Legal & General Group Plc Sells 4,500 Shares of Compania Cervecerias Unidas, S.A. (CCU)

Legal & General Group Plc reduced its holdings in Compania Cervecerias Unidas, S.A. (NYSE:CCU) by 18.3% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 20,047 shares of the company’s stock after selling 4,500 shares during the quarter. Legal & General Group Plc’s holdings in Compania Cervecerias Unidas were worth $540,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Susquehanna International Group LLP lifted its position in Compania Cervecerias Unidas by 22.4% in the 2nd quarter. Susquehanna International Group LLP now owns 19,100 shares of the company’s stock valued at $501,000 after purchasing an additional 3,492 shares during the last quarter. Aperio Group LLC lifted its position in Compania Cervecerias Unidas by 3.0% in the 3rd quarter. Aperio Group LLC now owns 137,102 shares of the company’s stock valued at $3,692,000 after purchasing an additional 3,993 shares during the last quarter. Sei Investments Co. bought a new stake in Compania Cervecerias Unidas in the 2nd quarter valued at about $115,000. Northern Trust Corp lifted its position in Compania Cervecerias Unidas by 3.0% in the 2nd quarter. Northern Trust Corp now owns 239,322 shares of the company’s stock valued at $6,281,000 after purchasing an additional 6,980 shares during the last quarter. Finally, State Street Corp lifted its position in Compania Cervecerias Unidas by 2.3% in the 2nd quarter. State Street Corp now owns 315,735 shares of the company’s stock valued at $8,284,000 after purchasing an additional 7,018 shares during the last quarter. Institutional investors own 13.61% of the company’s stock.

Separately, Zacks Investment Research upgraded shares of Compania Cervecerias Unidas from a “sell” rating to a “hold” rating in a research report on Tuesday, December 5th.

Shares of Compania Cervecerias Unidas, S.A. (NYSE:CCU) opened at $29.57 on Friday. Compania Cervecerias Unidas, S.A. has a 52-week low of $20.31 and a 52-week high of $30.35. The company has a market cap of $5,490.00, a PE ratio of 25.49 and a beta of 0.27. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.69 and a current ratio of 1.69.

The business also recently declared a semiannual dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be given a dividend of $0.2141 per share. This represents a dividend yield of 1.67%. This is an increase from Compania Cervecerias Unidas’s previous semiannual dividend of $0.12. The ex-dividend date of this dividend is Thursday, December 28th. Compania Cervecerias Unidas’s payout ratio is 28.45%.

COPYRIGHT VIOLATION NOTICE: This news story was published by Transcript Daily and is the sole property of of Transcript Daily. If you are reading this news story on another domain, it was illegally copied and reposted in violation of US and international copyright & trademark legislation. The legal version of this news story can be viewed at https://transcriptdaily.com/2018/01/05/legal-general-group-plc-sells-4500-shares-of-compania-cervecerias-unidas-s-a-ccu.html.

About Compania Cervecerias Unidas

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.

Want to see what other hedge funds are holding CCU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Compania Cervecerias Unidas, S.A. (NYSE:CCU).

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

Receive News & Ratings for Compania Cervecerias Unidas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Compania Cervecerias Unidas and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply