Compañía Cervecerías Unidas (NYSE:CCU) Coverage Initiated at StockNews.com

Investment analysts at StockNews.com began coverage on shares of Compañía Cervecerías Unidas (NYSE:CCU – Get Rating) in a report issued on Thursday. The brokerage set a “buy” rating on the stock.

A number of other analysts have also recently weighed in on the stock. The Goldman Sachs Group boosted their price objective on shares of Compañía Cervecerías Unidas from $12.00 to $13.40 and gave the stock a “neutral” rating in a research note on Friday, March 10th. JPMorgan Chase & Co. upgraded shares of Compañía Cervecerías Unidas from a “neutral” rating to an “overweight” rating in a research note on Friday, January 20th. Finally, Bank of America upgraded shares of Compañía Cervecerías Unidas from an “underperform” rating to a “buy” rating in a research note on Wednesday, March 1st. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Compañía Cervecerías Unidas has a consensus rating of “Moderate Buy” and an average target price of $13.47.

Compañía Cervecerías Unidas Price Performance

Shares of Compañía Cervecerías Unidas stock opened at $14.64 on Thursday. The firm has a fifty day simple moving average of $15.01 and a 200-day simple moving average of $12.62. The company has a current ratio of 2.08, a quick ratio of 1.46 and a debt-to-equity ratio of 0.84. Compañía Cervecerías Unidas has a 1-year low of $9.31 and a 1-year high of $16.60. The stock has a market capitalization of $2.70 billion, a price-to-earnings ratio of 20.05 and a beta of 0.79.

Institutional Investors Weigh In On Compañía Cervecerías Unidas

Several institutional investors and hedge funds have recently bought and sold shares of CCU. Marshall Wace LLP increased its holdings in Compañía Cervecerías Unidas by 114.4% in the 3rd quarter. Marshall Wace LLP now owns 563,121 shares of the company’s stock valued at $6,069,000 after buying an additional 300,523 shares during the period. Mawer Investment Management Ltd. increased its holdings in Compañía Cervecerías Unidas by 2.7% in the 4th quarter. Mawer Investment Management Ltd. now owns 10,736,488 shares of the company’s stock valued at $140,863,000 after buying an additional 280,464 shares during the period. Renaissance Technologies LLC increased its holdings in Compañía Cervecerías Unidas by 60.3% in the 2nd quarter. Renaissance Technologies LLC now owns 740,065 shares of the company’s stock valued at $9,347,000 after buying an additional 278,400 shares during the period. Discerene Group LP increased its holdings in Compañía Cervecerías Unidas by 34.4% in the 2nd quarter. Discerene Group LP now owns 745,661 shares of the company’s stock valued at $9,418,000 after buying an additional 190,660 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in Compañía Cervecerías Unidas by 45.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 581,800 shares of the company’s stock valued at $7,349,000 after buying an additional 181,741 shares during the period. Institutional investors own 18.43% of the company’s stock.

About Compañía Cervecerías Unidas

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Compañía Cervecerías Unidas SA engages in the production of beverages. It operates through the following segments: Chile, International Business, and Wine. The Chile segment sells alcoholic and non-alcoholic beverages which include Heineken, Sol, Coors Tecate beer, Blue Moon beer, Kunstmann, Austral beer; and carbonated soft drinks, nectars and juices, sports and energy drinks, ice tea, and water.