Pendal Group Ltd Invests $1.51 Million in Compania Cervecerias Unidas, S.A. (CCU)

Pendal Group Ltd purchased a new position in Compania Cervecerias Unidas, S.A. (NYSE:CCU) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 54,008 shares of the company’s stock, valued at approximately $1,507,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CCU. Wells Fargo & Company MN raised its position in shares of Compania Cervecerias Unidas by 117.5% during the 3rd quarter. Wells Fargo & Company MN now owns 5,085 shares of the company’s stock worth $142,000 after purchasing an additional 2,747 shares during the period. US Bancorp DE raised its position in shares of Compania Cervecerias Unidas by 7.8% during the 3rd quarter. US Bancorp DE now owns 56,523 shares of the company’s stock worth $1,577,000 after purchasing an additional 4,097 shares during the period. Acadian Asset Management LLC raised its position in shares of Compania Cervecerias Unidas by 84.6% during the 3rd quarter. Acadian Asset Management LLC now owns 2,605,363 shares of the company’s stock worth $72,695,000 after purchasing an additional 1,193,744 shares during the period. Russell Investments Group Ltd. raised its position in shares of Compania Cervecerias Unidas by 41.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 250,634 shares of the company’s stock worth $6,966,000 after purchasing an additional 74,031 shares during the period. Finally, Aperio Group LLC raised its position in shares of Compania Cervecerias Unidas by 78.4% during the 3rd quarter. Aperio Group LLC now owns 373,377 shares of the company’s stock worth $10,417,000 after purchasing an additional 164,075 shares during the period. 14.13% of the stock is owned by institutional investors.

Shares of Compania Cervecerias Unidas stock opened at $25.09 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.45 and a current ratio of 1.45. The company has a market cap of $4.81 billion, a PE ratio of 10.09 and a beta of 0.50. Compania Cervecerias Unidas, S.A. has a twelve month low of $24.37 and a twelve month high of $30.35.

Compania Cervecerias Unidas (NYSE:CCU) last announced its quarterly earnings results on Wednesday, August 8th. The company reported $1.44 earnings per share for the quarter. The business had revenue of $595.47 million for the quarter. Compania Cervecerias Unidas had a return on equity of 24.33% and a net margin of 17.04%. As a group, research analysts expect that Compania Cervecerias Unidas, S.A. will post 0.99 EPS for the current year.

Separately, ValuEngine upgraded Compania Cervecerias Unidas from a “hold” rating to a “buy” rating in a research report on Tuesday, October 2nd. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Compania Cervecerias Unidas has an average rating of “Hold”.

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About Compania Cervecerias Unidas

Compañía Cervecerías Unidas SA operates as a beverage company principally in Chile, Argentina, Uruguay, Paraguay, Colombia, and Bolivia. The company operates through Chile, International Business, and Wine segments. 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.

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Institutional Ownership by Quarter for Compania Cervecerias Unidas (NYSE:CCU)

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