Compania Cervecerias Unidas (NYSE:CCU) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

Shares of Compania Cervecerias Unidas, S.A. (NYSE:CCU) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $12.58 and traded as high as $14.71. Compania Cervecerias Unidas shares last traded at $14.6780, with a volume of 183,963 shares trading hands.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CCU. Zacks Research lowered Compania Cervecerias Unidas from a “hold” rating to a “strong sell” rating in a research 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 research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $10.00.

Compania Cervecerias Unidas Trading Up 3.1%

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 simple moving average of $13.21 and a two-hundred day simple moving average of $12.58. The stock has a market cap of $2.71 billion, a price-to-earnings ratio of 19.06, a price-to-earnings-growth ratio of 3.96 and a beta of 0.46.

Compania Cervecerias Unidas (NYSE:CCU) last released its 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 net margin of 4.48% and a return on equity of 8.18%. The business had revenue of $684.82 million for the quarter, compared to analysts’ expectations of $783.08 million. As a group, equities analysts anticipate that Compania Cervecerias Unidas, S.A. will post 0.68 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. bought a new stake in Compania Cervecerias Unidas in the first quarter valued at about $579,000. Acadian Asset Management LLC grew its position in shares of Compania Cervecerias Unidas by 130.1% in the 2nd quarter. Acadian Asset Management LLC now owns 487,149 shares of the company’s stock worth $6,285,000 after acquiring an additional 275,435 shares in the last quarter. MQS Management LLC acquired a new position in shares of Compania Cervecerias Unidas in the 2nd quarter worth approximately $223,000. Envestnet Asset Management Inc. increased its holdings in shares of Compania Cervecerias Unidas by 6.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 78,043 shares of the company’s stock valued at $1,008,000 after acquiring an additional 5,017 shares during the last quarter. Finally, Savant Capital LLC acquired a new stake in shares of Compania Cervecerias Unidas during the 2nd quarter valued at approximately $165,000. 24.07% of the stock is owned by institutional investors and hedge funds.

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.