Compania Cervecerias Unidas (NYSE:CCU) Lifted to Hold at Zacks Investment Research

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Zacks Investment Research upgraded shares of Compania Cervecerias Unidas (NYSE:CCU) from a sell rating to a hold rating in a research note released on Monday morning, Zacks.com reports.

According to Zacks, “Compañía Cervecerías Unidas S. A. (CCU) has successfully positioned itself as a Chilean multinational beverage company, with diversified businesses and operations focused on the Southern Cone of South America. CCU is active in the beer industry in Chile, where it operates the country’s leading brewery, and in Argentina, where it holds third place in the market. In the non-alcoholic beverages sector, it is Chile’s second-largest bottler of carbonated beverages and the leader in the mineral water market. It has winemaking operations in Argentina and in Chile. “

Shares of CCU traded up $0.48 during mid-day trading on Monday, hitting $29.30. 156,276 shares of the company were exchanged, compared to its average volume of 205,957. Compania Cervecerias Unidas has a 1-year low of $24.30 and a 1-year high of $29.48. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.17. The firm’s 50 day simple moving average is $27.46. The stock has a market cap of $5.25 billion, a PE ratio of 10.97 and a beta of 0.50.

Compania Cervecerias Unidas (NYSE:CCU) last released its quarterly earnings results on Wednesday, May 8th. The company reported $0.39 earnings per share for the quarter. Compania Cervecerias Unidas had a net margin of 17.12% and a return on equity of 22.99%. The firm had revenue of $714.33 million during the quarter. On average, equities research analysts expect that Compania Cervecerias Unidas will post 1.35 EPS for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its holdings in Compania Cervecerias Unidas by 7.3% in the fourth quarter. BlackRock Inc. now owns 280,105 shares of the company’s stock valued at $7,039,000 after purchasing an additional 19,062 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Compania Cervecerias Unidas by 20.1% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 31,725 shares of the company’s stock valued at $797,000 after purchasing an additional 5,300 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Compania Cervecerias Unidas by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 632,115 shares of the company’s stock valued at $15,888,000 after purchasing an additional 4,096 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Compania Cervecerias Unidas by 130.0% in the fourth quarter. Geode Capital Management LLC now owns 30,543 shares of the company’s stock valued at $767,000 after purchasing an additional 17,263 shares during the last quarter. Finally, Stone Ridge Asset Management LLC purchased a new stake in Compania Cervecerias Unidas in the fourth quarter valued at $329,000. Hedge funds and other institutional investors own 17.27% of the company’s stock.

About Compania Cervecerias Unidas

Compañía Cervecerías Unidas SA operates as a beverage company principally in Chile, Argentina, Uruguay, Paraguay, Colombia, and Bolivia. The company operates through Chile, International Business, and Wine segments. It produces and sells alcoholic and non-alcoholic beer under proprietary and licensed brands, as well as distributes Pernod Ricard products in non-supermarket retail stores.

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