Compania Cervecerias Unidas (NYSE:CCU) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen cut shares of Compania Cervecerias Unidas (NYSE:CCU) from a buy rating to a hold rating in a report published on Saturday.

A number of other brokerages have also recently issued reports on CCU. Weiss Ratings cut shares of Compania Cervecerias Unidas from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, June 8th. Zacks Research upgraded Compania Cervecerias Unidas from a “strong sell” rating to a “hold” rating in a research note on Monday, June 15th. Two analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $12.00.

Compania Cervecerias Unidas Trading Up 0.4%

NYSE:CCU opened at $11.99 on Friday. The company has a 50-day moving average price of $11.37 and a 200-day moving average price of $12.18. Compania Cervecerias Unidas has a 12 month low of $10.71 and a 12 month high of $15.36. The company has a current ratio of 1.84, a quick ratio of 1.46 and a debt-to-equity ratio of 0.71. The stock has a market cap of $2.22 billion, a price-to-earnings ratio of 19.35, a P/E/G ratio of 0.82 and a beta of 0.52.

Compania Cervecerias Unidas (NYSE:CCU) last announced its quarterly earnings results on Tuesday, August 4th. The company reported ($0.12) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.12). The company had revenue of $659.17 million for the quarter, compared to analysts’ expectations of $641.90 million. Compania Cervecerias Unidas had a net margin of 3.71% and a return on equity of 6.77%. Equities analysts predict that Compania Cervecerias Unidas will post 0.75 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CCU. Rhumbline Advisers increased its position in shares of Compania Cervecerias Unidas by 12.7% during the third quarter. Rhumbline Advisers now owns 7,277 shares of the company’s stock valued at $88,000 after acquiring an additional 822 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Compania Cervecerias Unidas by 1.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 54,843 shares of the company’s stock valued at $700,000 after acquiring an additional 984 shares in the last quarter. Parallel Advisors LLC lifted its position in Compania Cervecerias Unidas by 69.1% in the 4th quarter. Parallel Advisors LLC now owns 2,557 shares of the company’s stock valued at $33,000 after acquiring an additional 1,045 shares in the last quarter. GAMMA Investing LLC boosted its stake in Compania Cervecerias Unidas by 65.0% during the 2nd quarter. GAMMA Investing LLC now owns 3,857 shares of the company’s stock valued at $43,000 after purchasing an additional 1,520 shares during the last quarter. Finally, Stephens Inc. AR increased its holdings in shares of Compania Cervecerias Unidas by 6.0% in the 1st quarter. Stephens Inc. AR now owns 27,134 shares of the company’s stock worth $308,000 after purchasing an additional 1,532 shares in the last quarter. Institutional investors own 24.07% of the company’s stock.

About Compania Cervecerias Unidas

Compañía Cervecerías Unidas SA (NYSE: CCU) is a Chile-based beverages company with operations across Latin America. The company engages in the production, marketing and distribution of beer, soft drinks, wines, mineral water and other non-alcoholic beverages. Through a combination of owned brands and licensing agreements, CCU serves both domestic and export markets with a diversified portfolio designed to meet evolving consumer tastes.

In its beer segment, CCU produces flagship brands such as Cristal, Escudo and Royal Guard, while also brewing international labels under license, including Heineken in select markets.