Compania Cervecerias Unidas (NYSE:CCU) Share Price Crosses Above 200-Day Moving Average – Here’s Why

Compania Cervecerias Unidas, S.A. (NYSE:CCU) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $12.53 and traded as high as $14.34. Compania Cervecerias Unidas shares last traded at $14.3030, with a volume of 217,209 shares changing hands.

Analysts Set New Price Targets

Several research analysts have weighed in on CCU shares. Zacks Research downgraded Compania Cervecerias Unidas from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Compania Cervecerias Unidas in a research note on Monday, December 29th. Two analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Compania Cervecerias Unidas has an average rating of “Reduce” and a consensus price target of $10.00.

Compania Cervecerias Unidas Price Performance

The stock has a market cap of $2.64 billion, a PE ratio of 18.58, a price-to-earnings-growth ratio of 3.93 and a beta of 0.46. 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’s fifty day moving average is $13.01 and its 200 day moving average is $12.53.

Compania Cervecerias Unidas (NYSE:CCU) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.09 earnings per share (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 business had revenue of $684.82 million during the quarter, compared to analyst estimates of $783.08 million. As a group, sell-side analysts anticipate that Compania Cervecerias Unidas, S.A. will post 0.68 earnings per share for the current fiscal year.

Institutional Trading of Compania Cervecerias Unidas

A number of hedge funds have recently made changes to their positions in CCU. EverSource Wealth Advisors LLC grew its holdings in Compania Cervecerias Unidas by 1,252.7% during 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 in the last quarter. First Horizon Corp acquired a new position in Compania Cervecerias Unidas during the 3rd quarter worth $60,000. Rhumbline Advisers lifted its position in shares of Compania Cervecerias Unidas by 140.6% during the first quarter. Rhumbline Advisers now owns 6,555 shares of the company’s stock worth $100,000 after purchasing an additional 3,831 shares during the last quarter. Advisory Services Network LLC bought a new position in Compania Cervecerias Unidas during the 3rd quarter worth approximately $91,000. Finally, First Affirmative Financial Network acquired a new stake in shares of Compania Cervecerias Unidas during the third quarter worth $143,000. Hedge funds and other institutional investors own 24.07% of the company’s stock.

About Compania Cervecerias Unidas

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.