Wells Fargo & Company MN Has $83,000 Position in Compañía Cervecerías Unidas S.A. (NYSE:CCU)

Wells Fargo & Company MN lessened its position in Compañía Cervecerías Unidas S.A. (NYSE:CCU) by 91.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,354 shares of the company’s stock after selling 75,976 shares during the period. Wells Fargo & Company MN’s holdings in Compañía Cervecerías Unidas were worth $83,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Fielder Capital Group LLC acquired a new position in shares of Compañía Cervecerías Unidas during the fourth quarter worth $115,000. Ballentine Partners LLC acquired a new position in shares of Compañía Cervecerías Unidas during the fourth quarter worth $116,000. R Squared Ltd acquired a new position in shares of Compañía Cervecerías Unidas during the fourth quarter worth $126,000. Sage Investment Counsel LLC acquired a new position in shares of Compañía Cervecerías Unidas during the fourth quarter worth $168,000. Finally, Stokes Family Office LLC acquired a new position in shares of Compañía Cervecerías Unidas during the fourth quarter worth $195,000. Institutional investors and hedge funds own 24.07% of the company’s stock.

Compañía Cervecerías Unidas Stock Performance

NYSE:CCU opened at $14.58 on Tuesday. The company has a market capitalization of $2.69 billion, a PE ratio of 19.44, a P/E/G ratio of 2.69 and a beta of 0.74. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.44 and a current ratio of 2.06. The company has a 50 day simple moving average of $14.99 and a two-hundred day simple moving average of $12.94. Compañía Cervecerías Unidas S.A. has a fifty-two week low of $10.00 and a fifty-two week high of $15.75.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on CCU shares. StockNews.com lowered shares of Compañía Cervecerías Unidas from a “strong-buy” rating to a “buy” rating in a report on Friday. Scotiabank downgraded shares of Compañía Cervecerías Unidas from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 8th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Compañía Cervecerías Unidas presently has an average rating of “Hold” and a consensus target price of $11.03.

Compañía Cervecerías Unidas Profile

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.