Zacks Research Upgrades Compania Cervecerias Unidas (NYSE:CCU) to “Hold”

Compania Cervecerias Unidas (NYSE:CCU) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

A number of other research firms also recently weighed in on CCU. Weiss Ratings downgraded Compania Cervecerias Unidas from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, June 8th. Wall Street Zen cut Compania Cervecerias Unidas from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 6th. Two investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Compania Cervecerias Unidas presently has a consensus rating of “Reduce” and a consensus target price of $12.00.

Compania Cervecerias Unidas Stock Performance

Compania Cervecerias Unidas stock opened at $11.73 on Monday. The company has a market cap of $2.17 billion, a PE ratio of 17.25, a PEG ratio of 0.94 and a beta of 0.53. The company has a current ratio of 2.04, a quick ratio of 1.46 and a debt-to-equity ratio of 0.63. Compania Cervecerias Unidas has a 1 year low of $10.71 and a 1 year high of $15.36. The company’s 50-day moving average is $11.68 and its two-hundred day moving average is $12.65.

Compania Cervecerias Unidas (NYSE:CCU) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.25 by $0.08. Compania Cervecerias Unidas had a net margin of 4.14% and a return on equity of 7.34%. The company had revenue of $884.42 million during the quarter, compared to analysts’ expectations of $839.83 million. Equities analysts anticipate that Compania Cervecerias Unidas will post 0.74 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Empowered Funds LLC bought a new position in Compania Cervecerias Unidas during the fourth quarter worth about $6,748,000. Wellington Management Group LLP increased its holdings 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 worth $29,830,000 after acquiring an additional 526,665 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Compania Cervecerias Unidas by 386.6% during the second quarter. Arrowstreet Capital Limited Partnership now owns 166,244 shares of the company’s stock worth $2,148,000 after purchasing an additional 132,083 shares during the period. Marshall Wace LLP raised its position 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 purchasing an additional 116,418 shares during the period. Finally, American Century Companies Inc. lifted 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 valued at $2,244,000 after purchasing an additional 109,867 shares in the last quarter. Institutional investors and hedge funds 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.