Compania Cervecerias Unidas (NYSE:CCU) Sees Large Volume Increase – Here’s Why

Compania Cervecerias Unidas, S.A. (NYSE:CCU) shares saw strong trading volume on Wednesday . 1,200,774 shares were traded during mid-day trading, an increase of 518% from the previous session’s volume of 194,438 shares.The stock last traded at $11.94 and had previously closed at $11.79.

Analyst Ratings Changes

Several research firms have issued reports on CCU. Wall Street Zen upgraded Compania Cervecerias Unidas from a “hold” rating to a “strong-buy” rating in a research note on Saturday, May 16th. Weiss Ratings reissued a “hold (c)” rating on shares of Compania Cervecerias Unidas in a report on Friday, March 27th. JPMorgan Chase & Co. increased their price target on Compania Cervecerias Unidas from $10.00 to $14.00 and gave the company an “underweight” rating in a research note on Monday, February 2nd. Finally, Zacks Research downgraded Compania Cervecerias Unidas from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 1st. One research analyst has rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Compania Cervecerias Unidas has a consensus rating of “Strong Sell” and a consensus target price of $12.00.

Compania Cervecerias Unidas Stock Performance

The company has a fifty day moving average of $11.67 and a two-hundred day moving average of $12.79. The firm has a market capitalization of $2.17 billion, a price-to-earnings ratio of 17.22, a PEG ratio of 0.97 and a beta of 0.53. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.46 and a current ratio of 2.04.

Compania Cervecerias Unidas (NYSE:CCU) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.08. The firm had revenue of $884.42 million for the quarter, compared to analyst estimates of $839.83 million. Compania Cervecerias Unidas had a return on equity of 7.34% and a net margin of 4.14%. As a group, equities research analysts predict that Compania Cervecerias Unidas, S.A. will post 0.74 earnings per share for the current fiscal year.

Institutional Trading of Compania Cervecerias Unidas

A number of institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. acquired a new stake in shares of Compania Cervecerias Unidas in the first quarter valued at approximately $579,000. Jane Street Group LLC acquired a new stake in Compania Cervecerias Unidas during the first quarter worth about $194,000. Rhumbline Advisers increased its stake in Compania Cervecerias Unidas by 140.6% in the first quarter. Rhumbline Advisers now owns 6,555 shares of the company’s stock valued at $100,000 after acquiring an additional 3,831 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Compania Cervecerias Unidas by 172.2% during the 2nd quarter. American Century Companies Inc. now owns 173,672 shares of the company’s stock worth $2,244,000 after buying an additional 109,867 shares in the last quarter. Finally, Russell Investments Group Ltd. acquired a new position in shares of Compania Cervecerias Unidas during the 2nd quarter worth $164,000. Institutional investors own 24.07% of the company’s stock.

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.