Compania Cervecerias Unidas (NYSE:CCU) Upgraded to “Hold” at Zacks Research

Compania Cervecerias Unidas (NYSE:CCU) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

A number of other equities research analysts have also issued reports on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Compania Cervecerias Unidas in a report on Monday, December 29th. JPMorgan Chase & Co. raised 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. Three research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $12.00.

Compania Cervecerias Unidas Stock Up 2.1%

Compania Cervecerias Unidas stock opened at $14.79 on Monday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.38 and a current ratio of 2.06. Compania Cervecerias Unidas has a fifty-two week low of $11.35 and a fifty-two week high of $15.75. The business’s 50-day simple moving average is $13.56 and its two-hundred day simple moving average is $12.72. The company has a market cap of $2.73 billion, a PE ratio of 19.21, a PEG ratio of 4.02 and a beta of 0.49.

Compania Cervecerias Unidas (NYSE:CCU) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.08). The company had revenue of $684.82 million for the quarter, compared to analyst estimates of $783.08 million. Compania Cervecerias Unidas had a return on equity of 8.18% and a net margin of 4.48%. Equities analysts anticipate that Compania Cervecerias Unidas will post 0.68 EPS for the current year.

Institutional Investors Weigh In On Compania Cervecerias Unidas

A number of institutional investors have recently bought and sold shares of the business. Wellington Management Group LLP raised its stake in shares of Compania Cervecerias Unidas by 27.2% in the 3rd quarter. Wellington Management Group LLP now owns 2,461,212 shares of the company’s stock valued at $29,830,000 after acquiring an additional 526,665 shares in the last quarter. Acadian Asset Management LLC boosted its stake in Compania Cervecerias Unidas by 130.1% in the 2nd quarter. Acadian Asset Management LLC now owns 487,149 shares of the company’s stock valued at $6,285,000 after buying an additional 275,435 shares in the last quarter. Bank of America Corp DE grew its position in Compania Cervecerias Unidas by 7.8% in the third quarter. Bank of America Corp DE now owns 304,785 shares of the company’s stock valued at $3,694,000 after acquiring an additional 22,008 shares during the period. Marshall Wace LLP raised its stake in Compania Cervecerias Unidas by 83.8% during the second quarter. Marshall Wace LLP now owns 255,380 shares of the company’s stock worth $3,300,000 after acquiring an additional 116,418 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Compania Cervecerias Unidas by 172.2% during the second quarter. American Century Companies Inc. now owns 173,672 shares of the company’s stock valued at $2,244,000 after acquiring an additional 109,867 shares during the period. 24.07% of the stock is currently 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.