StockNews.com lowered shares of Compañía Cervecerías Unidas (NYSE:CCU – Free Report) from a strong-buy rating to a buy rating in a research note published on Thursday.
Separately, Bank of America lowered Compañía Cervecerías Unidas from a neutral rating to an underperform rating and boosted their price objective for the company from $12.60 to $13.70 in a research note on Thursday, May 23rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Compañía Cervecerías Unidas has an average rating of Hold and a consensus target price of $14.21.
Check Out Our Latest Stock Report on Compañía Cervecerías Unidas
Compañía Cervecerías Unidas Stock Performance
Compañía Cervecerías Unidas (NYSE:CCU – Get Free Report) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.30 earnings per share (EPS) for the quarter. Compañía Cervecerías Unidas had a return on equity of 6.31% and a net margin of 3.61%. The company had revenue of $796.75 million for the quarter. During the same quarter in the previous year, the firm posted $0.38 earnings per share. Research analysts predict that Compañía Cervecerías Unidas will post 0.81 EPS for the current year.
Hedge Funds Weigh In On Compañía Cervecerías Unidas
A number of institutional investors have recently added to or reduced their stakes in the business. First Eagle Investment Management LLC increased its stake in Compañía Cervecerías Unidas by 3.2% in the 4th quarter. First Eagle Investment Management LLC now owns 15,588,512 shares of the company’s stock worth $195,480,000 after acquiring an additional 485,711 shares during the last quarter. Baillie Gifford & Co. increased its position in shares of Compañía Cervecerías Unidas by 124.3% during the 1st quarter. Baillie Gifford & Co. now owns 760,470 shares of the company’s stock valued at $9,118,000 after purchasing an additional 421,374 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Compañía Cervecerías Unidas by 3.9% during the 4th quarter. Wellington Management Group LLP now owns 530,075 shares of the company’s stock valued at $6,647,000 after purchasing an additional 19,881 shares during the last quarter. ABS Direct Equity Fund LLC bought a new position in shares of Compañía Cervecerías Unidas during the 4th quarter valued at about $1,232,000. Finally, Privium Fund Management UK Ltd bought a new position in shares of Compañía Cervecerías Unidas during the 4th quarter valued at about $952,000. 24.07% of the stock is currently owned by institutional investors.
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.
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