Quadrant Capital Group LLC Raises Stock Holdings in Compañía Cervecerías Unidas S.A. (NYSE:CCU)
Quadrant Capital Group LLC raised its stake in Compañía Cervecerías Unidas S.A. (NYSE:CCU – Free Report) by 20.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,710 shares of the company’s stock after buying an additional 3,048 shares during the quarter. Quadrant Capital Group LLC’s holdings in Compañía Cervecerías Unidas were worth $222,000 at the end of the most recent quarter. Several other hedge funds also recently bought and sold shares of CCU. First Eagle Investment Management LLC lifted its holdings in shares of Compañía Cervecerías Unidas by 1.3% in the 3rd quarter. First Eagle Investment Management LLC now owns 15,102,801 shares of the company’s stock worth $190,295,000 after acquiring an additional 193,876 shares during the last quarter. Glenorchy Capital Ltd acquired a new position in Compañía Cervecerías Unidas during the fourth quarter worth $326,000. Baillie Gifford & Co. boosted its position in shares of Compañía Cervecerías Unidas by 6.6% during the fourth quarter. Baillie Gifford & Co. now owns 339,096 shares of the company’s stock worth $4,252,000 after buying an additional 20,882 shares during the period. Malaga Cove Capital LLC grew its stake in shares of Compañía Cervecerías Unidas by 55.6% in the fourth quarter. Malaga Cove Capital LLC now owns 27,259 shares of the company’s stock valued at $342,000 after buying an additional 9,736 shares in the last quarter. Finally, Signaturefd LLC raised its holdings in shares of Compañía Cervecerías Unidas by 42.4% in the 4th quarter. Signaturefd LLC now owns 3,494 shares of the company’s stock valued at $44,000 after buying an additional 1,040 shares during the period. Hedge funds and other institutional investors own 24.07% of the company’s stock. Compañía Cervecerías Unidas Stock Performance Compañía Cervecerías Unidas stock opened at $13.51 on Monday. The company has a quick ratio of 1.69, a current ratio of 2.48 and a debt-to-equity ratio of 0.87. Compañía Cervecerías Unidas S.A. has a twelve month low of $10.82 and a twelve month high of $17.74. The stock’s fifty day simple moving average is $12.24 and its 200-day simple moving average is $12.20. Compañía Cervecerías Unidas (NYSE:CCU – Get Free Report) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.30 earnings per share for the quarter. The company had revenue of $796.75 million for the quarter. Compañía Cervecerías Unidas had a return on equity of 6.31% and a net margin of 3.61%. During the same quarter last year, the company earned $0.38 EPS. On average, analysts expect that Compañía Cervecerías Unidas S.A. will post 0.85 EPS for the current year. Compañía Cervecerías Unidas Cuts Dividend The company also recently announced a Semi-Annual dividend, which was paid on Tuesday, May 7th. Investors of record on Wednesday, April 24th were issued a $0.102 dividend. The ex-dividend date of this dividend was Tuesday, April 23rd. This represents a yield of 1.9%. Compañía Cervecerías Unidas’s dividend payout ratio (DPR) is 37.93%. Analysts Set New Price Targets Separately, StockNews.com cut Compañía Cervecerías Unidas from a “strong-buy” rating to a “buy” rating in a report on Friday, March 8th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $13.71. Read Our Latest Analysis on CCU Compañía Cervecerías Unidas Company Profile (Free Report) 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. See Also Five stocks we like better than Compañía Cervecerías Unidas 3 Tickers Leading a Meme Stock Revival Canada Goose Flies Higher Driven By DTC Growth Technology Stocks Explained: Here’s What to Know About Tech CVS Health Stock Has a Silver Lining Called Value How to Effectively Use the MarketBeat Ratings Screener Magnificent 7 Still Magnificent as the Halfway Mark Approaches? Want to see what other hedge funds are holding CCU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Compañía Cervecerías Unidas S.A. (NYSE:CCU – Free Report).
May 20, 2024 | www.defenseworld.net
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