Glenorchy Capital Ltd Purchases New Stake in Compañía Cervecerías Unidas S.A. (NYSE:CCU)

Glenorchy Capital Ltd purchased a new stake in Compañía Cervecerías Unidas S.A. (NYSE:CCU) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 25,984 shares of the company’s stock, valued at approximately $326,000.

Other hedge funds have also recently bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Compañía Cervecerías Unidas in the third quarter valued at approximately $32,000. Signaturefd LLC raised its stake in shares of Compañía Cervecerías Unidas by 42.4% during the fourth quarter. Signaturefd LLC now owns 3,494 shares of the company’s stock valued at $44,000 after purchasing an additional 1,040 shares during the period. Blue Trust Inc. raised its stake in shares of 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 period. Jump Financial LLC raised its stake in shares of Compañía Cervecerías Unidas by 24.0% during the third quarter. Jump Financial LLC now owns 15,000 shares of the company’s stock valued at $189,000 after purchasing an additional 2,900 shares during the period. Finally, Malaga Cove Capital LLC purchased a new stake in shares of Compañía Cervecerías Unidas during the third quarter valued at approximately $221,000. Hedge funds and other institutional investors own 24.07% of the company’s stock.

Compañía Cervecerías Unidas Stock Down 1.0 %

Shares of NYSE:CCU traded down $0.12 during midday trading on Tuesday, reaching $11.88. The company had a trading volume of 128,027 shares, compared to its average volume of 165,796. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.33 and a quick ratio of 1.69. The stock’s fifty day moving average price is $11.88 and its 200-day moving average price is $12.05. The stock has a market capitalization of $2.20 billion, a P/E ratio of 17.99, a PEG ratio of 0.68 and a beta of 0.91. Compañía Cervecerías Unidas S.A. has a one year low of $10.82 and a one year high of $17.74.

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

Compañía Cervecerías Unidas Cuts Dividend

The business also recently declared a Semi-Annual dividend, which will be paid on Tuesday, May 7th. Investors of record on Wednesday, April 24th will be paid a $0.102 dividend. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a dividend yield of 1.9%. Compañía Cervecerías Unidas’s dividend payout ratio (DPR) is presently 18.18%.

Wall Street Analyst Weigh In

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

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.