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

Compania Cervecerias Unidas, S.A. (NYSE:CCU)’s share price 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 changing hands.

Analysts Set New Price Targets

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

Compania Cervecerias Unidas Price Performance

The firm has a market capitalization of $2.40 billion, a price-to-earnings ratio of 16.85, a PEG ratio of 3.79 and a beta of 0.46. The company has a current ratio of 2.06, a quick ratio of 1.38 and a debt-to-equity ratio of 0.69. The business has a 50-day moving average price of $12.86 and a two-hundred day moving average price of $12.50.

Compania Cervecerias Unidas (NYSE:CCU) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $684.82 million for the quarter, compared to the consensus estimate of $783.08 million. As a group, research analysts forecast that Compania Cervecerias Unidas, S.A. will post 0.68 EPS for the current year.

Institutional Trading of Compania Cervecerias Unidas

A number of large investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC lifted its position in Compania Cervecerias Unidas by 1,252.7% in the 2nd 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 last quarter. First Horizon Corp acquired a new stake in shares of Compania Cervecerias Unidas in the third quarter valued at approximately $60,000. Rhumbline Advisers raised its holdings in shares of Compania Cervecerias Unidas by 12.7% during the third quarter. Rhumbline Advisers now owns 7,277 shares of the company’s stock valued at $88,000 after buying an additional 822 shares during the last quarter. Advisory Services Network LLC bought a new stake in shares of Compania Cervecerias Unidas during the third quarter valued at approximately $91,000. Finally, First Affirmative Financial Network acquired a new position in shares of Compania Cervecerias Unidas during the third quarter worth approximately $143,000. Institutional investors and hedge funds 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.