Compania Cervecerias Unidas (NYSE:CCU) Shares Pass Above 200-Day Moving Average of $0.00

Compania Cervecerias Unidas, S.A. (NYSE:CCU)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as high as $28.23. Compania Cervecerias Unidas shares last traded at $28.05, with a volume of 22,919 shares traded.

Separately, Zacks Investment Research upgraded Compania Cervecerias Unidas from a “sell” rating to a “hold” rating in a report on Monday, July 8th.

The company has a debt-to-equity ratio of 0.17, a current ratio of 1.48 and a quick ratio of 1.48. The company’s 50 day moving average price is $28.16. The stock has a market cap of $5.17 billion, a P/E ratio of 10.24 and a beta of 0.49.

Compania Cervecerias Unidas (NYSE:CCU) last issued its earnings results on Wednesday, May 8th. The company reported $0.39 EPS for the quarter. The company had revenue of $714.33 million during the quarter. Compania Cervecerias Unidas had a return on equity of 22.99% and a net margin of 17.12%. On average, sell-side analysts anticipate that Compania Cervecerias Unidas, S.A. will post 1.35 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of the company. Mawer Investment Management Ltd. grew its stake in shares of Compania Cervecerias Unidas by 43.3% in the 1st quarter. Mawer Investment Management Ltd. now owns 1,654,592 shares of the company’s stock valued at $48,744,000 after buying an additional 499,986 shares during the period. FMR LLC grew its stake in shares of Compania Cervecerias Unidas by 9.7% in the 1st quarter. FMR LLC now owns 1,070,669 shares of the company’s stock valued at $31,542,000 after buying an additional 94,486 shares during the period. Commonwealth Bank of Australia grew its stake in shares of Compania Cervecerias Unidas by 6.7% in the 1st quarter. Commonwealth Bank of Australia now owns 1,043,082 shares of the company’s stock valued at $29,932,000 after buying an additional 65,195 shares during the period. Aperio Group LLC grew its stake in shares of Compania Cervecerias Unidas by 20.5% in the 2nd quarter. Aperio Group LLC now owns 675,679 shares of the company’s stock valued at $19,088,000 after buying an additional 115,092 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in Compania Cervecerias Unidas by 0.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 632,115 shares of the company’s stock valued at $15,888,000 after acquiring an additional 4,096 shares in the last quarter. Institutional investors own 17.31% of the company’s stock.

About Compania Cervecerias Unidas (NYSE:CCU)

Compañía Cervecerías Unidas SA operates as a beverage company principally in Chile, Argentina, Uruguay, Paraguay, Colombia, and Bolivia. The company operates through Chile, International Business, and Wine segments. 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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