Compañía Cervecerías Unidas (NYSE:CCU) Downgraded by Bank of America

Bank of America downgraded shares of Compañía Cervecerías Unidas (NYSE:CCUFree Report) from a neutral rating to an underperform rating in a research report report published on Thursday morning, Marketbeat Ratings reports. The brokerage currently has $13.70 price target on the stock, up from their previous price target of $12.60.

Separately, StockNews.com lowered shares of Compañía Cervecerías Unidas from a strong-buy rating to a buy rating in a report on Friday, March 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. According to MarketBeat, Compañía Cervecerías Unidas presently has an average rating of Hold and a consensus target price of $14.21.

Check Out Our Latest Analysis on Compañía Cervecerías Unidas

Compañía Cervecerías Unidas Price Performance

NYSE CCU opened at $12.87 on Thursday. The company’s fifty day simple moving average is $12.38 and its 200-day simple moving average is $12.25. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.48 and a quick ratio of 1.81. Compañía Cervecerías Unidas has a 52 week low of $10.82 and a 52 week high of $17.74.

Compañía Cervecerías Unidas (NYSE:CCUGet Free Report) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.30 EPS for the quarter. Compañía Cervecerías Unidas had a return on equity of 6.31% and a net margin of 3.61%. The firm had revenue of $796.75 million during the quarter. During the same period in the prior year, the company posted $0.38 EPS. As a group, research analysts expect that Compañía Cervecerías Unidas will post 0.81 earnings per share for the current year.

Compañía Cervecerías Unidas Cuts Dividend

The firm also recently announced a Semi-Annual dividend, which was paid on Tuesday, May 7th. Shareholders of record on Wednesday, April 24th were issued a dividend of $0.102 per share. The ex-dividend date of this dividend was Tuesday, April 23rd. This represents a dividend yield of 1.9%. Compañía Cervecerías Unidas’s dividend payout ratio (DPR) is 37.93%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. First Eagle Investment Management LLC boosted its stake in Compañía Cervecerías Unidas by 3.2% in the fourth quarter. First Eagle Investment Management LLC now owns 15,588,512 shares of the company’s stock valued at $195,480,000 after acquiring an additional 485,711 shares during the period. Baillie Gifford & Co. boosted its position in 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 period. Wellington Management Group LLP grew its stake in Compañía Cervecerías Unidas by 3.9% during the 4th quarter. Wellington Management Group LLP now owns 530,075 shares of the company’s stock worth $6,647,000 after buying an additional 19,881 shares during the last quarter. ABS Direct Equity Fund LLC acquired a new stake in Compañía Cervecerías Unidas in the fourth quarter worth $1,232,000. Finally, Privium Fund Management UK Ltd bought a new stake in Compañía Cervecerías Unidas in the fourth quarter valued at $952,000. 24.07% of the stock is owned by institutional investors and hedge funds.

Compañía Cervecerías Unidas Company Profile

(Get Free Report)

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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