Sage Investment Counsel LLC Buys New Shares in Compañía Cervecerías Unidas S.A. (NYSE:CCU)

Sage Investment Counsel LLC acquired a new stake in shares of Compañía Cervecerías Unidas S.A. (NYSE:CCU) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 14,800 shares of the company’s stock, valued at approximately $168,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Stephens Inc. AR grew its stake in shares of Compañía Cervecerías Unidas by 23.2% during the fourth quarter. Stephens Inc. AR now owns 21,020 shares of the company’s stock valued at $238,000 after buying an additional 3,955 shares during the last quarter. Fielder Capital Group LLC bought a new position in shares of Compañía Cervecerías Unidas during the fourth quarter valued at about $115,000. Ballentine Partners LLC bought a new position in shares of Compañía Cervecerías Unidas during the fourth quarter valued at about $116,000. R Squared Ltd bought a new position in shares of Compañía Cervecerías Unidas during the fourth quarter valued at about $126,000. Finally, Wellington Management Group LLP grew its stake in shares of Compañía Cervecerías Unidas by 2.2% during the third quarter. Wellington Management Group LLP now owns 1,892,147 shares of the company’s stock valued at $22,006,000 after buying an additional 39,971 shares during the last quarter. 24.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Scotiabank raised Compañía Cervecerías Unidas from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 7th. The Goldman Sachs Group reduced their price objective on Compañía Cervecerías Unidas from $10.50 to $9.40 and set a “sell” rating on the stock in a research note on Tuesday, November 12th. Three research analysts have rated the stock with a sell rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Compañía Cervecerías Unidas currently has a consensus rating of “Hold” and an average target price of $11.03.

Compañía Cervecerías Unidas Stock Up 0.6 %

Shares of NYSE:CCU opened at $13.96 on Friday. Compañía Cervecerías Unidas S.A. has a 1 year low of $10.00 and a 1 year high of $14.14. The company has a market cap of $2.58 billion, a PE ratio of 18.62, a P/E/G ratio of 2.69 and a beta of 0.90. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.06 and a quick ratio of 1.44. The stock’s 50-day moving average is $12.10 and its 200 day moving average is $11.49.

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.