Compania Cervecerias Unidas, S.A. (NYSE:CCU) Receives $12.00 Consensus PT from Brokerages

Compania Cervecerias Unidas, S.A. (NYSE:CCU) has been given a consensus rating of “Strong Sell” by the five brokerages that are currently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation and two have given a hold recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $12.00.

Several equities research analysts have recently commented on CCU shares. Zacks Research lowered Compania Cervecerias Unidas from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 1st. JPMorgan Chase & Co. upped their price objective on Compania Cervecerias Unidas from $10.00 to $14.00 and gave the stock an “underweight” rating in a research note on Monday, February 2nd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Compania Cervecerias Unidas in a research note on Friday, March 27th.

Institutional Investors Weigh In On Compania Cervecerias Unidas

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Capital Wealth Advisors purchased a new stake in Compania Cervecerias Unidas in the 4th quarter worth $882,000. Wellington Management Group LLP increased its stake in 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 worth $29,830,000 after buying an additional 526,665 shares in the last quarter. Empowered Funds LLC purchased a new stake in Compania Cervecerias Unidas in the 4th quarter worth $6,748,000. Dimensional Fund Advisors LP increased its stake in Compania Cervecerias Unidas by 1.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 173,537 shares of the company’s stock worth $2,103,000 after buying an additional 2,141 shares in the last quarter. Finally, Mariner LLC increased its stake in Compania Cervecerias Unidas by 14.5% in the 4th quarter. Mariner LLC now owns 61,325 shares of the company’s stock worth $783,000 after buying an additional 7,766 shares in the last quarter. 24.07% of the stock is currently owned by hedge funds and other institutional investors.

Compania Cervecerias Unidas Trading Down 1.7%

NYSE:CCU opened at $12.10 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.90 and a quick ratio of 1.34. The firm has a market capitalization of $2.23 billion, a price-to-earnings ratio of 18.06 and a beta of 0.56. Compania Cervecerias Unidas has a one year low of $10.71 and a one year high of $15.75. The business has a fifty day moving average price of $12.49 and a 200-day moving average price of $12.92.

Compania Cervecerias Unidas (NYSE:CCU) last posted its quarterly earnings data on Saturday, February 14th. The company reported $0.33 EPS for the quarter. The firm had revenue of $948.09 million during the quarter. Compania Cervecerias Unidas had a return on equity of 7.20% and a net margin of 4.03%. Sell-side analysts forecast that Compania Cervecerias Unidas will post 0.75 EPS for the current year.

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.