Compania Cervecerias Unidas, S.A. (CCU) Cut to Hold at Zacks Investment Research
Zacks Investment Research cut shares of Compania Cervecerias Unidas, S.A. (NYSE:CCU) from a buy rating to a hold rating in a research report sent to investors on Friday.
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 raised Compania Cervecerias Unidas, from a hold rating to a buy rating in a research note on Saturday, August 19th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $26.17.
Shares of Compania Cervecerias Unidas, (NYSE CCU) opened at 27.63 on Friday. Compania Cervecerias Unidas, has a 52 week low of $19.31 and a 52 week high of $28.22. The stock has a 50 day moving average price of $26.74 and a 200-day moving average price of $25.64. The firm has a market capitalization of $5.10 billion, a price-to-earnings ratio of 27.04 and a beta of 0.33.
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A number of large investors have recently modified their holdings of the company. First Eagle Investment Management LLC raised its stake in shares of 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 buying an additional 271,740 shares during the period. Janus Henderson Group PLC raised its stake 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 worth $104,712,000 after buying an additional 1,165,926 shares during the period. Henderson Group PLC raised its stake in Compania Cervecerias Unidas, by 10.8% in the first quarter. Henderson Group PLC now owns 2,819,956 shares of the company’s stock worth $71,272,000 after buying an additional 275,590 shares during the period. Acadian Asset Management LLC raised its stake 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 worth $23,443,000 after buying an additional 349,839 shares during the period. Finally, International Value Advisers LLC bought a new stake in Compania Cervecerias Unidas, during the first quarter worth $16,774,000. 14.10% of the stock is owned by hedge funds and other institutional investors.
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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