Wells Fargo & Company MN Sells 75,976 Shares of Compañía Cervecerías Unidas S.A. (NYSE:CCU)

Wells Fargo & Company MN reduced its position in Compañía Cervecerías Unidas S.A. (NYSE:CCU - Free Report) by 91.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 7,354 shares of the company's stock after selling 75,976 shares during the period. Wells Fargo & Company MN's holdings in Compañía Cervecerías Unidas were worth $83,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Fielder Capital Group LLC purchased a new position in shares of Compañía Cervecerías Unidas during the fourth quarter worth about $115,000. Ballentine Partners LLC purchased a new position in shares of Compañía Cervecerías Unidas during the fourth quarter worth about $116,000. R Squared Ltd purchased a new position in shares of Compañía Cervecerías Unidas during the fourth quarter worth about $126,000. Sage Investment Counsel LLC purchased a new position in shares of Compañía Cervecerías Unidas during the fourth quarter worth about $168,000. Finally, Stokes Family Office LLC purchased a new position in shares of Compañía Cervecerías Unidas during the fourth quarter worth about $195,000. 24.07% of the stock is currently owned by institutional investors.

Compañía Cervecerías Unidas Trading Down 0.1%

Shares of Compañía Cervecerías Unidas stock traded down $0.02 during midday trading on Friday, reaching $14.17. 268,686 shares of the company's stock traded hands, compared to its average volume of 185,334. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.44 and a current ratio of 2.06. The company has a market cap of $2.62 billion, a PE ratio of 18.89, a price-to-earnings-growth ratio of 2.69 and a beta of 0.74. The stock has a 50 day moving average of $14.98 and a 200-day moving average of $13.03. Compañía Cervecerías Unidas S.A. has a 12 month low of $10.00 and a 12 month high of $15.75.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. StockNews.com lowered Compañía Cervecerías Unidas from a "strong-buy" rating to a "buy" rating in a report on Friday, May 9th. Scotiabank lowered Compañía Cervecerías Unidas from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. Three research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $11.03.

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.