Wellington Management Group LLP Boosts Stake in Compañía Cervecerías Unidas S.A. (NYSE:CCU)

Wellington Management Group LLP increased its holdings in shares of Compañía Cervecerías Unidas S.A. (NYSE:CCU) by 4.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,979,465 shares of the company’s stock after buying an additional 87,318 shares during the period. Wellington Management Group LLP’s holdings in Compañía Cervecerías Unidas were worth $22,427,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Fielder Capital Group LLC purchased a new position in shares of Compañía Cervecerías Unidas during the 4th quarter worth $115,000. Ballentine Partners LLC acquired a new position in shares of Compañía Cervecerías Unidas in the 4th quarter worth approximately $116,000. R Squared Ltd acquired a new position in Compañía Cervecerías Unidas during the fourth quarter worth $126,000. Sage Investment Counsel LLC acquired a new position in Compañía Cervecerías Unidas during the 4th quarter worth about $168,000. Finally, Stokes Family Office LLC acquired a new position in Compañía Cervecerías Unidas in the 4th quarter valued at about $195,000. Hedge funds and other institutional investors own 24.07% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Compañía Cervecerías Unidas from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 21st. Three equities research analysts have rated the stock with a sell rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $11.03.

Compañía Cervecerías Unidas Trading Down 5.6 %

CCU opened at $13.87 on Tuesday. The business has a fifty day moving average price of $13.87 and a 200 day moving average price of $12.23. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.06 and a quick ratio of 1.44. Compañía Cervecerías Unidas S.A. has a 12 month low of $10.00 and a 12 month high of $15.67. The stock has a market capitalization of $2.56 billion, a price-to-earnings ratio of 18.49, a PEG ratio of 2.69 and a beta of 0.73.

Compañía Cervecerías Unidas Company Profile

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.