Shell Asset Management Co. Continues to Hold Position in Compania Cervecerias Unidas, S.A. (CCU)

Shell Asset Management Co. maintained its position in Compania Cervecerias Unidas, S.A. (NYSE:CCU) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,154 shares of the company’s stock at the end of the second quarter. Shell Asset Management Co.’s holdings in Compania Cervecerias Unidas, were worth $1,001,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. Acadian Asset Management LLC raised its position in Compania Cervecerias Unidas, by 64.4% in the second quarter. Acadian Asset Management LLC now owns 893,359 shares of the company’s stock valued at $23,443,000 after buying an additional 349,839 shares during the period. US Bancorp DE raised its position in Compania Cervecerias Unidas, by 12.0% in the second quarter. US Bancorp DE now owns 27,024 shares of the company’s stock valued at $709,000 after buying an additional 2,893 shares during the period. Aperio Group LLC raised its position in Compania Cervecerias Unidas, by 8.3% in the second quarter. Aperio Group LLC now owns 133,109 shares of the company’s stock valued at $3,493,000 after buying an additional 10,202 shares during the period. Marathon Asset Management LLP increased its stake in Compania Cervecerias Unidas, by 13.0% in the second quarter. Marathon Asset Management LLP now owns 26,980 shares of the company’s stock valued at $708,000 after buying an additional 3,095 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in Compania Cervecerias Unidas, by 26,153.8% in the second quarter. Bank of Montreal Can now owns 34,130 shares of the company’s stock valued at $895,000 after buying an additional 34,000 shares in the last quarter. 13.22% of the stock is currently owned by hedge funds and other institutional investors.

Compania Cervecerias Unidas, S.A. (NYSE:CCU) traded up 0.07% during midday trading on Friday, reaching $27.68. The company’s stock had a trading volume of 110,064 shares. The firm has a market capitalization of $5.11 billion, a PE ratio of 27.08 and a beta of 0.33. The stock has a 50 day moving average of $26.52 and a 200 day moving average of $25.47. Compania Cervecerias Unidas, S.A. has a 52 week low of $19.31 and a 52 week high of $28.15.

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Several equities research analysts have issued reports on the company. BidaskClub downgraded Compania Cervecerias Unidas, from a “buy” rating to a “hold” rating in a report on Tuesday, June 13th. Zacks Investment Research upgraded Compania Cervecerias Unidas, from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a report on Thursday, August 10th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $26.17.

Compania Cervecerias Unidas, Company Profile

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.

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

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