Compania Cervecerias Unidas (NYSE:CCU) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Compania Cervecerias Unidas, S.A. (NYSE:CCU) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $12.81 and traded as high as $14.95. Compania Cervecerias Unidas shares last traded at $14.79, with a volume of 206,940 shares traded.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CCU. Weiss Ratings reissued a “hold (c)” rating on shares of Compania Cervecerias Unidas in a research note on Monday, December 29th. JPMorgan Chase & Co. lifted their price objective on Compania Cervecerias Unidas from $10.00 to $14.00 and gave the stock an “underweight” rating in a research report on Monday, February 2nd. Finally, Zacks Research raised Compania Cervecerias Unidas from a “strong sell” rating to a “hold” rating in a research note on Monday, February 2nd. Three investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Compania Cervecerias Unidas currently has an average rating of “Reduce” and a consensus price target of $12.00.

Compania Cervecerias Unidas Trading Up 1.8%

The company has a quick ratio of 1.38, a current ratio of 2.06 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $2.73 billion, a P/E ratio of 19.21, a P/E/G ratio of 4.19 and a beta of 0.49. The firm’s 50 day simple moving average is $13.69 and its two-hundred day simple moving average is $12.81.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC boosted its holdings in Compania Cervecerias Unidas by 69.1% in the fourth quarter. Parallel Advisors LLC now owns 2,557 shares of the company’s stock worth $33,000 after acquiring an additional 1,045 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Compania Cervecerias Unidas by 1,252.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,233 shares of the company’s stock worth $42,000 after purchasing an additional 2,994 shares in the last quarter. First Horizon Corp acquired a new stake in Compania Cervecerias Unidas in the 3rd quarter valued at $60,000. Rhumbline Advisers increased its stake in Compania Cervecerias Unidas by 12.7% during the 3rd quarter. Rhumbline Advisers now owns 7,277 shares of the company’s stock valued at $88,000 after purchasing an additional 822 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new position in Compania Cervecerias Unidas during the third quarter worth $91,000. 24.07% of the stock is owned by institutional investors and hedge funds.

About Compania Cervecerias Unidas

Compañía Cervecerías Unidas SA (NYSE: CCU) is a Chile-based beverages company with operations across Latin America. The company engages in the production, marketing and distribution of beer, soft drinks, wines, mineral water and other non-alcoholic beverages. Through a combination of owned brands and licensing agreements, CCU serves both domestic and export markets with a diversified portfolio designed to meet evolving consumer tastes.

In its beer segment, CCU produces flagship brands such as Cristal, Escudo and Royal Guard, while also brewing international labels under license, including Heineken in select markets.