Compañía Cervecerías Unidas (NYSE:CCU) Downgraded by The Goldman Sachs Group

The Goldman Sachs Group lowered shares of Compañía Cervecerías Unidas (NYSE:CCU) from a neutral rating to a sell rating in a research report report published on Monday morning, Marketbeat Ratings reports. The brokerage currently has $10.50 price objective on the stock, down from their previous price objective of $12.90.

CCU has been the subject of several other research reports. JPMorgan Chase & Co. lowered shares of Compañía Cervecerías Unidas from an overweight rating to an underweight rating and reduced their price target for the company from $21.00 to $10.00 in a report on Thursday, August 8th. Bank of America downgraded Compañía Cervecerías Unidas from a neutral rating to an underperform rating and raised their price objective for the company from $12.60 to $13.70 in a research report on Thursday, May 23rd. Finally, StockNews.com raised shares of Compañía Cervecerías Unidas from a hold rating to a buy rating in a research report on Tuesday, August 20th. Three analysts have rated the stock with a sell rating and three have issued a buy rating to the company. According to data from MarketBeat, Compañía Cervecerías Unidas has a consensus rating of Hold and an average target price of $12.88.

Compañía Cervecerías Unidas Stock Performance

Shares of NYSE:CCU opened at $11.33 on Monday. The company has a current ratio of 2.48, a quick ratio of 1.81 and a debt-to-equity ratio of 0.87. Compañía Cervecerías Unidas has a 12 month low of $10.00 and a 12 month high of $14.96. The company has a market capitalization of $2.09 billion, a price-to-earnings ratio of 19.53, a PEG ratio of 0.60 and a beta of 0.90. The firm’s 50-day moving average is $11.42 and its 200 day moving average is $11.90.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CCU. Signaturefd LLC raised its stake in shares of Compañía Cervecerías Unidas by 42.4% during the 4th quarter. Signaturefd LLC now owns 3,494 shares of the company’s stock valued at $44,000 after buying an additional 1,040 shares during the last quarter. Ritholtz Wealth Management acquired a new stake in shares of Compañía Cervecerías Unidas during the 2nd quarter worth approximately $146,000. D.A. Davidson & CO. purchased a new position in shares of Compañía Cervecerías Unidas during the 4th quarter valued at approximately $209,000. Quadrant Capital Group LLC lifted its stake in shares of Compañía Cervecerías Unidas by 20.8% in the 4th quarter. Quadrant Capital Group LLC now owns 17,710 shares of the company’s stock valued at $222,000 after purchasing an additional 3,048 shares during the period. Finally, Blue Trust Inc. boosted its holdings in Compañía Cervecerías Unidas by 55.3% during the second quarter. Blue Trust Inc. now owns 18,231 shares of the company’s stock worth $219,000 after buying an additional 6,495 shares in the last quarter. 24.07% of the stock is currently owned by hedge funds and other institutional investors.

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.