Compania Cervecerias Unidas, S.A. (NYSE:CCU) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued 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 research firms have also commented on CCU. BidaskClub lowered shares of Compania Cervecerias Unidas, from a “buy” rating to a “hold” rating in a research note on Tuesday, June 13th. J P Morgan Chase & Co upgraded shares of Compania Cervecerias Unidas, from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $21.00 to $25.00 in a research note on Wednesday, April 12th. One analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $25.17.

Compania Cervecerias Unidas, (NYSE CCU) traded up 0.84% during midday trading on Tuesday, reaching $26.26. 158,149 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $26.26 and its 200-day moving average price is $24.17. The company has a market capitalization of $4.85 billion, a PE ratio of 26.85 and a beta of 0.33. Compania Cervecerias Unidas, has a 1-year low of $19.31 and a 1-year high of $27.28.

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Hedge funds have recently modified their holdings of the stock. International Value Advisers LLC purchased a new stake in shares of Compania Cervecerias Unidas, during the first quarter valued at $16,774,000. Macquarie Group Ltd. increased its stake in shares of Compania Cervecerias Unidas, by 82.4% in the fourth quarter. Macquarie Group Ltd. now owns 885,329 shares of the company’s stock valued at $18,572,000 after buying an additional 399,990 shares during the last quarter. Henderson Group PLC increased its stake in shares of Compania Cervecerias Unidas, by 10.8% in the first quarter. Henderson Group PLC now owns 2,819,956 shares of the company’s stock valued at $71,272,000 after buying an additional 275,590 shares during the last quarter. First Eagle Investment Management LLC increased its stake in shares of Compania Cervecerias Unidas, by 4.4% in the first quarter. First Eagle Investment Management LLC now owns 6,390,711 shares of the company’s stock valued at $161,493,000 after buying an additional 268,886 shares during the last quarter. Finally, Karp Capital Management Corp purchased a new stake in shares of Compania Cervecerias Unidas, during the first quarter valued at $3,106,000. 12.94% of the stock is currently owned by institutional investors and hedge funds.

About Compania Cervecerias Unidas,

Compania Cervecerias Unidas SA is a diversified beverage company operating principally in Chile, Argentina, Bolivia, Colombia, Paraguay and Uruguay. The Company operates as a brewer, soft drinks producer, water and nectar producer, wine producer and pisco distributor. The Company’s segments include Chile, International Business and Wine.

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