Compania Cervecerias Unidas, S.A. (NYSE:CCU) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Friday.

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. “

Separately, BidaskClub downgraded shares of Compania Cervecerias Unidas, from a “buy” rating to a “hold” rating in a research note on Tuesday, June 13th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $28.00.

Compania Cervecerias Unidas, (CCU) traded down 0.67% during trading on Friday, reaching $26.88. The company’s stock had a trading volume of 126,785 shares. Compania Cervecerias Unidas, has a 52 week low of $19.49 and a 52 week high of $28.22. The firm has a 50-day moving average price of $27.17 and a 200-day moving average price of $26.04. The firm has a market capitalization of $4.97 billion, a P/E ratio of 25.45 and a beta of 0.33.

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A number of institutional investors have recently bought and sold shares of the business. First Eagle Investment Management LLC increased its position in Compania Cervecerias Unidas, by 4.3% during the second quarter. First Eagle Investment Management LLC now owns 6,662,451 shares of the company’s stock worth $174,823,000 after buying an additional 271,740 shares during the last quarter. Janus Henderson Group PLC increased its position in Compania Cervecerias Unidas, by 41.3% during the second quarter. Janus Henderson Group PLC now owns 3,985,882 shares of the company’s stock worth $104,712,000 after buying an additional 1,165,926 shares during the last quarter. Acadian Asset Management LLC increased its position in Compania Cervecerias Unidas, by 64.4% during the second quarter. Acadian Asset Management LLC now owns 893,359 shares of the company’s stock worth $23,443,000 after buying an additional 349,839 shares during the last quarter. International Value Advisers LLC acquired a new position in Compania Cervecerias Unidas, during the first quarter worth $16,774,000. Finally, Dimensional Fund Advisors LP increased its position in Compania Cervecerias Unidas, by 5.5% during the second quarter. Dimensional Fund Advisors LP now owns 376,875 shares of the company’s stock worth $9,894,000 after buying an additional 19,484 shares during the last quarter. 14.10% of the stock is currently owned by hedge funds and other institutional investors.

Compania Cervecerias Unidas, Company Profile

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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