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

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 upgraded shares of Compania Cervecerias Unidas, from a “hold” rating to a “buy” rating in a research note on Saturday, August 19th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Compania Cervecerias Unidas, presently has a consensus rating of “Buy” and an average price target of $27.50.

Shares of Compania Cervecerias Unidas, (NYSE:CCU) traded down 1.20% during trading on Thursday, reaching $27.27. The company’s stock had a trading volume of 178,467 shares. Compania Cervecerias Unidas, has a 12-month low of $19.49 and a 12-month high of $28.22. The company has a 50 day moving average of $27.34 and a 200 day moving average of $26.39. The company has a market cap of $5.04 billion, a PE ratio of 25.53 and a beta of 0.30.

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Hedge funds have recently added to or reduced their stakes in the stock. Global X Management Co. LLC boosted its holdings in Compania Cervecerias Unidas, by 22.2% during the second quarter. Global X Management Co. LLC now owns 113,602 shares of the company’s stock worth $2,981,000 after buying an additional 20,650 shares in the last quarter. Mckinley Capital Management LLC Delaware purchased a new stake in shares of Compania Cervecerias Unidas, in the second quarter valued at about $4,751,000. Bank of Montreal Can lifted its holdings in shares of Compania Cervecerias Unidas, by 26,153.8% in the second quarter. Bank of Montreal Can now owns 34,130 shares of the company’s stock valued at $895,000 after purchasing an additional 34,000 shares in the last quarter. Marathon Asset Management LLP lifted its holdings in shares of Compania Cervecerias Unidas, by 13.0% in the second quarter. Marathon Asset Management LLP now owns 26,980 shares of the company’s stock valued at $708,000 after purchasing an additional 3,095 shares in the last quarter. Finally, First Eagle Investment Management LLC lifted its holdings in shares of Compania Cervecerias Unidas, by 4.3% in the second quarter. First Eagle Investment Management LLC now owns 6,662,451 shares of the company’s stock valued at $174,823,000 after purchasing an additional 271,740 shares in the last quarter. 14.10% of the stock is currently owned by hedge funds and other institutional investors.

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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