Stokes Family Office LLC purchased a new stake in Compañía Cervecerías Unidas S.A. (NYSE:CCU - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 17,250 shares of the company's stock, valued at approximately $195,000.
Other hedge funds have also bought and sold shares of the company. First Eagle Investment Management LLC lifted its stake 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 buying an additional 281,295 shares in the last quarter. Wellington Management Group LLP lifted its position in Compañía Cervecerías Unidas by 2.2% in the 3rd quarter. Wellington Management Group LLP now owns 1,892,147 shares of the company's stock valued at $22,006,000 after acquiring an additional 39,971 shares in the last quarter. Bennbridge Ltd acquired a new position in Compañía Cervecerías Unidas during the 4th quarter valued at about $14,120,000. Catalyst Funds Management Pty Ltd bought a new stake in Compañía Cervecerías Unidas during the 4th quarter worth approximately $594,000. Finally, Stephens Inc. AR increased its holdings in Compañía Cervecerías Unidas by 23.2% during the 4th quarter. Stephens Inc. AR now owns 21,020 shares of the company's stock worth $238,000 after purchasing an additional 3,955 shares in the last quarter. Institutional investors and hedge funds own 24.07% of the company's stock.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded Compañía Cervecerías Unidas from a "buy" rating to a "strong-buy" rating in a report on Friday. Three research analysts have rated the stock with a sell rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $11.03.
Get Our Latest Research Report on Compañía Cervecerías Unidas
Compañía Cervecerías Unidas Stock Down 1.6 %
Compañía Cervecerías Unidas stock traded down $0.25 during midday trading on Monday, hitting $15.09. 222,733 shares of the stock were exchanged, compared to its average volume of 159,641. The company has a quick ratio of 1.44, a current ratio of 2.06 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $2.79 billion, a price-to-earnings ratio of 20.12, a price-to-earnings-growth ratio of 2.69 and a beta of 0.85. Compañía Cervecerías Unidas S.A. has a 52-week low of $10.00 and a 52-week high of $15.40. The business's 50-day moving average price is $13.12 and its 200-day moving average price is $11.87.
Compañía Cervecerías Unidas Company Profile
(
Free Report)
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.
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