Compania Cervecerias Unidas (NYSE:CCU) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

Compania Cervecerias Unidas, S.A. (NYSE:CCU) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.76 and traded as high as $11.91. Compania Cervecerias Unidas shares last traded at $11.89, with a volume of 158,814 shares changing hands.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Zacks Research upgraded Compania Cervecerias Unidas from a “strong sell” rating to a “hold” rating in a report on Monday, June 15th. Wall Street Zen downgraded shares of Compania Cervecerias Unidas from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings lowered shares of Compania Cervecerias Unidas from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Compania Cervecerias Unidas from $14.00 to $13.00 and set an “underweight” rating for the company in a report on Monday, August 31st. One investment analyst has rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Strong Sell” and an average price target of $11.50.

Compania Cervecerias Unidas Stock Up 0.1%

The company has a market cap of $2.20 billion, a P/E ratio of 19.18, a price-to-earnings-growth ratio of 1.11 and a beta of 0.53. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.84 and a quick ratio of 1.17. The stock has a fifty day moving average price of $11.63 and a two-hundred day moving average price of $11.76.

Compania Cervecerias Unidas (NYSE:CCU) last announced its quarterly earnings results on Wednesday, August 5th. The company reported ($0.12) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.12). The business had revenue of $659.17 million during the quarter, compared to the consensus estimate of $641.90 million. Compania Cervecerias Unidas had a return on equity of 6.77% and a net margin of 3.71%. On average, research analysts expect that Compania Cervecerias Unidas, S.A. will post 0.73 EPS for the current year.

Institutional Trading of Compania Cervecerias Unidas

Institutional investors have recently made changes to their positions in the company. Wellington Management Group LLP lifted its position in shares of Compania Cervecerias Unidas by 27.2% during the third quarter. Wellington Management Group LLP now owns 2,461,212 shares of the company’s stock valued at $29,830,000 after purchasing an additional 526,665 shares in the last quarter. Empowered Funds LLC bought a new stake in Compania Cervecerias Unidas in the 4th quarter worth about $6,748,000. Bank of America Corp DE grew its position in Compania Cervecerias Unidas by 5.4% in the 1st quarter. Bank of America Corp DE now owns 329,197 shares of the company’s stock worth $3,736,000 after purchasing an additional 16,834 shares in the last quarter. Marshall Wace LLP increased its stake in Compania Cervecerias Unidas by 83.8% in the 2nd quarter. Marshall Wace LLP now owns 255,380 shares of the company’s stock valued at $3,300,000 after buying an additional 116,418 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Compania Cervecerias Unidas by 4.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 183,897 shares of the company’s stock valued at $2,087,000 after buying an additional 8,258 shares during the last quarter. Institutional investors own 24.07% of the company’s stock.

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.