Wellington Management Group LLP Raises Stock Holdings in Compañía Cervecerías Unidas S.A. (NYSE:CCU)

Wellington Management Group LLP boosted its position in Compañía Cervecerías Unidas S.A. (NYSE:CCU - Free Report) by 4.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,979,465 shares of the company's stock after acquiring an additional 87,318 shares during the period. Wellington Management Group LLP owned 1.07% of Compañía Cervecerías Unidas worth $22,427,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. BLI Banque de Luxembourg Investments acquired a new position in shares of Compañía Cervecerías Unidas during the fourth quarter worth approximately $7,141,000. First Eagle Investment Management LLC increased its stake in 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 purchasing an additional 281,295 shares in the last quarter. D. E. Shaw & Co. Inc. bought a new position in shares of Compañía Cervecerías Unidas in the fourth quarter valued at $149,000. Bank of America Corp DE lifted its stake in shares of Compañía Cervecerías Unidas by 28.9% in the fourth quarter. Bank of America Corp DE now owns 242,520 shares of the company's stock valued at $2,748,000 after buying an additional 54,372 shares in the last quarter. Finally, Stephens Inc. AR grew its holdings in shares of Compañía Cervecerías Unidas by 23.2% during the fourth quarter. Stephens Inc. AR now owns 21,020 shares of the company's stock valued at $238,000 after buying an additional 3,955 shares during the last quarter. Institutional investors and hedge funds own 24.07% of the company's stock.

Compañía Cervecerías Unidas Stock Up 1.3%

Shares of NYSE CCU traded up $0.18 during trading on Wednesday, hitting $13.79. The stock had a trading volume of 155,855 shares, compared to its average volume of 186,781. The firm has a fifty day moving average of $14.65 and a two-hundred day moving average of $13.26. The company has a market capitalization of $2.55 billion, a PE ratio of 18.39, a PEG ratio of 2.69 and a beta of 0.74. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.06 and a quick ratio of 1.44. Compañía Cervecerías Unidas S.A. has a 12 month low of $10.00 and a 12 month high of $15.75.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on CCU shares. Scotiabank lowered shares of Compañía Cervecerías Unidas from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. Wall Street Zen downgraded Compañía Cervecerías Unidas from a "strong-buy" rating to a "buy" rating in a research note on Friday, May 9th.

Compañía Cervecerías Unidas Company Profile

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.