JPMorgan Chase & Co. Cuts Compania Cervecerias Unidas (NYSE:CCU) Price Target to $13.00

Compania Cervecerias Unidas (NYSE:CCU) had its price objective trimmed by JPMorgan Chase & Co. from $14.00 to $13.00 in a research note published on Monday morning,Benzinga reports. The firm currently has an underweight rating on the stock.

A number of other research analysts have also recently weighed in on CCU. Weiss Ratings cut shares of Compania Cervecerias Unidas from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. Zacks Research upgraded shares of Compania Cervecerias Unidas from a “strong sell” rating to a “hold” rating in a report on Monday, June 15th. Finally, Wall Street Zen cut shares of Compania Cervecerias Unidas from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. One research analyst has rated the stock with a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Compania Cervecerias Unidas currently has an average rating of “Strong Sell” and a consensus target price of $11.50.

Compania Cervecerias Unidas Price Performance

Shares of Compania Cervecerias Unidas stock opened at $11.71 on Monday. The stock has a market cap of $2.16 billion, a price-to-earnings ratio of 18.89, a price-to-earnings-growth ratio of 1.07 and a beta of 0.53. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.17 and a current ratio of 1.84. The stock has a 50 day moving average price of $11.59 and a 200-day moving average price of $11.82. Compania Cervecerias Unidas has a one year low of $10.71 and a one year high of $15.36.

Compania Cervecerias Unidas (NYSE:CCU) last released its quarterly earnings results on Wednesday, August 5th. The company reported ($0.12) earnings per share for the quarter, meeting the consensus estimate of ($0.12). The company had revenue of $659.17 million for the quarter, compared to analyst estimates of $641.90 million. Compania Cervecerias Unidas had a return on equity of 6.77% and a net margin of 3.71%. Equities analysts expect that Compania Cervecerias Unidas will post 0.73 EPS for the current year.

Institutional Investors Weigh In On Compania Cervecerias Unidas

A number of institutional investors and hedge funds have recently modified their holdings of the business. Empowered Funds LLC bought a new position in Compania Cervecerias Unidas in the 4th quarter valued at $6,748,000. Wellington Management Group LLP lifted its position in shares of Compania Cervecerias Unidas by 27.2% during the third quarter. Wellington Management Group LLP now owns 2,461,212 shares of the company’s stock worth $29,830,000 after purchasing an additional 526,665 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Compania Cervecerias Unidas by 386.6% during the second quarter. Arrowstreet Capital Limited Partnership now owns 166,244 shares of the company’s stock valued at $2,148,000 after purchasing an additional 132,083 shares during the period. Marshall Wace LLP boosted its stake in shares of Compania Cervecerias Unidas by 83.8% during the second quarter. Marshall Wace LLP now owns 255,380 shares of the company’s stock valued at $3,300,000 after purchasing an additional 116,418 shares during the period. Finally, American Century Companies Inc. boosted its stake in shares of Compania Cervecerias Unidas by 172.2% during the second quarter. American Century Companies Inc. now owns 173,672 shares of the company’s stock valued at $2,244,000 after purchasing an additional 109,867 shares during the period. 24.07% of the stock is owned by institutional investors.

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.