UBS Group AG cut its stake in shares of Compania Cervecerias Unidas, S.A. (NYSE:CCU) by 6.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,693 shares of the company’s stock after selling 721 shares during the period. UBS Group AG’s holdings in Compania Cervecerias Unidas, were worth $245,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of CCU. Comerica Bank purchased a new stake in shares of Compania Cervecerias Unidas, during the fourth quarter valued at approximately $224,000. World Asset Management Inc increased its stake in shares of Compania Cervecerias Unidas, by 1.9% in the first quarter. World Asset Management Inc now owns 11,516 shares of the company’s stock valued at $291,000 after buying an additional 212 shares during the last quarter. Teza Capital Management LLC purchased a new stake in shares of Compania Cervecerias Unidas, during the first quarter valued at approximately $580,000. US Bancorp DE increased its stake in shares of Compania Cervecerias Unidas, by 16.3% in the first quarter. US Bancorp DE now owns 24,131 shares of the company’s stock valued at $610,000 after buying an additional 3,378 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Compania Cervecerias Unidas, by 2.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 31,814 shares of the company’s stock valued at $804,000 after buying an additional 690 shares during the last quarter. 13.11% of the stock is owned by hedge funds and other institutional investors.
Shares of Compania Cervecerias Unidas, S.A. (NYSE:CCU) traded up 0.31% during midday trading on Friday, reaching $26.29. 84,978 shares of the company’s stock traded hands. Compania Cervecerias Unidas, S.A. has a 52-week low of $19.31 and a 52-week high of $27.28. The stock has a 50-day moving average price of $26.39 and a 200-day moving average price of $25.11. The stock has a market cap of $4.86 billion, a P/E ratio of 26.34 and a beta of 0.33.
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Several brokerages have commented on CCU. BidaskClub downgraded shares of Compania Cervecerias Unidas, from a “buy” rating to a “hold” rating in a research note on Tuesday, June 13th. Zacks Investment Research downgraded shares of Compania Cervecerias Unidas, from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Finally, J P Morgan Chase & Co raised shares of Compania Cervecerias Unidas, from an “underweight” rating to a “neutral” rating and upped their target price for the company from $21.00 to $25.00 in a research note on Wednesday, April 12th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $25.17.
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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