Stokes Family Office LLC Invests $195,000 in Compañía Cervecerías Unidas S.A. (NYSE:CCU)

Stokes Family Office LLC acquired a new position in Compañía Cervecerías Unidas S.A. (NYSE:CCU) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 17,250 shares of the company’s stock, valued at approximately $195,000.

Several other institutional investors and hedge funds have also recently modified their holdings of CCU. First Eagle Investment Management LLC increased its position in shares of 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 valued at $180,949,000 after acquiring an additional 281,295 shares during the last quarter. Ballentine Partners LLC purchased a new stake in shares of Compañía Cervecerías Unidas during the fourth quarter valued at approximately $116,000. Stephens Inc. AR increased its position in shares of Compañía Cervecerías Unidas by 23.2% during the fourth quarter. Stephens Inc. AR now owns 21,020 shares of the company’s stock valued at $238,000 after acquiring an additional 3,955 shares during the last quarter. Bennbridge Ltd purchased a new stake in shares of Compañía Cervecerías Unidas during the fourth quarter valued at approximately $14,120,000. Finally, Wellington Management Group LLP increased its position in shares of Compañía Cervecerías Unidas by 2.2% during the third quarter. Wellington Management Group LLP now owns 1,892,147 shares of the company’s stock valued at $22,006,000 after acquiring an additional 39,971 shares during the last quarter. 24.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Compañía Cervecerías Unidas from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 13th. Three investment analysts have rated the stock with a sell rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Compañía Cervecerías Unidas has an average rating of “Hold” and a consensus price target of $11.03.

Compañía Cervecerías Unidas Price Performance

Shares of NYSE CCU opened at $15.37 on Thursday. The stock has a fifty day simple moving average of $12.97 and a two-hundred day simple moving average of $11.80. Compañía Cervecerías Unidas S.A. has a 1-year low of $10.00 and a 1-year high of $15.40. The firm has a market cap of $2.84 billion, a price-to-earnings ratio of 20.49, a price-to-earnings-growth 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.

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.