Zacks Research Upgrades Compania Cervecerias Unidas (NYSE:CCU) to “Hold”

Compania Cervecerias Unidas (NYSE:CCU) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

Other research analysts have also recently issued reports about the company. Weiss Ratings cut Compania Cervecerias Unidas from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, June 8th. Wall Street Zen cut Compania Cervecerias Unidas from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 6th. Two analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Compania Cervecerias Unidas has an average rating of “Reduce” and an average price target of $12.00.

Compania Cervecerias Unidas Stock Down 0.5%

NYSE:CCU opened at $11.73 on Monday. Compania Cervecerias Unidas has a 1 year low of $10.71 and a 1 year high of $15.36. The company has a current ratio of 2.04, a quick ratio of 1.46 and a debt-to-equity ratio of 0.63. The stock has a market cap of $2.17 billion, a price-to-earnings ratio of 17.25, a PEG ratio of 0.94 and a beta of 0.53. The stock has a 50-day moving average price of $11.68 and a two-hundred day moving average price of $12.65.

Compania Cervecerias Unidas (NYSE:CCU) last posted its earnings results on Wednesday, May 6th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $884.42 million during the quarter, compared to analysts’ expectations of $839.83 million. As a group, equities analysts expect that Compania Cervecerias Unidas will post 0.74 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Arax Advisory Partners boosted its position in shares of Compania Cervecerias Unidas by 917.9% during the fourth 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 boosted its position in shares of Compania Cervecerias Unidas by 69.1% during the fourth 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 boosted its position in shares of Compania Cervecerias Unidas by 1,252.7% during the second 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 boosted its position in shares of Compania Cervecerias Unidas by 140.6% during the first quarter. Rhumbline Advisers now owns 6,555 shares of the company’s stock worth $100,000 after buying an additional 3,831 shares during the period. Finally, Advisory Services Network LLC acquired a new position in Compania Cervecerias Unidas during the third quarter valued at approximately $91,000. 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.