Compania Cervecerias Unidas (NYSE:CCU) Share Price Passes Above 200 Day Moving Average – What’s Next?

Compania Cervecerias Unidas, S.A. (NYSE:CCU)’s share price crossed 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.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Weiss Ratings cut shares of Compania Cervecerias Unidas from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. Zacks Research raised shares of Compania Cervecerias Unidas from a “strong sell” rating to a “hold” rating in a research report on Monday, June 15th. Finally, Wall Street Zen cut shares of Compania Cervecerias Unidas from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. One research analyst has rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Compania Cervecerias Unidas currently has a consensus rating of “Strong Sell” and an average price target of $12.00.

Compania Cervecerias Unidas Price Performance

The business has a fifty day moving average of $11.54 and a two-hundred day moving average of $11.92. 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 firm has a market capitalization of $2.26 billion, a price-to-earnings ratio of 19.73, a price-to-earnings-growth ratio of 0.86 and a beta of 0.52.

Compania Cervecerias Unidas (NYSE:CCU) last announced its quarterly earnings results on Tuesday, August 4th. The company reported ($0.12) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.12). Compania Cervecerias Unidas had a return on equity of 6.77% and a net margin of 3.71%.The business had revenue of $659.17 million during the quarter, compared to the consensus estimate of $641.90 million. As a group, research analysts predict that Compania Cervecerias Unidas, S.A. will post 0.75 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of CCU. Goldman Sachs Group Inc. bought a new position in shares of Compania Cervecerias Unidas during the first quarter worth approximately $579,000. Jane Street Group LLC acquired a new position in Compania Cervecerias Unidas in the 1st quarter valued at $194,000. Rhumbline Advisers grew its holdings in Compania Cervecerias Unidas by 140.6% in the 1st quarter. Rhumbline Advisers now owns 6,555 shares of the company’s stock valued at $100,000 after buying an additional 3,831 shares in the last quarter. American Century Companies Inc. increased its position in Compania Cervecerias Unidas by 172.2% during the 2nd quarter. American Century Companies Inc. now owns 173,672 shares of the company’s stock worth $2,244,000 after buying an additional 109,867 shares during the period. Finally, Russell Investments Group Ltd. bought a new position in Compania Cervecerias Unidas during the 2nd quarter worth $164,000. Institutional investors and hedge funds own 24.07% of the company’s stock.

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.