Compania Cervecerias Unidas (NYSE:CCU) Hits New 12-Month Low – Here’s What Happened

Compania Cervecerias Unidas, S.A. (NYSE:CCU)’s share price reached a new 52-week low during trading on Wednesday . The company traded as low as $10.95 and last traded at $11.1350, with a volume of 300855 shares traded. The stock had previously closed at $11.25.

Wall Street Analyst Weigh In

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

Compania Cervecerias Unidas Stock Performance

The company has a 50-day simple moving average of $13.54 and a two-hundred day simple moving average of $12.94. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.34 and a current ratio of 1.90. The firm has a market capitalization of $2.06 billion, a P/E ratio of 16.62, a PEG ratio of 3.24 and a beta of 0.50.

Compania Cervecerias Unidas (NYSE:CCU) last released its 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 return on equity of 7.20% and a net margin of 4.03%.The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $904.78 million. As a group, equities analysts forecast that Compania Cervecerias Unidas, S.A. will post 0.68 EPS for the current year.

Hedge Funds Weigh In On Compania Cervecerias Unidas

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Empowered Funds LLC bought a new stake in Compania Cervecerias Unidas during the fourth quarter valued at about $6,748,000. Wellington Management Group LLP lifted its position in shares of Compania Cervecerias Unidas by 27.2% during the 3rd 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 in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Compania Cervecerias Unidas by 386.6% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 166,244 shares of the company’s stock valued at $2,148,000 after acquiring an additional 132,083 shares during the period. Marshall Wace LLP increased its holdings in Compania Cervecerias Unidas by 83.8% in the 2nd 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. increased its holdings in Compania Cervecerias Unidas by 172.2% in the 2nd quarter. American Century Companies Inc. now owns 173,672 shares of the company’s stock worth $2,244,000 after acquiring an additional 109,867 shares in the last quarter. Hedge funds and other institutional investors own 24.07% of the company’s stock.

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.