Compania Cervecerias Unidas (NYSE:CCU) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

by · The Markets Daily

Compania Cervecerias Unidas, S.A. (NYSE:CCU – Get Free Report)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $12.54 and traded as high as $13.36. Compania Cervecerias Unidas shares last traded at $13.09, with a volume of 112,421 shares changing hands.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CCU. The Goldman Sachs Group cut their price target on shares of Compania Cervecerias Unidas from $11.50 to $10.00 and set a “sell” rating on the stock in a research note on Thursday, September 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Compania Cervecerias Unidas in a research note on Monday. Finally, Zacks Research lowered shares of Compania Cervecerias Unidas from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 3rd. Two research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $10.00.

Read Our Latest Stock Analysis on Compania Cervecerias Unidas

Compania Cervecerias Unidas Trading Down 2.2%

The company’s fifty day moving average is $12.77 and its two-hundred day moving average is $12.54. The company has a quick ratio of 1.38, a current ratio of 2.06 and a debt-to-equity ratio of 0.69. The stock has a market cap of $2.31 billion, a price-to-earnings ratio of 16.21, a PEG ratio of 3.83 and a beta of 0.46.

Compania Cervecerias Unidas (NYSE:CCU – Get Free Report) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.08). Compania Cervecerias Unidas had a return on equity of 8.18% and a net margin of 4.48%.The firm had revenue of $684.82 million for the quarter, compared to analyst estimates of $783.08 million. On average, research analysts predict that Compania Cervecerias Unidas, S.A. will post 0.68 EPS for the current fiscal year.

Institutional Trading of Compania Cervecerias Unidas

Institutional investors have recently bought and sold shares of the business. Wellington Management Group LLP increased its holdings in shares of Compania Cervecerias Unidas by 27.2% in the 3rd quarter. Wellington Management Group LLP now owns 2,461,212 shares of the company’s stock valued at $29,830,000 after acquiring an additional 526,665 shares during the last quarter. Acadian Asset Management LLC increased its stake in Compania Cervecerias Unidas by 130.1% in the second quarter. Acadian Asset Management LLC now owns 487,149 shares of the company’s stock valued at $6,285,000 after purchasing an additional 275,435 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Compania Cervecerias Unidas by 386.6% during the second quarter. Arrowstreet Capital Limited Partnership now owns 166,244 shares of the company’s stock worth $2,148,000 after purchasing an additional 132,083 shares in the last quarter. Marshall Wace LLP lifted its position in shares of Compania Cervecerias Unidas by 83.8% during the 2nd quarter. Marshall Wace LLP now owns 255,380 shares of the company’s stock worth $3,300,000 after buying an additional 116,418 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Compania Cervecerias Unidas by 172.2% during the 2nd quarter. American Century Companies Inc. now owns 173,672 shares of the company’s stock worth $2,244,000 after buying an additional 109,867 shares during the last quarter. 24.07% of the stock is owned by hedge funds and other institutional investors.

Compania Cervecerias Unidas Company Profile

(Get Free Report)

Compañía Cervecerías Unidas SA operates as a beverage company in Chile, Argentina, Bolivia, Colombia, Paraguay, and Uruguay. The company operates through three segments: Chile, International Business, and Wine. 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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