Compania Cervecerias Unidas (NYSE:CCU) Upgraded to Hold by Zacks Investment Research

Share on StockTwits

Zacks Investment Research upgraded shares of Compania Cervecerias Unidas (NYSE:CCU) from a sell rating to a hold rating in a research note released on Monday, Zacks.com reports.

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. “

Shares of NYSE CCU opened at $27.59 on Monday. The stock has a market cap of $5.02 billion, a P/E ratio of 10.37 and a beta of 0.49. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.48 and a current ratio of 1.48. Compania Cervecerias Unidas has a 12-month low of $24.30 and a 12-month high of $29.48.

Compania Cervecerias Unidas (NYSE:CCU) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.39 earnings per share (EPS) for the quarter. The business had revenue of $714.33 million for the quarter. Compania Cervecerias Unidas had a net margin of 17.12% and a return on equity of 22.99%. On average, sell-side analysts forecast that Compania Cervecerias Unidas will post 1.35 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Mawer Investment Management Ltd. raised its holdings in Compania Cervecerias Unidas by 43.3% during the 1st quarter. Mawer Investment Management Ltd. now owns 1,654,592 shares of the company’s stock worth $48,744,000 after purchasing an additional 499,986 shares during the last quarter. FMR LLC increased its stake in Compania Cervecerias Unidas by 9.7% during the 1st quarter. FMR LLC now owns 1,070,669 shares of the company’s stock worth $31,542,000 after purchasing an additional 94,486 shares in the last quarter. Commonwealth Bank of Australia increased its stake in Compania Cervecerias Unidas by 6.7% during the 1st quarter. Commonwealth Bank of Australia now owns 1,043,082 shares of the company’s stock worth $29,932,000 after purchasing an additional 65,195 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new stake in Compania Cervecerias Unidas during the 4th quarter worth approximately $16,516,000. Finally, Dimensional Fund Advisors LP increased its stake in Compania Cervecerias Unidas by 0.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 632,115 shares of the company’s stock worth $15,888,000 after purchasing an additional 4,096 shares in the last quarter. Institutional investors and hedge funds own 17.27% of the company’s stock.

About Compania Cervecerias Unidas

Compañía Cervecerías Unidas SA operates as a beverage company principally in Chile, Argentina, Uruguay, Paraguay, Colombia, and Bolivia. The company operates through Chile, International Business, and Wine segments. It produces and sells alcoholic and non-alcoholic beer under proprietary and licensed brands, as well as distributes Pernod Ricard products in non-supermarket retail stores.

Read More: What is a Special Dividend?

Get a free copy of the Zacks research report on Compania Cervecerias Unidas (CCU)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Compania Cervecerias Unidas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Compania Cervecerias Unidas and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Barry Zwarenstein Sells 7,663 Shares of Five9 Inc  Stock
Barry Zwarenstein Sells 7,663 Shares of Five9 Inc Stock
Venture Fund Vii L.P. Arch Sells 63,000 Shares of Syros Pharmaceuticals Inc  Stock
Venture Fund Vii L.P. Arch Sells 63,000 Shares of Syros Pharmaceuticals Inc Stock
Insider Selling: Neogen Co.  Director Sells 5,000 Shares of Stock
Insider Selling: Neogen Co. Director Sells 5,000 Shares of Stock
Neogen Co.  Director Sells $314,650.00 in Stock
Neogen Co. Director Sells $314,650.00 in Stock
Insider Selling: Airgain Inc  CEO Sells 22,464 Shares of Stock
Insider Selling: Airgain Inc CEO Sells 22,464 Shares of Stock
Insider Selling: Bottomline Technologies  Insider Sells 9,925 Shares of Stock
Insider Selling: Bottomline Technologies Insider Sells 9,925 Shares of Stock


© 2006-2019 Ticker Report