Malaga Cove Capital LLC Grows Stock Position in Compañía Cervecerías Unidas S.A. (NYSE:CCU)

Malaga Cove Capital LLC raised its position in Compañía Cervecerías Unidas S.A. (NYSE:CCU) by 55.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 27,259 shares of the company’s stock after buying an additional 9,736 shares during the quarter. Malaga Cove Capital LLC’s holdings in Compañía Cervecerías Unidas were worth $342,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Compañía Cervecerías Unidas in the third quarter valued at $32,000. Signaturefd LLC lifted its position in shares of Compañía Cervecerías Unidas by 42.4% during the 4th quarter. Signaturefd LLC now owns 3,494 shares of the company’s stock valued at $44,000 after acquiring an additional 1,040 shares during the period. Blue Trust Inc. lifted its position in shares of Compañía Cervecerías Unidas by 29.9% during the 4th quarter. Blue Trust Inc. now owns 13,416 shares of the company’s stock valued at $169,000 after acquiring an additional 3,089 shares during the period. Jump Financial LLC grew its holdings in shares of Compañía Cervecerías Unidas by 24.0% in the 3rd quarter. Jump Financial LLC now owns 15,000 shares of the company’s stock worth $189,000 after acquiring an additional 2,900 shares during the period. Finally, MQS Management LLC acquired a new stake in shares of Compañía Cervecerías Unidas in the 3rd quarter worth approximately $289,000. Hedge funds and other institutional investors own 24.07% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Compañía Cervecerías Unidas from a “strong-buy” rating to a “buy” rating in a research 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 company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $13.71.

Compañía Cervecerías Unidas Price Performance

Compañía Cervecerías Unidas stock traded up $0.33 during mid-day trading on Friday, hitting $12.78. 55,881 shares of the company were exchanged, compared to its average volume of 130,422. 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 12-month low of $10.82 and a 12-month high of $17.74. The business’s 50 day simple moving average is $11.95 and its two-hundred day simple moving average is $12.07.

Compañía Cervecerías Unidas (NYSE:CCU) last posted its quarterly earnings data on Tuesday, February 27th. The company reported $0.25 earnings per share (EPS) for the quarter. The business had revenue of $639.60 million for the quarter. Compañía Cervecerías Unidas had a return on equity of 7.16% and a net margin of 3.98%. As a group, equities research analysts anticipate that Compañía Cervecerías Unidas S.A. will post 0.85 EPS for the current year.

Compañía Cervecerías Unidas Cuts Dividend

The business also recently disclosed a Semi-Annual dividend, which will be paid on Tuesday, May 7th. Stockholders of record on Wednesday, April 24th will be issued a dividend of $0.102 per share. The ex-dividend date is Tuesday, April 23rd. This represents a dividend yield of 1.9%. Compañía Cervecerías Unidas’s payout ratio is currently 30.30%.

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.