Compañía Cervecerías Unidas (NYSE:CCU) Rating Increased to Buy at StockNews.com

Compañía Cervecerías Unidas (NYSE:CCU) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Tuesday.

Other research analysts have also recently issued reports about the stock. JPMorgan Chase & Co. cut shares of Compañía Cervecerías Unidas from an “overweight” rating to an “underweight” rating and decreased their price objective for the stock from $21.00 to $10.00 in a research report on Thursday, August 8th. Bank of America lowered shares of Compañía Cervecerías Unidas from a “neutral” rating to an “underperform” rating and increased their price target for the stock from $12.60 to $13.70 in a report on Thursday, May 23rd. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Compañía Cervecerías Unidas currently has an average rating of “Hold” and a consensus price target of $13.36.

Compañía Cervecerías Unidas Price Performance

NYSE:CCU opened at $11.67 on Tuesday. Compañía Cervecerías Unidas has a 52-week low of $10.00 and a 52-week high of $15.55. The stock has a fifty day moving average of $11.45 and a 200 day moving average of $11.92. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.81 and a current ratio of 2.48. The firm has a market capitalization of $2.16 billion, a price-to-earnings ratio of 20.12, a P/E/G ratio of 0.60 and a beta of 0.90.

Institutional Trading of Compañía Cervecerías Unidas

Several hedge funds and other institutional investors have recently bought and sold shares of CCU. First Eagle Investment Management LLC lifted its holdings in shares of Compañía Cervecerías Unidas by 1.2% in the 2nd quarter. First Eagle Investment Management LLC now owns 15,741,885 shares of the company’s stock worth $179,143,000 after acquiring an additional 184,970 shares during the last quarter. Baillie Gifford & Co. raised its position in Compañía Cervecerías Unidas by 124.3% in the 1st quarter. Baillie Gifford & Co. now owns 760,470 shares of the company’s stock worth $9,118,000 after purchasing an additional 421,374 shares during the period. Wellington Management Group LLP lifted its stake in Compañía Cervecerías Unidas by 3.9% in the fourth quarter. Wellington Management Group LLP now owns 530,075 shares of the company’s stock worth $6,647,000 after purchasing an additional 19,881 shares during the last quarter. Ninety One UK Ltd purchased a new stake in Compañía Cervecerías Unidas during the second quarter valued at about $2,121,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of Compañía Cervecerías Unidas by 82.0% during the second quarter. Dimensional Fund Advisors LP now owns 166,734 shares of the company’s stock valued at $1,897,000 after buying an additional 75,147 shares during the last quarter. Hedge funds and other institutional investors own 24.07% of the company’s stock.

About Compañía Cervecerías Unidas

Compañía Cervecerías Unidas SA operates as a beverage company in Chile, Argentina, Bolivia, Colombia, Paraguay, and Uruguay. The company operates through three segments: Chile, International Business, and Wine. 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.