Compania Cervecerias Unidas, S.A. $CCU Shares Sold by Discerene Group LP

Discerene Group LP decreased its stake in Compania Cervecerias Unidas, S.A. (NYSE:CCU) by 12.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,872,635 shares of the company’s stock after selling 260,710 shares during the period. Compania Cervecerias Unidas comprises about 2.2% of Discerene Group LP’s holdings, making the stock its 9th largest holding. Discerene Group LP’s holdings in Compania Cervecerias Unidas were worth $21,254,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in CCU. Goldman Sachs Group Inc. acquired a new position in shares of Compania Cervecerias Unidas during the first quarter worth $579,000. Jane Street Group LLC acquired a new stake in shares of Compania Cervecerias Unidas during the 1st quarter valued at $194,000. Rhumbline Advisers grew its position in Compania Cervecerias Unidas by 140.6% during the 1st quarter. Rhumbline Advisers now owns 6,555 shares of the company’s stock worth $100,000 after acquiring an additional 3,831 shares during the last quarter. American Century Companies Inc. grew its position in Compania Cervecerias Unidas by 172.2% during the 2nd quarter. American Century Companies Inc. now owns 173,672 shares of the company’s stock worth $2,244,000 after acquiring an additional 109,867 shares during the last quarter. Finally, Russell Investments Group Ltd. acquired a new position in Compania Cervecerias Unidas in the 2nd quarter worth about $164,000. Institutional investors and hedge funds own 24.07% of the company’s stock.

Compania Cervecerias Unidas Price Performance

Shares of NYSE:CCU opened at $11.48 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.46 and a current ratio of 2.04. Compania Cervecerias Unidas, S.A. has a 52 week low of $10.71 and a 52 week high of $15.36. The firm has a market cap of $2.12 billion, a PE ratio of 16.89, a price-to-earnings-growth ratio of 0.78 and a beta of 0.53. The firm’s fifty day moving average is $11.36 and its 200-day moving average is $12.32.

Compania Cervecerias Unidas (NYSE:CCU) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.08. The business had revenue of $884.42 million during the quarter, compared to the consensus estimate of $839.83 million. Compania Cervecerias Unidas had a return on equity of 7.34% and a net margin of 4.14%. Sell-side analysts predict that Compania Cervecerias Unidas, S.A. will post 0.75 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have commented on CCU. Zacks Research upgraded Compania Cervecerias Unidas from a “strong sell” rating to a “hold” rating in a research report on Monday, June 15th. Wall Street Zen cut Compania Cervecerias Unidas from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 6th. Finally, Weiss Ratings downgraded Compania Cervecerias Unidas from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, June 8th. Two equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $12.00.

Compania Cervecerias Unidas Company Profile

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.