Wellington Management Group LLP Increases Stock Holdings in Compañía Cervecerías Unidas S.A. (NYSE:CCU)

Wellington Management Group LLP boosted its stake in shares of Compañía Cervecerías Unidas S.A. (NYSE:CCU - Free Report) by 4.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,979,465 shares of the company's stock after buying an additional 87,318 shares during the period. Wellington Management Group LLP owned approximately 1.07% of Compañía Cervecerías Unidas worth $22,427,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Stephens Inc. AR raised 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 acquiring an additional 3,955 shares in the last quarter. Fielder Capital Group LLC purchased a new position in shares of Compañía Cervecerías Unidas during the fourth quarter valued at $115,000. Ballentine Partners LLC bought a new stake in shares of Compañía Cervecerías Unidas in the fourth quarter valued at about $116,000. R Squared Ltd purchased a new position in Compañía Cervecerías Unidas during the 4th quarter valued at about $126,000. Finally, Sage Investment Counsel LLC bought a new stake in shares of Compañía Cervecerías Unidas in the 4th quarter valued at about $168,000. 24.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Compañía Cervecerías Unidas from a "buy" rating to a "strong-buy" rating in a research note on Friday, March 21st. Three investment analysts have rated the stock with a sell rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $11.03.

Remove Ads

Compañía Cervecerías Unidas Price Performance

NYSE CCU traded up $0.57 during mid-day trading on Friday, hitting $14.88. The stock had a trading volume of 265,520 shares, compared to its average volume of 175,040. Compañía Cervecerías Unidas S.A. has a twelve month low of $10.00 and a twelve month high of $15.67. 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's 50 day moving average is $14.12 and its 200 day moving average is $12.36. The stock has a market capitalization of $2.75 billion, a price-to-earnings ratio of 19.84, a PEG ratio of 2.69 and a beta of 0.73.

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.