Compañía Cervecerías Unidas (NYSE:CCU) Shares Pass Above 200 Day Moving Average – What’s Next?

Compañía Cervecerías Unidas S.A. (NYSE:CCU)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $11.28 and traded as high as $11.63. Compañía Cervecerías Unidas shares last traded at $11.56, with a volume of 42,741 shares trading hands.

Analysts Set New Price Targets

A number of research firms have issued reports on CCU. Scotiabank raised shares of Compañía Cervecerías Unidas from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 7th. The Goldman Sachs Group reduced their target price on Compañía Cervecerías Unidas from $10.50 to $9.40 and set a “sell” rating for the company in a research note on Tuesday, November 12th. Three equities research analysts have rated the stock with a sell rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Compañía Cervecerías Unidas has a consensus rating of “Hold” and a consensus target price of $11.03.

Compañía Cervecerías Unidas Stock Up 0.2 %

The business’s 50-day simple moving average is $11.31 and its 200-day simple moving average is $11.28. The company has a market capitalization of $2.14 billion, a PE ratio of 15.44, a price-to-earnings-growth ratio of 2.34 and a beta of 0.90. The company has a current ratio of 2.06, a quick ratio of 1.44 and a debt-to-equity ratio of 0.80.

Compañía Cervecerías Unidas Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Friday, November 22nd. Investors of record on Friday, January 1st were given a dividend of $0.1498 per share. The ex-dividend date of this dividend was Friday, November 22nd. This is an increase from Compañía Cervecerías Unidas’s previous semi-annual dividend of $0.10. This represents a yield of 2.4%. Compañía Cervecerías Unidas’s payout ratio is currently 38.67%.

Institutional Investors Weigh In On Compañía Cervecerías Unidas

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ritholtz Wealth Management acquired a new position in shares of Compañía Cervecerías Unidas in the 2nd quarter valued at about $146,000. Privium Fund Management UK Ltd boosted its position in Compañía Cervecerías Unidas by 98.1% in the 2nd quarter. Privium Fund Management UK Ltd now owns 120,892 shares of the company’s stock worth $1,348,000 after purchasing an additional 59,863 shares in the last quarter. Malaga Cove Capital LLC boosted its position in Compañía Cervecerías Unidas by 39.8% in the 2nd quarter. Malaga Cove Capital LLC now owns 57,632 shares of the company’s stock worth $656,000 after purchasing an additional 16,396 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Compañía Cervecerías Unidas by 37.5% during the 2nd quarter. American Century Companies Inc. now owns 79,367 shares of the company’s stock worth $903,000 after purchasing an additional 21,630 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Compañía Cervecerías Unidas by 82.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 166,734 shares of the company’s stock valued at $1,897,000 after purchasing an additional 75,147 shares in the last quarter. 24.07% of the stock is owned by institutional investors and hedge funds.

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.