Euro Pacific Asset Management LLC Has $2.90 Million Stock Holdings in Compañía Cervecerías Unidas S.A. (NYSE:CCU)

Euro Pacific Asset Management LLC lowered its stake in Compañía Cervecerías Unidas S.A. (NYSE:CCU) by 2.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 229,206 shares of the company’s stock after selling 4,863 shares during the quarter. Euro Pacific Asset Management LLC’s holdings in Compañía Cervecerías Unidas were worth $2,898,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. First Eagle Investment Management LLC lifted its stake in Compañía Cervecerías Unidas by 1.3% in the third quarter. First Eagle Investment Management LLC now owns 15,102,801 shares of the company’s stock valued at $190,295,000 after buying an additional 193,876 shares during the period. Baillie Gifford & Co. grew its position in Compañía Cervecerías Unidas by 6.6% in the fourth quarter. Baillie Gifford & Co. now owns 339,096 shares of the company’s stock valued at $4,252,000 after purchasing an additional 20,882 shares in the last quarter. Naples Global Advisors LLC lifted its position in Compañía Cervecerías Unidas by 78.1% during the 4th quarter. Naples Global Advisors LLC now owns 30,095 shares of the company’s stock worth $377,000 after buying an additional 13,200 shares in the last quarter. Blue Trust Inc. boosted its position in Compañía Cervecerías Unidas by 29.9% during the fourth quarter. Blue Trust Inc. now owns 13,416 shares of the company’s stock valued at $169,000 after purchasing an additional 3,089 shares during the last quarter. Finally, Wellington Management Group LLP boosted its holdings in shares of 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 buying an additional 24,908 shares during the last quarter. 24.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com lowered Compañía Cervecerías Unidas from a “strong-buy” rating to a “buy” rating in a report on Friday, March 8th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Compañía Cervecerías Unidas has a consensus rating of “Moderate Buy” and a consensus price target of $13.71.

Compañía Cervecerías Unidas Price Performance

Shares of NYSE CCU traded up $0.27 during trading hours on Thursday, hitting $11.90. 104,619 shares of the stock were exchanged, compared to its average volume of 166,747. The company’s fifty day simple moving average is $11.87 and its two-hundred day simple moving average is $12.05. The company has a market cap of $2.16 billion, a PE ratio of 17.62, a price-to-earnings-growth ratio of 0.67 and a beta of 0.91. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.69 and a current ratio of 2.33. 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 issued its earnings results on Tuesday, February 27th. The company reported $0.25 earnings per share for the quarter. Compañía Cervecerías Unidas had a return on equity of 7.16% and a net margin of 3.98%. The firm had revenue of $639.60 million for the quarter. On average, sell-side analysts predict that Compañía Cervecerías Unidas S.A. will post 0.85 EPS for the current year.

Compañía Cervecerías Unidas Cuts Dividend

The firm also recently announced a Semi-Annual dividend, which will be paid on Tuesday, May 7th. Shareholders of record on Wednesday, April 24th will be paid a dividend of $0.102 per share. This represents a yield of 1.9%. The ex-dividend date of this dividend is Tuesday, April 23rd. Compañía Cervecerías Unidas’s payout ratio is 22.73%.

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.