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

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 morning, 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 CCU traded up $0.48 during mid-day trading on Monday, hitting $29.30. 156,276 shares of the company were exchanged, compared to its average volume of 205,957. The stock has a market cap of $5.25 billion, a PE ratio of 10.97 and a beta of 0.50. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.17. Compania Cervecerias Unidas has a 1-year low of $24.30 and a 1-year high of $29.48. The firm’s 50 day simple moving average is $27.46.

Compania Cervecerias Unidas (NYSE:CCU) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.39 EPS for the quarter. The company had revenue of $714.33 million during the quarter. Compania Cervecerias Unidas had a net margin of 17.12% and a return on equity of 22.99%. On average, equities research analysts expect that Compania Cervecerias Unidas will post 1.35 EPS for the current year.

Hedge funds have recently added to or reduced their stakes in the business. Signaturefd LLC raised its holdings in Compania Cervecerias Unidas by 19.9% in the 1st quarter. Signaturefd LLC now owns 2,611 shares of the company’s stock valued at $77,000 after acquiring an additional 433 shares during the last quarter. O Shaughnessy Asset Management LLC acquired a new stake in Compania Cervecerias Unidas in the 1st quarter valued at about $105,000. BNP Paribas Arbitrage SA acquired a new stake in Compania Cervecerias Unidas in the 1st quarter valued at about $141,000. Parallel Advisors LLC raised its holdings in Compania Cervecerias Unidas by 21.6% in the 1st quarter. Parallel Advisors LLC now owns 7,933 shares of the company’s stock valued at $234,000 after acquiring an additional 1,411 shares during the last quarter. Finally, Stone Ridge Asset Management LLC acquired a new stake in Compania Cervecerias Unidas in the 4th quarter valued at about $329,000. Institutional investors 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.

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