Compania Cervecerias Unidas (NYSE:CCU) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Compania Cervecerias Unidas, S.A. (NYSE:CCU) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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.

Analyst Ratings Changes

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

Compania Cervecerias Unidas Stock Up 1.0%

The business has a 50 day moving average of $13.01 and a 200-day moving average of $12.53. The stock has a market cap of $2.64 billion, a PE ratio of 18.58, a P/E/G ratio of 3.93 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.

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

Institutional Trading of Compania Cervecerias Unidas

Several hedge funds have recently made changes to their positions in CCU. Goldman Sachs Group Inc. acquired a new stake in Compania Cervecerias Unidas in the first quarter valued at about $579,000. Jane Street Group LLC acquired a new position in Compania Cervecerias Unidas during the first quarter worth about $194,000. Rhumbline Advisers raised its holdings in 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. Diversified Trust Co purchased a new stake in shares of Compania Cervecerias Unidas in the second quarter valued at about $155,000. Finally, Blue Trust Inc. increased its position in Compania Cervecerias Unidas by 4.3% during the 2nd quarter. Blue Trust Inc. now owns 25,295 shares of the company’s stock worth $327,000 after purchasing an additional 1,043 shares in the last quarter. Institutional investors and hedge funds 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.