Zacks Research upgraded shares of Compania Cervecerias Unidas (NYSE:CCU – Free Report) from a strong sell rating to a hold rating in a research note released on Monday morning,Zacks.com reports.
Several other research firms also recently weighed in on CCU. Weiss Ratings downgraded Compania Cervecerias Unidas from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, June 8th. Wall Street Zen lowered shares of Compania Cervecerias Unidas from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 6th. Two research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $12.00.
Get Our Latest Analysis on Compania Cervecerias Unidas
Compania Cervecerias Unidas Trading Down 0.5%
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 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 for the quarter, compared to the consensus estimate of $839.83 million. Equities analysts anticipate that Compania Cervecerias Unidas will post 0.74 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the business. Arax Advisory Partners lifted its holdings in Compania Cervecerias Unidas by 917.9% during the 4th quarter. Arax Advisory Partners now owns 2,270 shares of the company’s stock worth $29,000 after buying an additional 2,047 shares during the period. 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 buying an additional 1,045 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Compania Cervecerias Unidas by 1,252.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,233 shares of the company’s stock worth $42,000 after buying an additional 2,994 shares during the period. Rhumbline Advisers lifted its holdings in Compania Cervecerias Unidas by 12.7% during the 3rd quarter. Rhumbline Advisers now owns 7,277 shares of the company’s stock worth $88,000 after buying an additional 822 shares during the period. Finally, Advisory Services Network LLC acquired a new position in Compania Cervecerias Unidas during the 3rd quarter worth about $91,000. Institutional investors own 24.07% of the company’s stock.
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.
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