Compania Cervecerias Unidas (NYSE:CCU) Price Target Cut to $13.00 by Analysts at JPMorgan Chase & Co.

Compania Cervecerias Unidas (NYSE:CCU) had its price target dropped by stock analysts at JPMorgan Chase & Co. from $14.00 to $13.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 9.84% from the stock’s previous close.

Other research analysts also recently issued reports about the company. Weiss Ratings downgraded Compania Cervecerias Unidas from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. Wall Street Zen cut Compania Cervecerias Unidas from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, Zacks Research raised shares of Compania Cervecerias Unidas from a “strong sell” rating to a “hold” rating in a report on Monday, June 15th. One investment analyst has rated the stock with a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Compania Cervecerias Unidas presently has an average rating of “Strong Sell” and an average target price of $11.50.

Compania Cervecerias Unidas Stock Performance

Shares of NYSE:CCU traded down $0.23 during midday trading on Monday, hitting $11.84. The company’s stock had a trading volume of 6,246 shares, compared to its average volume of 183,158. The stock has a market capitalization of $2.19 billion, a price-to-earnings ratio of 19.13, a PEG ratio of 1.11 and a beta of 0.52. The stock’s 50 day simple moving average is $11.58 and its 200 day simple moving average is $11.88. Compania Cervecerias Unidas has a fifty-two week low of $10.71 and a fifty-two week high of $15.36. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.17 and a current ratio of 1.84.

Compania Cervecerias Unidas (NYSE:CCU) last posted its quarterly earnings data on Wednesday, August 5th. The company reported ($0.12) EPS for the quarter, hitting analysts’ consensus estimates of ($0.12). Compania Cervecerias Unidas had a return on equity of 6.77% and a net margin of 3.71%.The business had revenue of $659.17 million for the quarter, compared to analyst estimates of $641.90 million. As a group, research analysts anticipate that Compania Cervecerias Unidas will post 0.75 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Wellington Management Group LLP grew its holdings in shares of Compania Cervecerias Unidas by 27.2% in the 3rd quarter. Wellington Management Group LLP now owns 2,461,212 shares of the company’s stock worth $29,830,000 after purchasing an additional 526,665 shares during the last quarter. Empowered Funds LLC acquired a new stake in shares of Compania Cervecerias Unidas during the 4th quarter worth about $6,748,000. Bank of America Corp DE lifted its holdings in Compania Cervecerias Unidas by 5.4% during the 1st quarter. Bank of America Corp DE now owns 329,197 shares of the company’s stock valued at $3,736,000 after purchasing an additional 16,834 shares during the last quarter. Marshall Wace LLP lifted its holdings in Compania Cervecerias Unidas by 83.8% during the 2nd quarter. Marshall Wace LLP now owns 255,380 shares of the company’s stock valued at $3,300,000 after purchasing an additional 116,418 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Compania Cervecerias Unidas by 4.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 183,897 shares of the company’s stock valued at $2,087,000 after purchasing an additional 8,258 shares during the last quarter. 24.07% of the stock is owned by institutional investors.

About Compania Cervecerias Unidas

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.