Mawer Investment Management Ltd. Lowers Stock Position in Compañía Cervecerías Unidas S.A. (NYSE:CCU)

Mawer Investment Management Ltd. lowered its position in Compañía Cervecerías Unidas S.A. (NYSE:CCU) by 0.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,946,305 shares of the company’s stock after selling 4,300 shares during the period. Mawer Investment Management Ltd. owned about 1.59% of Compañía Cervecerías Unidas worth $33,529,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in CCU. Ritholtz Wealth Management purchased a new stake in shares of Compañía Cervecerías Unidas in the second quarter valued at about $146,000. D.A. Davidson & CO. bought a new position in Compañía Cervecerías Unidas during the fourth quarter valued at about $209,000. Blue Trust Inc. grew its position in Compañía Cervecerías Unidas by 55.3% during the second quarter. Blue Trust Inc. now owns 18,231 shares of the company’s stock valued at $219,000 after buying an additional 6,495 shares during the period. Quadrant Capital Group LLC grew its position in Compañía Cervecerías Unidas by 20.8% during the fourth quarter. Quadrant Capital Group LLC now owns 17,710 shares of the company’s stock valued at $222,000 after buying an additional 3,048 shares during the period. Finally, Naples Global Advisors LLC grew its position in Compañía Cervecerías Unidas by 12.6% during the second quarter. Naples Global Advisors LLC now owns 33,595 shares of the company’s stock valued at $382,000 after buying an additional 3,750 shares during the period. Hedge funds and other institutional investors own 24.07% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. 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 research report on Thursday, August 8th. Bank of America lowered shares of Compañía Cervecerías Unidas from a “neutral” rating to an “underperform” rating and increased their price target for the company from $12.60 to $13.70 in a research report on Thursday, May 23rd. StockNews.com upgraded shares of Compañía Cervecerías Unidas from a “hold” rating to a “buy” rating in a research report on Tuesday, August 20th. Finally, The Goldman Sachs Group lowered shares of Compañía Cervecerías Unidas from a “neutral” rating to a “sell” rating and cut their target price for the stock from $12.90 to $10.50 in a research report on Monday, August 26th. Three analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $12.88.

Compañía Cervecerías Unidas Price Performance

Shares of CCU opened at $10.34 on Tuesday. The firm’s 50 day simple moving average is $11.35 and its 200 day simple moving average is $11.86. The company has a quick ratio of 1.60, a current ratio of 2.29 and a debt-to-equity ratio of 0.82. Compañía Cervecerías Unidas S.A. has a 1-year low of $10.00 and a 1-year high of $13.97.

Compañía Cervecerías Unidas (NYSE:CCU) last announced its earnings results on Wednesday, August 7th. The company reported ($0.09) earnings per share for the quarter. The company had revenue of $561.95 million during the quarter. Compañía Cervecerías Unidas had a net margin of 4.22% and a return on equity of 5.75%. On average, equities research analysts anticipate that Compañía Cervecerías Unidas S.A. will post 0.73 earnings per share for the current fiscal year.

Compañía Cervecerías Unidas Company Profile

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.