Compañía Cervecerías Unidas (NYSE:CCU) Hits New 52-Week High – What’s Next?

Compañía Cervecerías Unidas S.A. (NYSE:CCU)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $15.67 and last traded at $15.61, with a volume of 296500 shares changing hands. The stock had previously closed at $15.16.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Compañía Cervecerías Unidas from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 21st. Three investment analysts have rated the stock with a sell rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $11.03.

Compañía Cervecerías Unidas Trading Up 3.0 %

The stock has a market cap of $2.88 billion, a P/E ratio of 20.81, a P/E/G ratio of 2.69 and a beta of 0.85. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.06 and a quick ratio of 1.44. The firm’s 50 day moving average price is $13.70 and its 200-day moving average price is $12.13.

Institutional Trading of Compañía Cervecerías Unidas

Several institutional investors have recently added to or reduced their stakes in CCU. Bennbridge Ltd purchased a new stake in shares of Compañía Cervecerías Unidas during the fourth quarter valued at $14,120,000. BLI Banque de Luxembourg Investments bought a new position in Compañía Cervecerías Unidas during the 4th quarter valued at about $7,141,000. First Eagle Investment Management LLC boosted its holdings in shares of Compañía Cervecerías Unidas by 1.8% during the 4th quarter. First Eagle Investment Management LLC now owns 15,970,752 shares of the company’s stock valued at $180,949,000 after acquiring an additional 281,295 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Compañía Cervecerías Unidas by 4.6% in the fourth quarter. Wellington Management Group LLP now owns 1,979,465 shares of the company’s stock worth $22,427,000 after acquiring an additional 87,318 shares during the period. Finally, Northern Trust Corp raised its holdings in shares of Compañía Cervecerías Unidas by 347.8% during the fourth quarter. Northern Trust Corp now owns 88,180 shares of the company’s stock valued at $999,000 after purchasing an additional 68,490 shares during the last quarter. 24.07% of the stock is currently owned by hedge funds and other institutional investors.

About Compañía Cervecerías Unidas

Compañía Cervecerías Unidas SA operates as a beverage company in Chile, Argentina, Bolivia, Colombia, Paraguay, and Uruguay. The company operates through three segments: Chile, International Business, and Wine. It produces and sells alcoholic and non-alcoholic beer under proprietary and licensed brands, as well as distributes Pernod Ricard products in non-supermarket retail stores.