Compania Cervecerias Unidas (NYSE:CCU) Stock Price Crosses Above 200 Day Moving Average - Here's What Happened

Key Points

• CCU shares rose above their 200-day moving average, reaching $11.91 before closing at $11.89, up 0.1% with 158,814 shares traded.
• Analyst sentiment remains negative: CCU has a consensus rating of “Strong Sell”, with three Sell ratings and one Hold rating, and an average price target of $11.50.
• The company’s latest quarterly results matched EPS expectations at a loss of $0.12 per share, while revenue of $659.17 million exceeded analyst estimates of $641.90 million; institutional investors own 24.07% of the stock.

Compania Cervecerias Unidas, S.A. (NYSE:CCU - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.76 and traded as high as $11.91. Compania Cervecerias Unidas shares last traded at $11.89, with a volume of 158,814 shares changing hands.

Analysts Set New Price Targets

Several brokerages have commented on CCU. JPMorgan Chase & Co. cut their target price on Compania Cervecerias Unidas from $14.00 to $13.00 and set an "underweight" rating on the stock in a report on Monday, August 31st. Weiss Ratings cut Compania Cervecerias Unidas from a "hold (c-)" rating to a "sell (d+)" rating in a report on Tuesday, August 11th. Wall Street Zen lowered shares of Compania Cervecerias Unidas from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. Finally, Zacks Research upgraded shares of Compania Cervecerias Unidas from a "strong sell" rating to a "hold" rating in a research report on Monday, June 15th. One equities research analyst has rated the stock with a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, Compania Cervecerias Unidas presently has a consensus rating of "Strong Sell" and an average target price of $11.50.

Compania Cervecerias Unidas Stock Up 0.1%

The firm has a market cap of $2.20 billion, a price-to-earnings ratio of 19.18, a PEG ratio of 1.11 and a beta of 0.53. The firm has a 50 day moving average of $11.63 and a 200 day moving average of $11.76. The company has a quick ratio of 1.17, a current ratio of 1.84 and a debt-to-equity ratio of 0.71.

Compania Cervecerias Unidas (NYSE:CCU - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported ($0.12) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.12). The firm had revenue of $659.17 million for the quarter, compared to analyst estimates of $641.90 million. Compania Cervecerias Unidas had a return on equity of 6.77% and a net margin of 3.71%. As a group, sell-side analysts predict that Compania Cervecerias Unidas, S.A. will post 0.73 earnings per share for the current year.

Institutional Investors Weigh In On Compania Cervecerias Unidas

A number of large investors have recently bought and sold shares of CCU. Arax Advisory Partners boosted its position in shares of Compania Cervecerias Unidas by 917.9% during the 4th quarter. Arax Advisory Partners now owns 2,270 shares of the company's stock worth $29,000 after purchasing an additional 2,047 shares in the last quarter. Parallel Advisors LLC increased 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 valued at $33,000 after buying an additional 1,045 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Compania Cervecerias Unidas by 1,252.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,233 shares of the company's stock worth $42,000 after buying an additional 2,994 shares during the period. GAMMA Investing LLC raised its stake in Compania Cervecerias Unidas by 65.0% during the 2nd quarter. GAMMA Investing LLC now owns 3,857 shares of the company's stock worth $43,000 after buying an additional 1,520 shares during the period. Finally, Rhumbline Advisers boosted its holdings in Compania Cervecerias Unidas by 140.6% in the first quarter. Rhumbline Advisers now owns 6,555 shares of the company's stock worth $100,000 after acquiring an additional 3,831 shares in the last quarter. 24.07% of the stock is currently owned by institutional investors and hedge funds.

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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