Compania Cervecerias Unidas (NYSE:CCU) Stock Price Passes Above 200 Day Moving Average – Here’s Why

Shares of Compania Cervecerias Unidas, S.A. (NYSE:CCU) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $12.50 and traded as high as $12.89. Compania Cervecerias Unidas shares last traded at $12.66, with a volume of 80,549 shares.

Analyst Ratings Changes

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

Compania Cervecerias Unidas Stock Performance

The business’s fifty day moving average is $12.85 and its 200-day moving average is $12.50. 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 company has a market cap of $2.34 billion, a PE ratio of 16.44, a P/E/G ratio of 3.79 and a beta of 0.46.

Compania Cervecerias Unidas (NYSE:CCU) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.08). The business had revenue of $684.82 million during the quarter, compared to the consensus estimate of $783.08 million. Compania Cervecerias Unidas had a return on equity of 8.18% and a net margin of 4.48%. As a group, research analysts predict that Compania Cervecerias Unidas, S.A. will post 0.68 EPS for the current fiscal year.

Hedge Funds Weigh In On Compania Cervecerias Unidas

Several institutional investors and hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC grew its holdings in Compania Cervecerias Unidas by 1,252.7% during the second quarter. EverSource Wealth Advisors LLC now owns 3,233 shares of the company’s stock valued at $42,000 after purchasing an additional 2,994 shares during the period. First Horizon Corp purchased a new position in shares of Compania Cervecerias Unidas during the 3rd quarter valued at about $60,000. Rhumbline Advisers grew its stake in shares of Compania Cervecerias Unidas by 12.7% during the 3rd quarter. Rhumbline Advisers now owns 7,277 shares of the company’s stock valued at $88,000 after acquiring an additional 822 shares during the period. Advisory Services Network LLC bought a new position in shares of Compania Cervecerias Unidas during the 3rd quarter valued at approximately $91,000. Finally, First Affirmative Financial Network purchased a new stake in Compania Cervecerias Unidas in the 3rd quarter worth approximately $143,000. 24.07% of the stock is currently owned by hedge funds and other institutional investors.

Compania Cervecerias Unidas Company Profile

Compañía Cervecerías Unidas SA (NYSE: CCU) is a Chile-based beverages company with operations across Latin America. The company engages in the production, marketing and distribution of beer, soft drinks, wines, mineral water and other non-alcoholic beverages. Through a combination of owned brands and licensing agreements, CCU serves both domestic and export markets with a diversified portfolio designed to meet evolving consumer tastes.

In its beer segment, CCU produces flagship brands such as Cristal, Escudo and Royal Guard, while also brewing international labels under license, including Heineken in select markets.