Zacks Investment Research downgraded shares of Compania Cervecerias Unidas, S.A. (NYSE:CCU) from a buy rating to a hold rating in a research report released on Thursday morning.

According to Zacks, “Compañía Cervecerías Unidas S. A. (CCU) has successfully positioned itself as a Chilean multinational beverage company, with diversified businesses and operations focused on the Southern Cone of South America. CCU is active in the beer industry in Chile, where it operates the country’s leading brewery, and in Argentina, where it holds third place in the market. In the non-alcoholic beverages sector, it is Chile’s second-largest bottler of carbonated beverages and the leader in the mineral water market. It has winemaking operations in Argentina and in Chile. “

Separately, BidaskClub upgraded Compania Cervecerias Unidas, from a hold rating to a buy rating in a report on Saturday, August 19th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Compania Cervecerias Unidas, currently has a consensus rating of Buy and an average target price of $27.50.

Shares of Compania Cervecerias Unidas, (CCU) opened at 26.74 on Thursday. Compania Cervecerias Unidas, has a 12 month low of $19.49 and a 12 month high of $28.22. The stock has a 50 day moving average price of $27.29 and a 200 day moving average price of $26.41. The stock has a market capitalization of $4.94 billion, a P/E ratio of 25.04 and a beta of 0.30.

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Hedge funds have recently modified their holdings of the company. Mckinley Capital Management LLC Delaware purchased a new position in shares of Compania Cervecerias Unidas, during the second quarter valued at $4,751,000. Global X Management Co. LLC grew its holdings in shares of Compania Cervecerias Unidas, by 22.2% during the second quarter. Global X Management Co. LLC now owns 113,602 shares of the company’s stock valued at $2,981,000 after buying an additional 20,650 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of Compania Cervecerias Unidas, by 26,153.8% during the second quarter. Bank of Montreal Can now owns 34,130 shares of the company’s stock valued at $895,000 after buying an additional 34,000 shares in the last quarter. Marathon Asset Management LLP grew its holdings in shares of Compania Cervecerias Unidas, by 13.0% during the second quarter. Marathon Asset Management LLP now owns 26,980 shares of the company’s stock valued at $708,000 after buying an additional 3,095 shares in the last quarter. Finally, First Eagle Investment Management LLC grew its holdings in shares of Compania Cervecerias Unidas, by 4.3% during the second quarter. First Eagle Investment Management LLC now owns 6,662,451 shares of the company’s stock valued at $174,823,000 after buying an additional 271,740 shares in the last quarter. Institutional investors and hedge funds own 14.10% of the company’s stock.

About Compania Cervecerias Unidas,

Compania Cervecerias Unidas SA is a diversified beverage company operating principally in Chile, Argentina, Bolivia, Colombia, Paraguay and Uruguay. The Company operates as a brewer, soft drinks producer, water and nectar producer, wine producer and pisco distributor. The Company’s segments include Chile, International Business and Wine.

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