Compania Cervecerias Unidas (NYSE:CCU) Upgraded at Zacks Research

Zacks Research upgraded shares of Compania Cervecerias Unidas (NYSE:CCU) from a strong sell rating to a hold rating in a research report sent to investors on Monday,Zacks.com reports.

CCU has been the topic of several other reports. JPMorgan Chase & Co. raised their price objective on Compania Cervecerias Unidas from $10.00 to $14.00 and gave the company an “underweight” rating in a research note on Monday. Weiss Ratings reissued a “hold (c)” rating on shares of Compania Cervecerias Unidas in a research note on Monday, December 29th. Three investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $12.00.

Compania Cervecerias Unidas Trading Down 3.8%

Compania Cervecerias Unidas stock opened at $14.26 on Monday. Compania Cervecerias Unidas has a 52 week low of $11.35 and a 52 week high of $15.75. The stock has a 50-day simple moving average of $13.58 and a 200 day simple moving average of $12.73. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.38 and a current ratio of 2.06. The stock has a market capitalization of $2.63 billion, a P/E ratio of 18.52, a PEG ratio of 4.12 and a beta of 0.49.

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

Institutional Trading of Compania Cervecerias Unidas

A number of large investors have recently added to or reduced their stakes in CCU. Wellington Management Group LLP raised its stake 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 buying an additional 526,665 shares during the period. Acadian Asset Management LLC lifted its holdings in shares of Compania Cervecerias Unidas by 130.1% during the 2nd quarter. Acadian Asset Management LLC now owns 487,149 shares of the company’s stock worth $6,285,000 after acquiring an additional 275,435 shares during the last quarter. Bank of America Corp DE increased its position in shares of Compania Cervecerias Unidas by 7.8% during the 3rd quarter. Bank of America Corp DE now owns 304,785 shares of the company’s stock valued at $3,694,000 after purchasing an additional 22,008 shares during the last quarter. Marshall Wace LLP raised its stake in shares of 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 stake in Compania Cervecerias Unidas by 172.2% in the second quarter. American Century Companies Inc. now owns 173,672 shares of the company’s stock worth $2,244,000 after purchasing an additional 109,867 shares during the last quarter. Hedge funds and other 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.