JPMorgan Chase & Co. Issues Pessimistic Forecast for Compania Cervecerias Unidas (NYSE:CCU) Stock Price

Compania Cervecerias Unidas (NYSE:CCU) had its price target lowered by stock analysts at JPMorgan Chase & Co. from $14.00 to $13.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 9.84% from the stock’s current price.

Other equities research analysts also recently issued research reports about the stock. Weiss Ratings downgraded shares of Compania Cervecerias Unidas from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. Zacks Research upgraded shares of Compania Cervecerias Unidas from a “strong sell” rating to a “hold” rating in a report on Monday, June 15th. Finally, Wall Street Zen downgraded shares of Compania Cervecerias Unidas from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. One investment analyst has rated the stock with a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Compania Cervecerias Unidas has a consensus rating of “Strong Sell” and a consensus target price of $11.50.

Compania Cervecerias Unidas Stock Down 1.9%

Shares of CCU traded down $0.23 during trading hours on Monday, reaching $11.84. The company’s stock had a trading volume of 6,246 shares, compared to its average volume of 183,158. The firm has a market cap of $2.19 billion, a price-to-earnings ratio of 19.13, a P/E/G ratio of 1.11 and a beta of 0.52. Compania Cervecerias Unidas has a 1-year low of $10.71 and a 1-year high of $15.36. The company has a quick ratio of 1.17, a current ratio of 1.84 and a debt-to-equity ratio of 0.71. The company has a 50 day moving average of $11.58 and a two-hundred day moving average of $11.88.

Compania Cervecerias Unidas (NYSE:CCU) last posted its quarterly earnings results on Wednesday, August 5th. The company reported ($0.12) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.12). Compania Cervecerias Unidas had a net margin of 3.71% and a return on equity of 6.77%. The business had revenue of $659.17 million during the quarter, compared to analyst estimates of $641.90 million. As a group, research analysts predict that Compania Cervecerias Unidas will post 0.75 EPS for the current fiscal year.

Institutional Trading of Compania Cervecerias Unidas

Large investors have recently made changes to their positions in the stock. Empowered Funds LLC bought a new stake in Compania Cervecerias Unidas during the fourth quarter worth approximately $6,748,000. Wellington Management Group LLP raised its position in shares of Compania Cervecerias Unidas by 27.2% in the third quarter. Wellington Management Group LLP now owns 2,461,212 shares of the company’s stock valued at $29,830,000 after purchasing an additional 526,665 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in shares of Compania Cervecerias Unidas by 386.6% in the second quarter. Arrowstreet Capital Limited Partnership now owns 166,244 shares of the company’s stock worth $2,148,000 after buying an additional 132,083 shares during the last quarter. Marshall Wace LLP lifted its stake in shares of Compania Cervecerias Unidas by 83.8% in the second quarter. Marshall Wace LLP now owns 255,380 shares of the company’s stock worth $3,300,000 after buying an additional 116,418 shares during the last quarter. Finally, American Century Companies Inc. boosted 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 during the period. 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.