UBS Wealth Management is a division of the Union Bank of Switzerland (UBS), one of the largest financial institutions in the world. UBS offers various services globally, including personal & corporate banking, investment banking, and asset management.
Through UBS Wealth Management, the company provides investment advice, financial planning, and brokerage trading services to its U.S. clients.
Here are five Food and Beverage stocks recommended by UBS with an upside of up to 23%
Devyani International Ltd
Devyani International Limited (DIL) is the largest franchisee of Yum Brands in India and is among the largest operators of chain quick service restaurants (QSR) in India. In addition, DIL is a franchisee for the Costa Coffee brand and stores in India.
UBS gave a buy call on Devyani International Ltd. with a target price of ₹190 per share, representing an upside of 21 percent from Monday’s trading price of ₹157 per share.
Devyani International Ltd.’s shares experienced a 10 percent increase over the past 12 months, followed by a 25 percent decline in the last six months.
United Breweries Ltd
United Breweries Limited is engaged in the business of the manufacture and sale of beer and non-alcoholic beverages.
UBS gave a buy call on United Breweries Ltd. with a target price of ₹2,000 per share, representing an upside of 15 percent from Monday’s trading price of ₹1,733 per share.
United Breweries Ltd. shares have gained 19 percent in 12 months and 7 percent in the last six months.
Tata Consumer Products Ltd
Tata Consumer Products Ltd. (TCPL) is the 2nd largest branded tea company in the world, The company addresses more than 201 million households in India. Having a foothold in the food and beverage industries both domestically and abroad.
UBS gave a buy call on Tata Consumer Products Ltd. with a target price of ₹1,350 per share, representing an upside of 13 percent from Monday’s trading price of ₹1,190 per share.
Tata Consumer Products shares have gained 37 percent in the last six months and 69 percent in a year.
Varun Beverages Ltd
Varun Beverages Limited (“VBL” or the “Company”) is a key player in the beverage industry and one of the largest franchisees of PepsiCo in the world (outside the USA).
The company manufactures, distributes, and sells a wide range of carbonated soft drinks (CSDs), as well as a large selection of non-carbonated beverages (NCBs), including packaged drinking water sold under trademarks owned by PepsiCo.
UBS gave a buy call on Varun Beverages Ltd. with a target price of ₹1,550 per share, representing an upside of 8 percent from Monday’s trading price of ₹1,438 per share.
Varun Beverages Ltd. shares have gained 59 percent in the last six months and 121 percent in the last 12 months.
Sapphire Foods India Ltd
Sapphire Foods is the largest Yum! franchisee and an omnichannel restaurant operator. There are over 400 KFC, Pizza Hut, and Taco Bell stores in India, Sri Lanka, and the Maldives.
UBS gave a buy call on Sapphire Foods India Ltd. with a target price of ₹1,800 per share, representing an upside of 23 percent from Monday’s trading price of ₹1,466 per share.
Sapphire Foods India Ltd. shares have gained 24 percent in the last 12 months and 7 percent in a month.
Written by Omkar Chitnis
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