The Goldman Sachs Group lowered shares of Compañía Cervecerías Unidas (NYSE:CCU – Free Report) 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.
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Compañía Cervecerías Unidas Stock Performance
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.
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