A number of other brokerages have also commented on CCU. The Goldman Sachs Group cut their price target on Compañía Cervecerías Unidas from $16.80 to $14.80 and set a neutral rating for the company in a report on Monday, August 21st. HSBC boosted their price objective on Compañía Cervecerías Unidas from $16.00 to $18.00 in a research report on Wednesday, June 7th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and an average price target of $15.60.
Compañía Cervecerías Unidas Stock Down 1.7 %
Compañía Cervecerías Unidas (NYSE:CCU – Get Free Report) last issued its quarterly earnings results on Thursday, August 10th. The company reported ($0.03) EPS for the quarter. Compañía Cervecerías Unidas had a return on equity of 7.99% and a net margin of 4.21%. The business had revenue of $746.52 million for the quarter, compared to analyst estimates of $719.89 million. Research analysts forecast that Compañía Cervecerías Unidas will post 1.21 EPS for the current year.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of CCU. Baillie Gifford & Co. acquired a new position in Compañía Cervecerías Unidas during the first quarter worth $5,594,000. Renaissance Technologies LLC increased its stake in shares of Compañía Cervecerías Unidas by 60.3% in the second 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 in the last quarter. BlackRock Inc. increased its stake in shares of Compañía Cervecerías Unidas by 63.2% in the third quarter. BlackRock Inc. now owns 387,770 shares of the company’s stock valued at $4,180,000 after buying an additional 150,231 shares in the last quarter. AQR Capital Management LLC acquired a new stake in shares of Compañía Cervecerías Unidas in the fourth quarter valued at $1,812,000. Finally, Perpetual Ltd acquired a new stake in shares of Compañía Cervecerías Unidas in the first quarter valued at $1,730,000. 18.24% of the stock is currently owned by institutional investors and hedge funds.
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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