Compañía Cervecerías Unidas (NYSE:CCU) Upgraded at StockNews.com

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

Compañía Cervecerías Unidas Price Performance

Shares of CCU opened at $15.33 on Friday. The stock has a 50 day moving average of $13.12 and a 200-day moving average of $11.87. Compañía Cervecerías Unidas has a 52 week low of $10.00 and a 52 week high of $15.40. The firm has a market cap 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 company has a current ratio of 2.06, a quick ratio of 1.44 and a debt-to-equity ratio of 0.80.

Institutional Investors Weigh In On Compañía Cervecerías Unidas

A number of institutional investors have recently modified their holdings of CCU. First Eagle Investment Management LLC raised its stake in Compañía Cervecerías Unidas by 1.8% during the fourth quarter. First Eagle Investment Management LLC now owns 15,970,752 shares of the company’s stock worth $180,949,000 after acquiring an additional 281,295 shares during the period. Wellington Management Group LLP raised its position in shares of Compañía Cervecerías Unidas by 4.6% during the 4th quarter. Wellington Management Group LLP now owns 1,979,465 shares of the company’s stock worth $22,427,000 after purchasing an additional 87,318 shares during the period. Bennbridge Ltd bought a new stake in shares of Compañía Cervecerías Unidas in the 4th quarter worth approximately $14,120,000. BLI Banque de Luxembourg Investments bought a new stake in shares of Compañía Cervecerías Unidas in the 4th quarter worth approximately $7,141,000. Finally, Bank of America Corp DE boosted its position in 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 purchasing an additional 54,372 shares during the period. Institutional investors own 24.07% of the company’s stock.

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.