Wellington Management Group LLP Sells 34,782 Shares of Compania Cervecerias Unidas, S.A. $CCU

Key Points

• Wellington Management Group LLP reduced its stake in Compania Cervecerias Unidas by 1.8% in Q1, holding 1,944,683 shares valued at approximately $29.56 million after selling 34,782 shares.
• Several other institutional investors made significant changes to their stakes in the company, with Northern Trust Corp boosting its position by 347.8% in the fourth quarter.
• Analysts have downgraded the stock rating to a consensus of "Reduce" with a target price of $9.40, reflecting diminishing investor confidence.

Wellington Management Group LLP lowered its position in Compania Cervecerias Unidas, S.A. (NYSE:CCU - Free Report) by 1.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,944,683 shares of the company's stock after selling 34,782 shares during the period. Wellington Management Group LLP owned 1.05% of Compania Cervecerias Unidas worth $29,559,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Virtu Financial LLC acquired a new stake in Compania Cervecerias Unidas during the 1st quarter worth $243,000. R Squared Ltd grew its holdings in Compania Cervecerias Unidas by 77.7% during the 1st quarter. R Squared Ltd now owns 19,809 shares of the company's stock worth $301,000 after acquiring an additional 8,659 shares during the period. Fielder Capital Group LLC boosted its position in shares of Compania Cervecerias Unidas by 24.3% during the first quarter. Fielder Capital Group LLC now owns 12,636 shares of the company's stock worth $192,000 after purchasing an additional 2,467 shares in the last quarter. Ballentine Partners LLC boosted its position in shares of Compania Cervecerias Unidas by 32.1% during the first quarter. Ballentine Partners LLC now owns 13,533 shares of the company's stock worth $206,000 after purchasing an additional 3,286 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in shares of Compania Cervecerias Unidas by 26.6% during the first quarter. Envestnet Asset Management Inc. now owns 73,026 shares of the company's stock worth $1,110,000 after purchasing an additional 15,323 shares in the last quarter. Institutional investors own 24.07% of the company's stock.

Analyst Upgrades and Downgrades

CCU has been the topic of a number of recent analyst reports. Scotiabank cut shares of Compania Cervecerias Unidas from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. Wall Street Zen cut shares of Compania Cervecerias Unidas from a "strong-buy" rating to a "buy" rating in a research report on Friday, May 9th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Compania Cervecerias Unidas has a consensus rating of "Reduce" and an average target price of $9.40.

Compania Cervecerias Unidas Trading Up 0.8%

NYSE CCU traded up $0.10 on Friday, hitting $12.41. The company's stock had a trading volume of 44,812 shares, compared to its average volume of 206,252. Compania Cervecerias Unidas, S.A. has a 1-year low of $10.03 and a 1-year high of $15.75. The company has a quick ratio of 1.43, a current ratio of 2.14 and a debt-to-equity ratio of 0.68. The company's 50-day moving average is $12.42 and its 200 day moving average is $13.65. The firm has a market cap of $2.29 billion, a PE ratio of 14.60, a PEG ratio of 1.12 and a beta of 0.66.

About Compania Cervecerias 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.