Compañía Cervecerías Unidas (NYSE:CCU) Rating Lowered to Buy at StockNews.com

Compañía Cervecerías Unidas (NYSE:CCU) was downgraded by research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued on Friday.

Compañía Cervecerías Unidas Trading Down 0.1 %

Shares of CCU stock opened at $14.84 on Friday. Compañía Cervecerías Unidas has a 12-month low of $10.00 and a 12-month high of $15.75. The firm has a 50 day moving average price of $14.99 and a two-hundred day moving average price of $12.90. The company has a quick ratio of 1.44, a current ratio of 2.06 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $2.74 billion, a PE ratio of 19.79, a price-to-earnings-growth ratio of 2.69 and a beta of 0.74.

Institutional Investors Weigh In On Compañía Cervecerías Unidas

A number of institutional investors have recently modified their holdings of CCU. Bennbridge Ltd bought a new stake in Compañía Cervecerías Unidas in the 4th quarter valued at about $14,120,000. BLI Banque de Luxembourg Investments acquired a new stake in Compañía Cervecerías Unidas during the fourth quarter worth approximately $7,141,000. First Eagle Investment Management LLC increased its stake in Compañía Cervecerías Unidas by 1.8% during the 4th quarter. First Eagle Investment Management LLC now owns 15,970,752 shares of the company’s stock worth $180,949,000 after acquiring an additional 281,295 shares during the period. Wellington Management Group LLP raised its holdings in Compañía Cervecerías Unidas by 4.6% in the 4th quarter. Wellington Management Group LLP now owns 1,979,465 shares of the company’s stock valued at $22,427,000 after acquiring an additional 87,318 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Compañía Cervecerías Unidas by 347.8% during the 4th quarter. Northern Trust Corp now owns 88,180 shares of the company’s stock valued at $999,000 after acquiring an additional 68,490 shares during the period. Institutional investors own 24.07% of the company’s stock.

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.