Sumitomo Mitsui Trust Holdings Inc. Acquires New Position in Compania Cervecerias Unidas, S.A. (NYSE:CCU)

Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in shares of Compania Cervecerias Unidas, S.A. (NYSE:CCU) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 58,283 shares of the company’s stock, valued at approximately $1,293,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Mawer Investment Management Ltd. lifted its stake in Compania Cervecerias Unidas by 78.1% in the second quarter. Mawer Investment Management Ltd. now owns 2,946,119 shares of the company’s stock valued at $83,228,000 after acquiring an additional 1,291,527 shares during the last quarter. Acadian Asset Management LLC lifted its stake in Compania Cervecerias Unidas by 22.7% in the second quarter. Acadian Asset Management LLC now owns 2,766,843 shares of the company’s stock valued at $78,163,000 after acquiring an additional 512,150 shares during the last quarter. Commonwealth Bank of Australia lifted its stake in Compania Cervecerias Unidas by 3.0% in the second quarter. Commonwealth Bank of Australia now owns 1,074,409 shares of the company’s stock valued at $30,347,000 after acquiring an additional 31,327 shares during the last quarter. FMR LLC lifted its stake in Compania Cervecerias Unidas by 9.7% in the first quarter. FMR LLC now owns 1,070,669 shares of the company’s stock valued at $31,542,000 after acquiring an additional 94,486 shares during the last quarter. Finally, BlackRock Inc. lifted its stake in Compania Cervecerias Unidas by 13.8% in the second quarter. BlackRock Inc. now owns 790,702 shares of the company’s stock valued at $22,337,000 after acquiring an additional 96,108 shares during the last quarter. Hedge funds and other institutional investors own 17.64% of the company’s stock.

Shares of Compania Cervecerias Unidas stock traded down $0.33 on Wednesday, reaching $18.00. The stock had a trading volume of 1,311,376 shares, compared to its average volume of 256,335. The business’s 50-day moving average price is $21.22 and its two-hundred day moving average price is $25.01. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.68 and a current ratio of 1.68. Compania Cervecerias Unidas, S.A. has a fifty-two week low of $17.80 and a fifty-two week high of $29.48. The stock has a market cap of $3.52 billion, a P/E ratio of 6.77 and a beta of 0.58.

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A number of analysts have issued reports on CCU shares. Zacks Investment Research upgraded shares of Compania Cervecerias Unidas from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 8th. ValuEngine upgraded shares of Compania Cervecerias Unidas from a “sell” rating to a “hold” rating in a research note on Saturday, October 5th. Finally, TheStreet cut shares of Compania Cervecerias Unidas from a “b” rating to a “c+” rating in a research note on Wednesday, August 28th.

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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