Blue Trust Inc. Boosts Stake in Compañía Cervecerías Unidas S.A. (NYSE:CCU)

Blue Trust Inc. boosted its stake in shares of Compañía Cervecerías Unidas S.A. (NYSE:CCU) by 75.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 31,899 shares of the company’s stock after buying an additional 13,668 shares during the period. Blue Trust Inc.’s holdings in Compañía Cervecerías Unidas were worth $363,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Naples Global Advisors LLC boosted its stake in Compañía Cervecerías Unidas by 12.6% during the second quarter. Naples Global Advisors LLC now owns 33,595 shares of the company’s stock worth $382,000 after buying an additional 3,750 shares during the period. Ritholtz Wealth Management acquired a new position in shares of Compañía Cervecerías Unidas during the second quarter worth about $146,000. Malaga Cove Capital LLC raised its holdings in Compañía Cervecerías Unidas by 39.8% in the second quarter. Malaga Cove Capital LLC now owns 57,632 shares of the company’s stock valued at $656,000 after acquiring an additional 16,396 shares in the last quarter. Wellington Management Group LLP grew its holdings in Compañía Cervecerías Unidas by 3.9% during the 4th quarter. Wellington Management Group LLP now owns 530,075 shares of the company’s stock worth $6,647,000 after acquiring an additional 19,881 shares in the last quarter. Finally, American Century Companies Inc. increased its position in shares of Compañía Cervecerías Unidas by 37.5% in the 2nd quarter. American Century Companies Inc. now owns 79,367 shares of the company’s stock valued at $903,000 after purchasing an additional 21,630 shares during the last quarter. Institutional investors and hedge funds own 24.07% of the company’s stock.

Compañía Cervecerías Unidas Stock Up 0.8 %

CCU opened at $11.64 on Thursday. The business’s 50-day simple moving average is $11.09 and its 200-day simple moving average is $11.67. The stock has a market capitalization of $2.15 billion, a P/E ratio of 20.07, a price-to-earnings-growth ratio of 1.65 and a beta of 0.87. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.60 and a current ratio of 2.29. Compañía Cervecerías Unidas S.A. has a one year low of $10.00 and a one year high of $13.74.

Compañía Cervecerías Unidas (NYSE:CCU) last announced its earnings results on Wednesday, August 7th. The company reported ($0.09) EPS for the quarter. The business had revenue of $561.95 million during the quarter. Compañía Cervecerías Unidas had a net margin of 4.22% and a return on equity of 5.75%. Analysts anticipate that Compañía Cervecerías Unidas S.A. will post 0.73 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. cut shares of Compañía Cervecerías Unidas from an “overweight” rating to an “underweight” rating and decreased their price objective for the stock from $21.00 to $10.00 in a research report on Thursday, August 8th. StockNews.com upgraded Compañía Cervecerías Unidas from a “hold” rating to a “buy” rating in a report on Tuesday, August 20th. Finally, The Goldman Sachs Group lowered Compañía Cervecerías Unidas from a “neutral” rating to a “sell” rating and cut their target price for the stock from $12.90 to $10.50 in a research report on Monday, August 26th. Three investment analysts have rated the stock with a sell rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $12.88.

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.