Wellington Management Group LLP Raises Stock Holdings in Compañía Cervecerías Unidas S.A. (NYSE:CCU)

Wellington Management Group LLP raised its position in Compañía Cervecerías Unidas S.A. (NYSE:CCU) by 2.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,892,147 shares of the company’s stock after buying an additional 39,971 shares during the quarter. Wellington Management Group LLP’s holdings in Compañía Cervecerías Unidas were worth $22,006,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ritholtz Wealth Management acquired a new stake in shares of Compañía Cervecerías Unidas during the second quarter worth $146,000. Blue Trust Inc. lifted its holdings in shares of Compañía Cervecerías Unidas by 55.3% during the second quarter. Blue Trust Inc. now owns 18,231 shares of the company’s stock worth $219,000 after purchasing an additional 6,495 shares during the period. Naples Global Advisors LLC lifted its holdings in shares of 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 purchasing an additional 3,750 shares during the period. Malaga Cove Capital LLC lifted its holdings in shares of Compañía Cervecerías Unidas by 39.8% during the second quarter. Malaga Cove Capital LLC now owns 57,632 shares of the company’s stock worth $656,000 after purchasing an additional 16,396 shares during the period. Finally, American Century Companies Inc. lifted its holdings in shares of Compañía Cervecerías Unidas by 37.5% during the second quarter. American Century Companies Inc. now owns 79,367 shares of the company’s stock worth $903,000 after purchasing an additional 21,630 shares during the period. Hedge funds and other institutional investors own 24.07% of the company’s stock.

Wall Street Analyst Weigh In

CCU has been the subject of several recent research reports. Scotiabank raised Compañía Cervecerías Unidas from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 7th. StockNews.com raised Compañía Cervecerías Unidas from a “hold” rating to a “buy” rating in a report on Tuesday, August 20th. Finally, The Goldman Sachs Group cut their price objective on Compañía Cervecerías Unidas from $10.50 to $9.40 and set a “sell” rating for the company in a research report on Tuesday, November 12th. Three analysts have rated the stock with a sell rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $11.03.

Compañía Cervecerías Unidas Trading Up 0.5 %

NYSE:CCU opened at $11.78 on Friday. The stock has a fifty day moving average price of $11.24 and a two-hundred day moving average price of $11.34. The company has a current ratio of 2.06, a quick ratio of 1.44 and a debt-to-equity ratio of 0.80. Compañía Cervecerías Unidas S.A. has a 1 year low of $10.00 and a 1 year high of $13.74.

Compañía Cervecerías Unidas Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, January 1st were given a $0.1498 dividend. This is a boost from Compañía Cervecerías Unidas’s previous semi-annual dividend of $0.10. The ex-dividend date was Friday, November 22nd. This represents a yield of 2.4%. Compañía Cervecerías Unidas’s dividend payout ratio is presently 38.67%.

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.