Compañía Cervecerías Unidas (NYSE:CCU) Hits New 52-Week High – Time to Buy?

Compañía Cervecerías Unidas S.A. (NYSE:CCU) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as $14.40 and last traded at $14.23, with a volume of 19543 shares. The stock had previously closed at $14.09.

Analyst Upgrades and Downgrades

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

Compañía Cervecerías Unidas Stock Up 2.2 %

The firm has a market capitalization of $2.66 billion, a price-to-earnings ratio of 19.23, a price-to-earnings-growth ratio of 2.69 and a beta of 0.90. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.44 and a current ratio of 2.06. The business’s 50 day moving average is $12.24 and its 200-day moving average is $11.55.

Institutional Investors Weigh In On Compañía Cervecerías Unidas

Several hedge funds and other institutional investors have recently made changes to their positions in CCU. First Eagle Investment Management LLC lifted its position in shares of 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 purchasing an additional 281,295 shares during the last quarter. Wellington Management Group LLP increased its position 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 worth $22,427,000 after buying an additional 87,318 shares during the period. Bennbridge Ltd acquired a new position in shares of Compañía Cervecerías Unidas during the fourth quarter worth approximately $14,120,000. BLI Banque de Luxembourg Investments bought a new stake in shares of Compañía Cervecerías Unidas in the fourth quarter valued at approximately $7,141,000. Finally, Bank of America Corp DE grew its stake in shares of Compañía Cervecerías Unidas by 28.9% in the fourth quarter. Bank of America Corp DE now owns 242,520 shares of the company’s stock worth $2,748,000 after acquiring an additional 54,372 shares during the last quarter. 24.07% of the stock is owned by institutional investors and hedge funds.

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.