ValuEngine lowered shares of Compania Cervecerias Unidas (NYSE:CCU) from a buy rating to a hold rating in a research note published on Wednesday morning.

Shares of NYSE CCU traded down $0.49 during mid-day trading on Wednesday, reaching $25.90. 3,433 shares of the company traded hands, compared to its average volume of 180,996. Compania Cervecerias Unidas has a fifty-two week low of $24.37 and a fifty-two week high of $30.35. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.45 and a quick ratio of 1.45. The firm has a market capitalization of $5.15 billion, a PE ratio of 23.47 and a beta of 0.38.

Compania Cervecerias Unidas (NYSE:CCU) last posted its quarterly earnings data on Wednesday, August 8th. The company reported $1.44 EPS for the quarter. Compania Cervecerias Unidas had a net margin of 17.04% and a return on equity of 24.33%. The business had revenue of $595.47 million for the quarter. Sell-side analysts anticipate that Compania Cervecerias Unidas will post 0.99 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Janus Henderson Group PLC increased its stake in shares of Compania Cervecerias Unidas by 2.1% during the second quarter. Janus Henderson Group PLC now owns 5,170,602 shares of the company’s stock valued at $128,979,000 after acquiring an additional 108,456 shares during the period. Commonwealth Bank of Australia grew its position in Compania Cervecerias Unidas by 1.6% in the second quarter. Commonwealth Bank of Australia now owns 1,120,191 shares of the company’s stock worth $27,934,000 after buying an additional 18,031 shares during the last quarter. Mawer Investment Management Ltd. grew its position in Compania Cervecerias Unidas by 1,829.3% in the second quarter. Mawer Investment Management Ltd. now owns 964,644 shares of the company’s stock worth $24,058,000 after buying an additional 914,644 shares during the last quarter. Millennium Management LLC grew its position in Compania Cervecerias Unidas by 33.2% in the second quarter. Millennium Management LLC now owns 641,510 shares of the company’s stock worth $15,999,000 after buying an additional 159,884 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Compania Cervecerias Unidas by 4.9% in the second quarter. Dimensional Fund Advisors LP now owns 515,899 shares of the company’s stock worth $12,860,000 after buying an additional 23,960 shares during the last quarter. Institutional investors and hedge funds own 13.96% 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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