Compania Cervecerias Unidas, S.A. (NYSE:CCU) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Thursday.

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. “

Separately, BidaskClub lowered shares of Compania Cervecerias Unidas, from a “buy” rating to a “hold” rating in a research report on Tuesday, June 13th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Compania Cervecerias Unidas, presently has an average rating of “Buy” and an average price target of $27.50.

Compania Cervecerias Unidas, (NYSE CCU) traded down 1.20% on Thursday, hitting $27.27. 178,467 shares of the company were exchanged. The firm has a market cap of $5.04 billion, a price-to-earnings ratio of 25.53 and a beta of 0.30. The stock has a 50 day moving average price of $27.34 and a 200 day moving average price of $26.39. Compania Cervecerias Unidas, has a one year low of $19.49 and a one year high of $28.22.

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Several hedge funds have recently made changes to their positions in the company. Comerica Bank lifted its position in shares of Compania Cervecerias Unidas, by 1.3% during the first quarter. Comerica Bank now owns 10,592 shares of the company’s stock worth $272,000 after purchasing an additional 138 shares in the last quarter. US Bancorp DE raised its stake in shares of Compania Cervecerias Unidas, by 12.0% during the second quarter. US Bancorp DE now owns 27,024 shares of the company’s stock worth $709,000 after buying an additional 2,893 shares during the last quarter. Marathon Asset Management LLP raised its stake in shares of Compania Cervecerias Unidas, by 13.0% during the second quarter. Marathon Asset Management LLP now owns 26,980 shares of the company’s stock worth $708,000 after buying an additional 3,095 shares during the last quarter. Susquehanna International Group LLP raised its stake in shares of Compania Cervecerias Unidas, by 22.4% during the second quarter. Susquehanna International Group LLP now owns 19,100 shares of the company’s stock worth $501,000 after buying an additional 3,492 shares during the last quarter. Finally, Sei Investments Co. bought a new stake in shares of Compania Cervecerias Unidas, during the second quarter worth approximately $115,000. Institutional investors own 14.10% of the company’s stock.

Compania Cervecerias Unidas, Company Profile

Compania Cervecerias Unidas SA is a diversified beverage company operating principally in Chile, Argentina, Bolivia, Colombia, Paraguay and Uruguay. The Company operates as a brewer, soft drinks producer, water and nectar producer, wine producer and pisco distributor. The Company’s segments include Chile, International Business and Wine.

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