Compañía Cervecerías Unidas (NYSE:CCU) Share Price Crosses Above 200-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 Friday . The stock has a 200-day moving average of $11.26 and traded as high as $11.72. Compañía Cervecerías Unidas shares last traded at $11.60, with a volume of 314,099 shares trading hands.

Analyst Upgrades and Downgrades

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

Compañía Cervecerías Unidas Price Performance

The company has a quick ratio of 1.44, a current ratio of 2.06 and a debt-to-equity ratio of 0.80. The firm’s 50-day moving average is $11.32 and its 200-day moving average is $11.26. The company has a market cap of $2.14 billion, a PE ratio of 15.47, a PEG ratio of 2.34 and a beta of 0.89.

Compañía Cervecerías Unidas Increases Dividend

The business also recently declared 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 was Friday, November 22nd. This represents a dividend yield of 2.4%. This is a boost from Compañía Cervecerías Unidas’s previous semi-annual dividend of $0.10. Compañía Cervecerías Unidas’s payout ratio is currently 38.67%.

Hedge Funds Weigh In On Compañía Cervecerías Unidas

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Wellington Management Group LLP increased its position in shares of Compañía Cervecerías Unidas by 2.2% during the third quarter. Wellington Management Group LLP now owns 1,892,147 shares of the company’s stock valued at $22,006,000 after buying an additional 39,971 shares during the period. Blue Trust Inc. grew its holdings in Compañía Cervecerías Unidas by 75.0% in the third quarter. Blue Trust Inc. now owns 31,899 shares of the company’s stock worth $363,000 after purchasing an additional 13,668 shares during the period. Genesis Investment Management LLP grew its holdings in Compañía Cervecerías Unidas by 33.9% in the third quarter. Genesis Investment Management LLP now owns 1,590,258 shares of the company’s stock worth $18,495,000 after purchasing an additional 402,593 shares during the period. First Eagle Investment Management LLC grew its holdings in Compañía Cervecerías Unidas by 1.2% in the second quarter. First Eagle Investment Management LLC now owns 15,741,885 shares of the company’s stock worth $179,143,000 after purchasing an additional 184,970 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Compañía Cervecerías Unidas by 82.0% in the second quarter. Dimensional Fund Advisors LP now owns 166,734 shares of the company’s stock worth $1,897,000 after purchasing an additional 75,147 shares during the period. Hedge funds and other institutional investors own 24.07% of the company’s stock.

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.