Compania Cervecerias Unidas, S.A. (CCU) Position Cut by Macquarie Group Ltd.

Macquarie Group Ltd. lessened its holdings in shares of Compania Cervecerias Unidas, S.A. (NYSE:CCU) by 1.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 927,230 shares of the company’s stock after selling 14,900 shares during the quarter. Macquarie Group Ltd. owned about 0.50% of Compania Cervecerias Unidas, worth $24,332,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of CCU. Acadian Asset Management LLC raised its stake in Compania Cervecerias Unidas, by 64.4% during the 2nd quarter. Acadian Asset Management LLC now owns 893,359 shares of the company’s stock valued at $23,443,000 after purchasing an additional 349,839 shares during the period. Ameriprise Financial Inc. bought a new stake in Compania Cervecerias Unidas, during the 2nd quarter valued at approximately $7,975,000. First Eagle Investment Management LLC raised its stake in Compania Cervecerias Unidas, by 4.3% during the 2nd quarter. First Eagle Investment Management LLC now owns 6,662,451 shares of the company’s stock valued at $174,823,000 after purchasing an additional 271,740 shares during the period. Mckinley Capital Management LLC Delaware bought a new stake in Compania Cervecerias Unidas, during the 2nd quarter valued at approximately $4,751,000. Finally, Royal Bank of Canada raised its stake in Compania Cervecerias Unidas, by 88.2% during the 2nd quarter. Royal Bank of Canada now owns 227,490 shares of the company’s stock valued at $5,970,000 after purchasing an additional 106,600 shares during the period. 14.10% of the stock is currently owned by institutional investors.

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Shares of Compania Cervecerias Unidas, S.A. (NYSE:CCU) opened at 27.34 on Wednesday. The company has a market cap of $5.05 billion, a P/E ratio of 25.60 and a beta of 0.30. The firm has a 50-day moving average price of $27.27 and a 200-day moving average price of $26.47. Compania Cervecerias Unidas, S.A. has a 1-year low of $19.49 and a 1-year high of $28.22.

Several brokerages recently issued reports on CCU. Zacks Investment Research raised Compania Cervecerias Unidas, from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research note on Thursday, August 10th. BidaskClub downgraded Compania Cervecerias Unidas, from a “buy” rating to a “hold” rating in a research note on Tuesday, June 13th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $27.50.

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.

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

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