Compańía de las Cervecerías Unidas (CCU) Shares Bought by Millennium Management LLC

Millennium Management LLC increased its holdings in shares of Compańía de las Cervecerías Unidas (NYSE:CCU) by 294.2% in the 4th quarter, HoldingsChannel reports. The firm owned 201,138 shares of the company’s stock after acquiring an additional 150,120 shares during the period. Millennium Management LLC’s holdings in Compańía de las Cervecerías Unidas were worth $5,950,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in CCU. Caxton Associates LP purchased a new position in Compańía de las Cervecerías Unidas during the 4th quarter valued at approximately $251,000. Amundi Pioneer Asset Management Inc. purchased a new position in Compańía de las Cervecerías Unidas during the 4th quarter valued at approximately $299,000. Investors Research Corp purchased a new position in Compańía de las Cervecerías Unidas during the 4th quarter valued at approximately $1,313,000. Mackenzie Financial Corp purchased a new position in Compańía de las Cervecerías Unidas during the 4th quarter valued at approximately $447,000. Finally, Navellier & Associates Inc purchased a new position in Compańía de las Cervecerías Unidas during the 4th quarter valued at approximately $466,000. Hedge funds and other institutional investors own 14.15% of the company’s stock.

Several equities analysts have weighed in on CCU shares. Goldman Sachs upgraded Compańía de las Cervecerías Unidas from a “neutral” rating to a “buy” rating in a report on Sunday, March 18th. Zacks Investment Research upgraded Compańía de las Cervecerías Unidas from a “sell” rating to a “hold” rating in a report on Monday, March 5th.

NYSE:CCU opened at $29.46 on Monday. The company has a market capitalization of $5,376.25, a PE ratio of 31.01 and a beta of 0.24. Compańía de las Cervecerías Unidas has a 1 year low of $25.03 and a 1 year high of $30.35. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.56 and a quick ratio of 1.11.

The business also recently disclosed a special dividend, which will be paid on Friday, May 4th. Stockholders of record on Friday, April 20th will be paid a $0.3614 dividend. This represents a dividend yield of 1.6%. This is a positive change from Compańía de las Cervecerías Unidas’s previous special dividend of $0.33. The ex-dividend date of this dividend is Thursday, April 19th. Compańía de las Cervecerías Unidas’s dividend payout ratio (DPR) is presently 35.79%.

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About Compańía de las Cervecerías Unidas

Compañía Cervecerías Unidas SA operates as a beverage company principally in Chile, Argentina, Bolivia, Colombia, Paraguay, and Uruguay. The company operates through Chile, International Business, and Wine segments. It produces and sells alcoholic and non-alcoholic beer under proprietary brands and licensed brands; cider and spirits; and wines.

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Institutional Ownership by Quarter for Compańía de las Cervecerías Unidas (NYSE:CCU)

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