Discerene Group LP Has $29.78 Million Holdings in Compania Cervecerias Unidas, S.A. $CCU

Discerene Group LP reduced its stake in shares of Compania Cervecerias Unidas, S.A. (NYSE:CCU) by 2.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,457,278 shares of the company’s stock after selling 59,879 shares during the period. Compania Cervecerias Unidas makes up approximately 2.5% of Discerene Group LP’s holdings, making the stock its 9th biggest holding. Discerene Group LP owned 1.33% of Compania Cervecerias Unidas worth $29,782,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Goldman Sachs Group Inc. acquired a new position in shares of Compania Cervecerias Unidas in the first quarter valued at approximately $579,000. Jane Street Group LLC acquired a new stake in shares of Compania Cervecerias Unidas during the first quarter worth $194,000. Rhumbline Advisers lifted its position in Compania Cervecerias Unidas by 140.6% in the 1st quarter. Rhumbline Advisers now owns 6,555 shares of the company’s stock valued at $100,000 after acquiring an additional 3,831 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in Compania Cervecerias Unidas by 6.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 78,043 shares of the company’s stock valued at $1,008,000 after acquiring an additional 5,017 shares in the last quarter. Finally, Savant Capital LLC acquired a new position in Compania Cervecerias Unidas in the 2nd quarter worth $165,000. Institutional investors own 24.07% of the company’s stock.

Analysts Set New Price Targets

CCU has been the subject of a number of research reports. JPMorgan Chase & Co. increased their target price on Compania Cervecerias Unidas from $10.00 to $14.00 and gave the stock an “underweight” rating in a report on Monday, February 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Compania Cervecerias Unidas in a report on Monday, December 29th. Finally, Zacks Research raised Compania Cervecerias Unidas from a “strong sell” rating to a “hold” rating in a research report on Monday, February 2nd. Three research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $12.00.

Compania Cervecerias Unidas Stock Performance

CCU opened at $11.76 on Friday. The business’s 50-day simple moving average is $13.95 and its 200 day simple moving average is $12.98. Compania Cervecerias Unidas, S.A. has a 52-week low of $11.35 and a 52-week high of $15.75. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.38 and a current ratio of 1.90. The firm has a market capitalization of $2.17 billion, a PE ratio of 17.55, a PEG ratio of 3.46 and a beta of 0.50.

Compania Cervecerias Unidas (NYSE:CCU) last posted its quarterly earnings results on Friday, February 27th. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.09). Compania Cervecerias Unidas had a net margin of 4.03% and a return on equity of 7.20%. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $904.78 million. As a group, sell-side analysts expect that Compania Cervecerias Unidas, S.A. will post 0.68 earnings per share for the current fiscal year.

Compania Cervecerias Unidas Company Profile

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.