Wells Fargo & Company MN decreased its position in shares of Compañía Cervecerías Unidas S.A. (NYSE:CCU - Free Report) by 91.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the company. Fielder Capital Group LLC bought a new stake in Compañía Cervecerías Unidas in the fourth quarter worth about $115,000. Ballentine Partners LLC bought a new position in Compañía Cervecerías Unidas in the fourth quarter worth approximately $116,000. R Squared Ltd bought a new position in Compañía Cervecerías Unidas in the fourth quarter worth approximately $126,000. Sage Investment Counsel LLC bought a new position in Compañía Cervecerías Unidas in the fourth quarter worth approximately $168,000. Finally, Stokes Family Office LLC acquired a new position in shares of Compañía Cervecerías Unidas during the fourth quarter worth $195,000. Hedge funds and other institutional investors own 24.07% of the company's stock.
Compañía Cervecerías Unidas Stock Down 2.6%
CCU stock traded down $0.38 during midday trading on Thursday, hitting $14.19. The company's stock had a trading volume of 204,732 shares, compared to its average volume of 184,394. The company has a quick ratio of 1.44, a current ratio of 2.06 and a debt-to-equity ratio of 0.80. Compañía Cervecerías Unidas S.A. has a 52-week low of $10.00 and a 52-week high of $15.75. The firm has a market capitalization of $2.62 billion, a P/E ratio of 18.92, a PEG ratio of 2.69 and a beta of 0.74. The firm has a 50-day simple moving average of $14.98 and a 200-day simple moving average of $12.98.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on CCU shares. StockNews.com downgraded Compañía Cervecerías Unidas from a "strong-buy" rating to a "buy" rating in a research report on Friday, May 9th. Scotiabank downgraded shares of Compañía Cervecerías Unidas from a "strong-buy" rating to a "hold" rating in a report 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 company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $11.03.
Check Out Our Latest Research Report on Compañía Cervecerías Unidas
Compañía Cervecerías Unidas Company Profile
(
Free Report)
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.
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