Compania Cervecerias Unidas, S.A. (CCU) Stake Increased by Northern Trust Corp

Northern Trust Corp raised its position in shares of Compania Cervecerias Unidas, S.A. (NYSE:CCU) by 3.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 239,322 shares of the company’s stock after buying an additional 6,980 shares during the period. Northern Trust Corp owned about 0.13% of Compania Cervecerias Unidas, worth $6,281,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Citigroup Inc. acquired a new stake in shares of Compania Cervecerias Unidas, during the second quarter worth approximately $1,469,000. Ameriprise Financial Inc. acquired a new stake in shares of Compania Cervecerias Unidas, during the second quarter worth approximately $7,975,000. AJO LP acquired a new stake in shares of Compania Cervecerias Unidas, in the second quarter valued at approximately $731,000. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in shares of Compania Cervecerias Unidas, in the second quarter valued at approximately $212,000. Finally, First Eagle Investment Management LLC increased its holdings in shares of Compania Cervecerias Unidas, by 4.3% in the second quarter. First Eagle Investment Management LLC now owns 6,662,451 shares of the company’s stock valued at $174,823,000 after purchasing an additional 271,740 shares in the last quarter. 14.52% of the stock is owned by institutional investors.

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Shares of Compania Cervecerias Unidas, S.A. (CCU) opened at $27.27 on Wednesday. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.13. The firm has a market cap of $5,097.28, a P/E ratio of 28.15 and a beta of 0.31. Compania Cervecerias Unidas, S.A. has a fifty-two week low of $19.79 and a fifty-two week high of $28.85.

A number of brokerages recently weighed in on CCU. Zacks Investment Research lowered shares of Compania Cervecerias Unidas, from a “buy” rating to a “hold” rating in a report on Friday, September 22nd. BidaskClub raised shares of Compania Cervecerias Unidas, from a “hold” rating to a “buy” rating in a report on Saturday, August 19th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company. Compania Cervecerias Unidas, presently has an average rating of “Buy” and an average target price of $27.50.

Compania Cervecerias Unidas, Profile

Compania Cervecerias Unidas SA is a diversified beverage company operating principally in Chile, Argentina, Bolivia, Colombia, Paraguay and Uruguay. The Company operates as a brewer, soft drinks producer, water and nectar producer, wine producer and pisco distributor. The Company’s segments include Chile, International Business and Wine.

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

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