in Compania Cervecerias Unidas S.A. (NYSE:CCU) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 34,076 shares of the company’s stock, valued at approximately $918,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sei Investments Co. acquired a new position in shares of Compania Cervecerias Unidas in the second quarter worth $115,000. Kayne Anderson Rudnick Investment Management LLC acquired a new position in shares of Compania Cervecerias Unidas in the second quarter worth $212,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Compania Cervecerias Unidas in the second quarter worth $244,000. HighTower Advisors LLC acquired a new position in shares of Compania Cervecerias Unidas in the second quarter worth $301,000. Finally, Susquehanna International Group LLP increased its stake in shares of Compania Cervecerias Unidas by 22.4% in the second quarter. Susquehanna International Group LLP now owns 19,100 shares of the company’s stock worth $501,000 after acquiring an additional 3,492 shares during the last quarter. 13.61% of the stock is currently owned by institutional investors and hedge funds.
Compania Cervecerias Unidas S.A. (NYSE CCU) opened at $28.63 on Friday. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.13. The company has a market cap of $5,300.00, a price-to-earnings ratio of 24.68 and a beta of 0.27. Compania Cervecerias Unidas S.A. has a 1 year low of $20.99 and a 1 year high of $30.35.
The firm also recently announced a semiannual dividend, which was paid on Friday, January 12th. Shareholders of record on Friday, December 29th were given a dividend of $0.2141 per share. This represents a yield of 1.67%. This is an increase from Compania Cervecerias Unidas’s previous semiannual dividend of $0.12. The ex-dividend date of this dividend was Thursday, December 28th. Compania Cervecerias Unidas’s dividend payout ratio is presently 29.31%.
Separately, Zacks Investment Research downgraded shares of Compania Cervecerias Unidas from a “buy” rating to a “hold” rating in a research note on Friday, September 22nd.
Compania Cervecerias Unidas Company Profile
Compania Cervecerias Unidas SA is a diversified beverage company operating principally in Chile, Argentina, Bolivia, Colombia, Paraguay and Uruguay. The Company operates as a brewer, soft drinks producer, water and nectar producer, wine producer and pisco distributor. The Company’s segments include Chile, International Business and Wine.
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