Compañía Cervecerías Unidas S.A. (NYSE:CCU) was the recipient of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 489,500 shares, a decrease of 27.8% from the March 15th total of 678,400 shares. Based on an average trading volume of 327,800 shares, the days-to-cover ratio is presently 1.5 days.
Several hedge funds have recently added to or reduced their stakes in the stock. AQR Capital Management LLC grew its holdings in Compañía Cervecerías Unidas by 0.3% during the 3rd quarter. AQR Capital Management LLC now owns 245,309 shares of the company's stock worth $3,182,000 after acquiring an additional 731 shares in the last quarter. State Street Corp increased its holdings in shares of Compañía Cervecerías Unidas by 1.3% in the 3rd quarter. State Street Corp now owns 377,102 shares of the company's stock valued at $4,891,000 after acquiring an additional 4,874 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Compañía Cervecerías Unidas by 7.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 71,804 shares of the company's stock worth $1,056,000 after acquiring an additional 5,200 shares in the last quarter. Royal London Asset Management Ltd. lifted its stake in shares of Compañía Cervecerías Unidas by 16.8% during the 4th quarter. Royal London Asset Management Ltd. now owns 42,400 shares of the company's stock worth $624,000 after purchasing an additional 6,090 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Compañía Cervecerías Unidas by 4.5% in the fourth quarter. JPMorgan Chase & Co. now owns 297,961 shares of the company's stock valued at $4,380,000 after purchasing an additional 12,696 shares during the last quarter. Hedge funds and other institutional investors own 16.22% of the company's stock.
CCU has been the subject of a number of research reports. Scotiabank initiated coverage on shares of Compañía Cervecerías Unidas in a report on Thursday, April 8th. They issued an "outperform" rating for the company. Zacks Investment Research upgraded shares of Compañía Cervecerías Unidas from a "hold" rating to a "buy" rating and set a $19.00 price objective for the company in a report on Thursday, February 25th.
NYSE CCU traded up $0.04 during trading hours on Friday, reaching $19.19. The company's stock had a trading volume of 304,036 shares, compared to its average volume of 321,143. The stock has a market cap of $3.55 billion, a P/E ratio of 28.22, a P/E/G ratio of 13.96 and a beta of 0.96. Compañía Cervecerías Unidas has a 52 week low of $10.72 and a 52 week high of $19.31. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.99 and a quick ratio of 1.99. The firm has a fifty day simple moving average of $18.18 and a 200-day simple moving average of $15.59.
Compañía Cervecerías Unidas (NYSE:CCU) last posted its quarterly earnings results on Tuesday, February 23rd. The company reported $0.39 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.24 by $0.15. Compañía Cervecerías Unidas had a net margin of 5.32% and a return on equity of 6.80%. The firm had revenue of $779.52 million during the quarter, compared to the consensus estimate of $815.17 million. On average, research analysts expect that Compañía Cervecerías Unidas will post 0.56 earnings per share for the current year.
The company also recently announced a semi-annual dividend, which was paid on Thursday, April 15th. Shareholders of record on Friday, January 1st were issued a $0.2362 dividend. This represents a dividend yield of 1.7%. The ex-dividend date of this dividend was Thursday, April 15th. Compañía Cervecerías Unidas's dividend payout ratio is 20.43%.
Compañía Cervecerías Unidas Company Profile
CompaÃ±Ãa CervecerÃas Unidas SA operates as a beverage company principally in Chile, Argentina, Uruguay, Paraguay, Colombia, and Bolivia. 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.
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