The Goldman Sachs Group Cuts Compania Cervecerias Unidas (NYSE:CCU) Price Target to $10.00

Key Points

• The Goldman Sachs Group has reduced its price target for Compania Cervecerias Unidas (NYSE:CCU) from $11.50 to $10.00, indicating a potential downside of 17.36% from the current stock price.
• Despite the downgrade, shares of Compania Cervecerias Unidas rose by 2.4% during mid-day trading, reaching $12.10.
• Institutional investors and hedge funds currently own 24.07% of the company's stock, indicating ongoing interest from major financial players.

Compania Cervecerias Unidas (NYSE:CCU - Get Free Report) had its target price dropped by analysts at The Goldman Sachs Group from $11.50 to $10.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a "sell" rating on the stock. The Goldman Sachs Group's price target would indicate a potential downside of 17.36% from the stock's current price.

Compania Cervecerias Unidas Trading Up 2.4%

Shares of NYSE:CCU traded up $0.28 during mid-day trading on Thursday, reaching $12.10. The stock had a trading volume of 59,114 shares, compared to its average volume of 203,051. The firm has a 50 day simple moving average of $12.30 and a two-hundred day simple moving average of $13.61. Compania Cervecerias Unidas has a twelve month low of $10.03 and a twelve month high of $15.75. The company has a current ratio of 2.14, a quick ratio of 1.43 and a debt-to-equity ratio of 0.68. The firm has a market cap of $2.24 billion, a PE ratio of 14.24, a price-to-earnings-growth ratio of 1.09 and a beta of 0.73.

Hedge Funds Weigh In On Compania Cervecerias Unidas

A number of large investors have recently bought and sold shares of the company. Naples Global Advisors LLC boosted its position in Compania Cervecerias Unidas by 3.3% during the 1st quarter. Naples Global Advisors LLC now owns 31,200 shares of the company's stock worth $474,000 after acquiring an additional 1,000 shares during the last quarter. Blue Trust Inc. lifted its holdings in Compania Cervecerias Unidas by 4.3% during the 2nd quarter. Blue Trust Inc. now owns 25,295 shares of the company's stock valued at $327,000 after purchasing an additional 1,043 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Compania Cervecerias Unidas by 67.1% during the 1st quarter. GAMMA Investing LLC now owns 2,600 shares of the company's stock valued at $40,000 after purchasing an additional 1,044 shares during the last quarter. Fielder Capital Group LLC lifted its holdings in Compania Cervecerias Unidas by 24.3% during the 1st quarter. Fielder Capital Group LLC now owns 12,636 shares of the company's stock valued at $192,000 after purchasing an additional 2,467 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in Compania Cervecerias Unidas by 1,252.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,233 shares of the company's stock valued at $42,000 after purchasing an additional 2,994 shares during the last quarter. Institutional investors and hedge funds own 24.07% of the company's stock.

Compania Cervecerias 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.

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