Compania Cervecerias Unidas (CCU) Downgraded to Sell at Zacks Investment Research

Zacks Investment Research downgraded shares of Compania Cervecerias Unidas (NYSE:CCU) from a hold rating to a sell rating in a report published on Monday, Zacks.com reports.

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. “

NYSE CCU opened at $26.57 on Monday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.48 and a current ratio of 1.48. Compania Cervecerias Unidas has a twelve month low of $24.30 and a twelve month high of $29.48. The company has a market cap of $4.87 billion, a P/E ratio of 9.99 and a beta of 0.49.

The company also recently declared a semiannual dividend, which was paid on Monday, May 6th. Investors of record on Tuesday, April 23rd were given a dividend of $0.3251 per share. The ex-dividend date was Monday, April 22nd. This represents a dividend yield of 2.29%. Compania Cervecerias Unidas’s dividend payout ratio is presently 15.41%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Signaturefd LLC boosted its position in shares of Compania Cervecerias Unidas by 19.9% during the first quarter. Signaturefd LLC now owns 2,611 shares of the company’s stock valued at $77,000 after purchasing an additional 433 shares in the last quarter. O Shaughnessy Asset Management LLC bought a new stake in shares of Compania Cervecerias Unidas during the first quarter valued at approximately $105,000. BNP Paribas Arbitrage SA bought a new stake in shares of Compania Cervecerias Unidas during the first quarter valued at approximately $141,000. Advisor Group Inc. boosted its position in shares of Compania Cervecerias Unidas by 1,172.4% during the first quarter. Advisor Group Inc. now owns 4,886 shares of the company’s stock valued at $143,000 after purchasing an additional 4,502 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of Compania Cervecerias Unidas by 117.5% during the third quarter. Wells Fargo & Company MN now owns 5,085 shares of the company’s stock valued at $142,000 after purchasing an additional 2,747 shares in the last quarter. Institutional investors own 16.13% of the company’s stock.

About Compania Cervecerias Unidas

Compañía Cervecerías Unidas SA operates as a beverage company principally in Chile, Argentina, Uruguay, Paraguay, Colombia, and Bolivia. The company operates through Chile, International Business, and Wine segments. 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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