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

Compañía Cervecerías Unidas S.A. (NYSE:CCU - Get Free Report)'s share price hit a new 52-week high on Wednesday . The stock traded as high as $15.19 and last traded at $15.25, with a volume of 38694 shares changing hands. The stock had previously closed at $15.09.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Compañía Cervecerías Unidas from a "buy" rating to a "strong-buy" rating in a research note on Friday. Three equities research analysts have rated the stock with a sell rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Compañía Cervecerías Unidas has a consensus rating of "Hold" and a consensus target price of $11.03.

Compañía Cervecerías Unidas Stock Up 0.8 %

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 has a market capitalization of $2.83 billion, a price-to-earnings ratio of 20.43, a PEG ratio of 2.69 and a beta of 0.85. The firm's fifty day moving average is $13.12 and its 200-day moving average is $11.87.

Institutional Investors Weigh In On Compañía Cervecerías Unidas

Institutional investors have recently modified their holdings of the stock. First Eagle Investment Management LLC increased its holdings in 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 buying an additional 281,295 shares during the last quarter. Wellington Management Group LLP grew its position in shares of 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 acquiring an additional 87,318 shares in the last quarter. Bennbridge Ltd bought a new stake in shares of Compañía Cervecerías Unidas in the 4th quarter valued at approximately $14,120,000. BLI Banque de Luxembourg Investments acquired a new stake in shares of Compañía Cervecerías Unidas during the 4th quarter valued at approximately $7,141,000. Finally, Bank of America Corp DE raised its position in shares of Compañía Cervecerías Unidas by 28.9% during the 4th quarter. Bank of America Corp DE now owns 242,520 shares of the company's stock valued at $2,748,000 after acquiring an additional 54,372 shares in the last quarter. Institutional investors and hedge funds own 24.07% of the company's stock.

Remove Ads

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.