Compania Cervecerias Unidas (NYSE:CCU) Stock Rating Lowered by Wall Street Zen

Compania Cervecerias Unidas (NYSE:CCU) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

Several other equities research analysts have also recently commented on the stock. Zacks Research raised shares of Compania Cervecerias Unidas from a “strong sell” rating to a “hold” rating in a research report on Monday, June 15th. Weiss Ratings cut Compania Cervecerias Unidas from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, June 8th. Two research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Compania Cervecerias Unidas presently has a consensus rating of “Reduce” and an average target price of $12.00.

Compania Cervecerias Unidas Price Performance

NYSE CCU opened at $11.99 on Friday. The firm’s 50 day moving average is $11.37 and its 200-day moving average is $12.16. The company has a quick ratio of 1.17, a current ratio of 1.84 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $2.22 billion, a PE ratio of 19.35, a price-to-earnings-growth ratio of 0.82 and a beta of 0.52. Compania Cervecerias Unidas has a 12-month low of $10.71 and a 12-month high of $15.36.

Compania Cervecerias Unidas (NYSE:CCU) last announced its earnings results on Tuesday, August 4th. The company reported ($0.12) EPS for the quarter, hitting the consensus estimate of ($0.12). The business had revenue of $659.17 million during 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 research analysts anticipate that Compania Cervecerias Unidas will post 0.75 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Compania Cervecerias Unidas

Several large investors have recently modified their holdings of the stock. Rhumbline Advisers grew its position in shares of Compania Cervecerias Unidas by 12.7% in the third quarter. Rhumbline Advisers now owns 7,277 shares of the company’s stock valued at $88,000 after purchasing an additional 822 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Compania Cervecerias Unidas by 1.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 54,843 shares of the company’s stock worth $700,000 after purchasing an additional 984 shares during the last quarter. Parallel Advisors LLC lifted its holdings in Compania Cervecerias Unidas by 69.1% during the 4th quarter. Parallel Advisors LLC now owns 2,557 shares of the company’s stock worth $33,000 after purchasing an additional 1,045 shares during the last quarter. GAMMA Investing LLC boosted its stake in Compania Cervecerias Unidas by 65.0% in 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 period. Finally, Stephens Inc. AR grew its holdings in Compania Cervecerias Unidas by 6.0% in the 1st quarter. Stephens Inc. AR now owns 27,134 shares of the company’s stock valued at $308,000 after buying an additional 1,532 shares in the last quarter. 24.07% of the stock is owned by institutional investors.

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.