HSBC reaffirmed their reduce rating on shares of Compania Cervecerias Unidas (NYSE:CCU – Free Report) in a research note released on Monday morning, MarketBeat.com reports. They currently have a $10.00 target price on the stock, down from their previous target price of $15.00.
Several other equities research analysts have also commented on the company. Weiss Ratings lowered Compania Cervecerias Unidas from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. Wall Street Zen downgraded Compania Cervecerias Unidas from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Zacks Research raised Compania Cervecerias Unidas from a “strong sell” rating to a “hold” rating in a research note on Monday, June 15th. Finally, JPMorgan Chase & Co. cut their price target on Compania Cervecerias Unidas from $14.00 to $13.00 and set an “underweight” rating on the stock in a report on Monday, August 31st. One equities research analyst has rated the stock with a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Strong Sell” and a consensus price target of $11.50.
View Our Latest Research Report on Compania Cervecerias Unidas
Compania Cervecerias Unidas Trading Down 0.5%
Compania Cervecerias Unidas (NYSE:CCU – Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported ($0.12) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.12). Compania Cervecerias Unidas had a net margin of 3.71% and a return on equity of 6.77%. The business had revenue of $659.17 million during the quarter, compared to the consensus estimate of $641.90 million. Equities analysts expect that Compania Cervecerias Unidas will post 0.69 earnings per share for the current year.
Institutional Trading of Compania Cervecerias Unidas
Several large investors have recently made changes to their positions in CCU. Bank of America Corp DE increased its position in Compania Cervecerias Unidas by 5.4% in the 1st quarter. Bank of America Corp DE now owns 329,197 shares of the company’s stock valued at $3,736,000 after buying an additional 16,834 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Compania Cervecerias Unidas by 4.7% in the first quarter. Dimensional Fund Advisors LP now owns 183,897 shares of the company’s stock worth $2,087,000 after acquiring an additional 8,258 shares in the last quarter. Royal Bank of Canada grew its stake in Compania Cervecerias Unidas by 7.1% in the first quarter. Royal Bank of Canada now owns 70,005 shares of the company’s stock valued at $795,000 after acquiring an additional 4,616 shares during the period. Stephens Inc. AR grew its stake in Compania Cervecerias Unidas by 6.0% in the first quarter. Stephens Inc. AR now owns 27,134 shares of the company’s stock valued at $308,000 after acquiring an additional 1,532 shares during the period. Finally, Engineers Gate Manager LP bought a new stake in shares of Compania Cervecerias Unidas during the second quarter valued at approximately $169,000. 24.07% of the stock is currently owned by institutional investors and hedge funds.
About Compania Cervecerias Unidas
Compañía Cervecerías Unidas SA (CCU) is a Chile-based beverage company founded in 1902. The company produces, markets and distributes a broad portfolio of alcoholic and non-alcoholic beverages, with beer representing one of its core businesses.
CCU’s products include beers, soft drinks, bottled water, juices, sports and energy drinks, wines, spirits and pisco. Its beer portfolio includes brands such as Cristal, Escudo and Kunstmann in Chile, along with brands sold in Argentina and other markets.
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