Compania Cervecerias Unidas, S.A. (CCU) Position Cut by Royce & Associates LP
Royce & Associates LP reduced its position in shares of Compania Cervecerias Unidas, S.A. (NYSE:CCU) by 40.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 187,950 shares of the company’s stock after selling 126,450 shares during the period. Royce & Associates LP owned 0.10% of Compania Cervecerias Unidas worth $5,061,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in CCU. Sei Investments Co. acquired a new stake in Compania Cervecerias Unidas during the second quarter worth about $115,000. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in Compania Cervecerias Unidas during the second quarter worth about $212,000. Dynamic Technology Lab Private Ltd acquired a new stake in Compania Cervecerias Unidas during the second quarter worth about $244,000. HighTower Advisors LLC acquired a new stake in Compania Cervecerias Unidas during the second quarter worth about $301,000. Finally, Susquehanna International Group LLP increased its position in Compania Cervecerias Unidas by 22.4% during the second quarter. Susquehanna International Group LLP now owns 19,100 shares of the company’s stock worth $501,000 after purchasing an additional 3,492 shares during the last quarter. Hedge funds and other institutional investors own 13.61% of the company’s stock.
CCU has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Compania Cervecerias Unidas from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Monday, September 18th. BidaskClub upgraded shares of Compania Cervecerias Unidas from a “hold” rating to a “buy” rating in a research report on Saturday, August 19th.
The business also recently declared a semiannual dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be given a dividend of $0.2141 per share. The ex-dividend date is Thursday, December 28th. This is a boost from Compania Cervecerias Unidas’s previous semiannual dividend of $0.12. This represents a dividend yield of 1.67%.
Compania Cervecerias Unidas 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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