Log Out

SG Americas Securities LLC Has $334,000 Stock Position in Compañía Cervecerías Unidas S.A. (NYSE:CCU)

Defense World · Jan 29, 2023 05:51

SG Americas Securities LLC raised its holdings in Compañía Cervecerías Unidas S.A. (NYSE:CCU – Get Rating) by 85.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 31,025 shares of the company's stock after buying an additional 14,264 shares during the quarter. SG Americas Securities LLC's holdings in Compañía Cervecerías Unidas were worth $334,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CCU. Advisor Group Holdings Inc. acquired a new stake in Compañía Cervecerías Unidas in the 1st quarter valued at approximately $26,000. American Century Companies Inc. grew its holdings in shares of Compañía Cervecerías Unidas by 12.3% during the 1st quarter. American Century Companies Inc. now owns 26,174 shares of the company's stock worth $392,000 after purchasing an additional 2,861 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Compañía Cervecerías Unidas by 11.0% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 192,041 shares of the company's stock worth $2,873,000 after purchasing an additional 18,967 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Compañía Cervecerías Unidas by 13.2% during the 1st quarter. Renaissance Technologies LLC now owns 461,665 shares of the company's stock worth $6,907,000 after purchasing an additional 54,000 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Compañía Cervecerías Unidas by 22.3% during the 1st quarter. Invesco Ltd. now owns 29,938 shares of the company's stock worth $448,000 after purchasing an additional 5,468 shares in the last quarter. Institutional investors and hedge funds own 18.43% of the company's stock.

Get Compañía Cervecerías Unidas alerts:

Compañía Cervecerías Unidas Price Performance

Shares of CCU stock opened at $15.03 on Friday. The stock's fifty day simple moving average is $12.91 and its 200 day simple moving average is $11.61. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.04 and a quick ratio of 1.41. The firm has a market cap of $2.78 billion, a price-to-earnings ratio of 15.50 and a beta of 0.74. Compañía Cervecerías Unidas S.A. has a one year low of $9.31 and a one year high of $17.21.

Compañía Cervecerías Unidas (NYSE:CCU – Get Rating) last announced its quarterly earnings results on Tuesday, November 8th. The company reported $0.10 EPS for the quarter. The business had revenue of $736.78 million for the quarter, compared to analyst estimates of $775.16 million. Compañía Cervecerías Unidas had a return on equity of 10.75% and a net margin of 5.66%. On average, analysts expect that Compañía Cervecerías Unidas S.A. will post 0.74 earnings per share for the current fiscal year.

Compañía Cervecerías Unidas Dividend Announcement

The business also recently declared a — dividend, which was paid on Friday, January 13th. Investors of record on Friday, December 23rd were paid a $0.312 dividend. This represents a yield of 4.1%. The ex-dividend date was Thursday, December 22nd. Compañía Cervecerías Unidas's dividend payout ratio is 50.52%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CCU. JPMorgan Chase & Co. raised Compañía Cervecerías Unidas from a "neutral" rating to an "overweight" rating in a report on Friday, January 20th. HSBC lowered Compañía Cervecerías Unidas from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $15.00 to $13.00 in a report on Monday, November 14th. Finally, StockNews.com began coverage on Compañía Cervecerías Unidas in a report on Wednesday, October 12th. They set a "buy" rating on the stock.

Compañía Cervecerías Unidas Company Profile

(Get Rating)

Compañía Cervecerías Unidas SA engages in the production of beverages. It operates through the following segments: Chile, International Business, and Wine. The Chile segment sells alcoholic and non-alcoholic beverages which include Heineken, Sol, Coors Tecate beer, Blue Moon beer, Kunstmann, Austral beer; and carbonated soft drinks, nectars and juices, sports and energy drinks, ice tea, and water.

Featured Stories

Get a free copy of the StockNews.com research report on Compañía Cervecerías Unidas (CCU)
MarketBeat Week in Review – 1/23- 1/27
Why Lucid Spiked Nearly 100% In One Day
Ride These Railroad Stocks for Growth and Income
ASML Sees Demand For Chips Rallying This Year, Boosts Sales View
KLA Corporation: Strength In A Troubled Semi-Market

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 – Get Rating).

Receive News & Ratings for Compañía Cervecerías Unidas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Compañía Cervecerías Unidas and related companies with MarketBeat.com's FREE daily email newsletter.