StockNews.com Upgrades Compañía Cervecerías Unidas (NYSE:CCU) to “Strong-Buy”

StockNews.com upgraded shares of Compañía Cervecerías Unidas (NYSE:CCU) from a buy rating to a strong-buy rating in a report issued on Friday morning.

Compañía Cervecerías Unidas Stock Performance

Shares of CCU stock opened at $15.33 on Friday. The business has a 50 day simple moving average of $13.12 and a 200 day simple moving average of $11.87. 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 firm has a market capitalization of $2.83 billion, a price-to-earnings ratio of 20.43, a price-to-earnings-growth ratio of 2.69 and a beta of 0.85. Compañía Cervecerías Unidas has a 12-month low of $10.00 and a 12-month high of $15.40.

Institutional Investors Weigh In On Compañía Cervecerías Unidas

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bennbridge Ltd bought a new position in Compañía Cervecerías Unidas in the 4th quarter valued at about $14,120,000. BLI Banque de Luxembourg Investments acquired a new stake in shares of Compañía Cervecerías Unidas in the 4th quarter worth approximately $7,141,000. First Eagle Investment Management LLC boosted its holdings in shares of Compañía Cervecerías Unidas by 1.8% in the fourth quarter. First Eagle Investment Management LLC now owns 15,970,752 shares of the company’s stock valued at $180,949,000 after acquiring an additional 281,295 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Compañía Cervecerías Unidas by 4.6% in the fourth 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 increased its stake in shares of Compañía Cervecerías Unidas by 347.8% during the fourth 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. 24.07% of the stock is currently owned by institutional investors.

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.