Compania Cervecerias Unidas, S.A. (NYSE:CCU) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.

According to Zacks, “Compañía Cervecerías Unidas S. A. (CCU) has successfully positioned itself as a Chilean multinational beverage company, with diversified businesses and operations focused on the Southern Cone of South America. CCU is active in the beer industry in Chile, where it operates the country’s leading brewery, and in Argentina, where it holds third place in the market. In the non-alcoholic beverages sector, it is Chile’s second-largest bottler of carbonated beverages and the leader in the mineral water market. It has winemaking operations in Argentina and in Chile. “

Separately, BidaskClub upgraded Compania Cervecerias Unidas, from a “hold” rating to a “buy” rating in a research report on Saturday, August 19th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $27.50.

Compania Cervecerias Unidas, (CCU) opened at 26.74 on Thursday. The firm has a market cap of $4.94 billion, a P/E ratio of 25.04 and a beta of 0.30. Compania Cervecerias Unidas, has a one year low of $19.49 and a one year high of $28.22. The stock’s 50 day moving average is $27.29 and its 200 day moving average is $26.41.

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A number of large investors have recently made changes to their positions in CCU. Janus Henderson Group PLC grew its position in Compania Cervecerias Unidas, by 41.3% in the second quarter. Janus Henderson Group PLC now owns 3,985,882 shares of the company’s stock valued at $104,712,000 after acquiring an additional 1,165,926 shares during the period. Acadian Asset Management LLC grew its position in Compania Cervecerias Unidas, by 64.4% in the second quarter. Acadian Asset Management LLC now owns 893,359 shares of the company’s stock valued at $23,443,000 after acquiring an additional 349,839 shares during the period. Ameriprise Financial Inc. bought a new stake in Compania Cervecerias Unidas, in the second quarter valued at $7,975,000. First Eagle Investment Management LLC grew its position in Compania Cervecerias Unidas, by 4.3% in the second quarter. First Eagle Investment Management LLC now owns 6,662,451 shares of the company’s stock valued at $174,823,000 after acquiring an additional 271,740 shares during the period. Finally, Mckinley Capital Management LLC Delaware bought a new stake in Compania Cervecerias Unidas, in the second quarter valued at $4,751,000. Hedge funds and other institutional investors own 14.10% of the company’s stock.

About Compania Cervecerias Unidas,

Compania Cervecerias Unidas SA is a diversified beverage company operating principally in Chile, Argentina, Bolivia, Colombia, Paraguay and Uruguay. The Company operates as a brewer, soft drinks producer, water and nectar producer, wine producer and pisco distributor. The Company’s segments include Chile, International Business and Wine.

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