Compania Cervecerias Unidas (NYSE:CCU) Stock Passes Above 200 Day Moving Average - What's Next?

Key Points

• CCU shares moved above their 200-day moving average, reaching $12.75 before trading at approximately $12.58, compared with a 200-day average of $11.93.
• Analyst sentiment remains negative: one analyst rates the stock Hold and three rate it Sell, producing a consensus “Strong Sell” rating and a $12.00 price target.
• CCU’s latest quarterly results met EPS expectations at a $0.12 loss while revenue of $659.17 million exceeded estimates of $641.90 million; institutional investors own 24.07% of the company.

Compania Cervecerias Unidas, S.A. (NYSE:CCU - Get Free Report)'s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.93 and traded as high as $12.75. Compania Cervecerias Unidas shares last traded at $12.5770, with a volume of 174,551 shares.

Wall Street Analysts Forecast Growth

CCU has been the topic of a number of analyst reports. Zacks Research raised Compania Cervecerias Unidas from a "strong sell" rating to a "hold" rating in a report on Monday, June 15th. Weiss Ratings lowered Compania Cervecerias Unidas from a "hold (c-)" rating to a "sell (d+)" rating in a report on Tuesday, August 11th. Finally, Wall Street Zen cut Compania Cervecerias Unidas from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. One analyst has rated the stock with a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat.com, Compania Cervecerias Unidas currently has an average rating of "Strong Sell" and a consensus target price of $12.00.

Compania Cervecerias Unidas Stock Performance

The stock has a market cap of $2.32 billion, a price-to-earnings ratio of 20.29, a price-to-earnings-growth ratio of 0.87 and a beta of 0.52. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.17 and a current ratio of 1.84. The stock's 50-day simple moving average is $11.52 and its two-hundred day simple moving average is $11.93.

Compania Cervecerias Unidas (NYSE:CCU - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported ($0.12) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.12). The company had revenue of $659.17 million during the quarter, compared to analysts' expectations of $641.90 million. Compania Cervecerias Unidas had a net margin of 3.71% and a return on equity of 6.77%. Analysts forecast that Compania Cervecerias Unidas, S.A. will post 0.75 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Arax Advisory Partners raised its stake in Compania Cervecerias Unidas by 917.9% during the 4th quarter. Arax Advisory Partners now owns 2,270 shares of the company's stock valued at $29,000 after purchasing an additional 2,047 shares during the last quarter. HRT Financial LP acquired a new stake in Compania Cervecerias Unidas in the 4th quarter worth $142,000. Parallel Advisors LLC grew its position in Compania Cervecerias Unidas by 69.1% in the 4th quarter. Parallel Advisors LLC now owns 2,557 shares of the company's stock worth $33,000 after purchasing an additional 1,045 shares during the last quarter. Advisory Services Network LLC bought a new position in shares of Compania Cervecerias Unidas during the 3rd quarter worth about $91,000. Finally, Rhumbline Advisers increased its holdings in shares of Compania Cervecerias Unidas by 12.7% during the 3rd quarter. Rhumbline Advisers now owns 7,277 shares of the company's stock worth $88,000 after purchasing an additional 822 shares during the period. 24.07% of the stock is owned by institutional investors.

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.

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