Compania Cervecerias Unidas (CCU) Upgraded to Hold by Zacks Investment Research
Compania Cervecerias Unidas (NYSE:CCU) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a report released on Tuesday.
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. “
A number of other equities research analysts have also issued reports on CCU. TheStreet lowered shares of Compania Cervecerias Unidas from a “buy” rating to a “hold” rating in a report on Tuesday, September 13th. JPMorgan Chase & Co. lowered shares of Compania Cervecerias Unidas from a “neutral” rating to an “underweight” rating in a report on Wednesday, October 5th. Finally, Citigroup Inc. lowered shares of Compania Cervecerias Unidas from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $25.50 to $24.50 in a report on Monday, August 29th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company. Compania Cervecerias Unidas presently has an average rating of “Hold” and an average target price of $24.88.
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Compania Cervecerias Unidas (NYSE:CCU) traded up 1.27% during mid-day trading on Tuesday, hitting $20.80. 260,675 shares of the stock traded hands. The stock has a 50-day moving average price of $20.38 and a 200-day moving average price of $21.91. The stock has a market cap of $3.84 billion, a P/E ratio of 23.32 and a beta of 0.67. Compania Cervecerias Unidas has a 12 month low of $18.78 and a 12 month high of $25.27.
Several large investors have recently made changes to their positions in CCU. Acadian Asset Management LLC raised its stake in shares of Compania Cervecerias Unidas by 1.2% in the second quarter. Acadian Asset Management LLC now owns 786,739 shares of the company’s stock worth $18,362,000 after buying an additional 9,420 shares during the last quarter. AXA raised its stake in shares of Compania Cervecerias Unidas by 3,075.0% in the first quarter. AXA now owns 12,700 shares of the company’s stock valued at $285,000 after buying an additional 12,300 shares in the last quarter. Vernier Capital Partners LP bought a new stake in shares of Compania Cervecerias Unidas during the first quarter valued at approximately $3,143,000. AMP Capital Investors Ltd bought a new stake in shares of Compania Cervecerias Unidas during the first quarter valued at approximately $983,000. Finally, JPMorgan Chase & Co. raised its stake in shares of Compania Cervecerias Unidas by 60.7% in the second quarter. JPMorgan Chase & Co. now owns 192,526 shares of the company’s stock valued at $4,493,000 after buying an additional 72,745 shares in the last quarter. Institutional investors and hedge funds own 15.00% of the company’s stock.
Compania Cervecerias Unidas Company Profile
Compania Cervecerias Unidas SA is a beverage company. The Company operates as a brewer, soft drinks producer, water and nectar producer, wine producer and pisco distributor. It also participates in the home and office delivery (HOD), rum and confectionery industries in Chile; in the beer, water and soft drinks industries in Uruguay, and in the soft drinks, water and nectar industries and beer distribution in Paraguay and Bolivia.
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