Wall Street Zen upgraded shares of Compania Cervecerias Unidas (NYSE:CCU – Free Report) from a hold rating to a strong-buy rating in a research report report published on Saturday morning.
CCU has been the topic of a number of other research reports. Zacks Research lowered Compania Cervecerias Unidas from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of Compania Cervecerias Unidas in a research report on Friday, March 27th. Finally, JPMorgan Chase & Co. upped their price target on Compania Cervecerias Unidas from $10.00 to $14.00 and gave the company an “underweight” rating in a research report on Monday, February 2nd. One equities research analyst has rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Compania Cervecerias Unidas has an average rating of “Strong Sell” and a consensus price target of $12.00.
Compania Cervecerias Unidas Stock Performance
Compania Cervecerias Unidas (NYSE:CCU – Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.08. Compania Cervecerias Unidas had a return on equity of 7.34% and a net margin of 4.14%.The company had revenue of $884.42 million during the quarter, compared to the consensus estimate of $839.83 million. On average, equities research analysts predict that Compania Cervecerias Unidas will post 0.75 earnings per share for the current year.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its stake in Compania Cervecerias Unidas by 4.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 183,897 shares of the company’s stock worth $2,087,000 after buying an additional 8,258 shares during the period. Stephens Inc. AR raised its stake in shares of Compania Cervecerias Unidas by 6.0% in the first quarter. Stephens Inc. AR now owns 27,134 shares of the company’s stock worth $308,000 after purchasing an additional 1,532 shares during the last quarter. DGS Capital Management LLC purchased a new stake in shares of Compania Cervecerias Unidas in the fourth quarter worth approximately $130,000. Empowered Funds LLC purchased a new stake in shares of Compania Cervecerias Unidas in the fourth quarter worth approximately $6,748,000. Finally, Guggenheim Capital LLC raised its stake in shares of Compania Cervecerias Unidas by 33.3% in the fourth quarter. Guggenheim Capital LLC now owns 23,549 shares of the company’s stock worth $300,000 after purchasing an additional 5,879 shares during the last quarter. 24.07% of the stock is owned by institutional investors and hedge funds.
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.
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