Compañía Cervecerías Unidas (NYSE:CCU) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Shares of Compañía Cervecerías Unidas S.A. (NYSE:CCU) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-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.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Scotiabank upgraded Compañía Cervecerías Unidas from a “hold” rating to a “strong-buy” rating in a research 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 on the stock in a report on Tuesday, November 12th. Three analysts have rated the stock with a sell rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $11.03.

Compañía Cervecerías Unidas Price Performance

The company has a current ratio of 2.06, a quick ratio of 1.44 and a debt-to-equity ratio of 0.80. The firm has a market cap of $2.14 billion, a price-to-earnings ratio of 15.41, a P/E/G ratio of 2.34 and a beta of 0.90. The company has a 50 day moving average of $11.30 and a 200 day moving average of $11.28.

Compañía Cervecerías Unidas Increases Dividend

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

Hedge Funds Weigh In On Compañía Cervecerías Unidas

Several institutional investors and hedge funds have recently modified their holdings of CCU. Ritholtz Wealth Management acquired a new position in Compañía Cervecerías Unidas in the 2nd quarter worth $146,000. Blue Trust Inc. boosted its position in shares of Compañía Cervecerías Unidas by 75.0% during the third quarter. Blue Trust Inc. now owns 31,899 shares of the company’s stock worth $363,000 after buying an additional 13,668 shares during the period. Malaga Cove Capital LLC grew its holdings in shares of Compañía Cervecerías Unidas by 39.8% during the second quarter. Malaga Cove Capital LLC now owns 57,632 shares of the company’s stock worth $656,000 after buying an additional 16,396 shares in the last quarter. American Century Companies Inc. raised its position in Compañía Cervecerías Unidas by 37.5% in the 2nd quarter. American Century Companies Inc. now owns 79,367 shares of the company’s stock valued at $903,000 after buying an additional 21,630 shares during the last quarter. Finally, Wellington Management Group LLP lifted its stake in Compañía Cervecerías Unidas by 2.2% in the 3rd quarter. Wellington Management Group LLP now owns 1,892,147 shares of the company’s stock valued at $22,006,000 after acquiring an additional 39,971 shares in the last quarter. 24.07% of the stock is currently owned by institutional investors and hedge funds.

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.