Compañía Cervecerías Unidas S.A. (NYSE:CCU) Receives $12.08 Consensus Target Price from Analysts

Shares of Compañía Cervecerías Unidas S.A. (NYSE:CCU) have been assigned an average rating of “Hold” from the five ratings firms that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating, one has issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $12.08.

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. cut shares of Compañía Cervecerías Unidas from an “overweight” rating to an “underweight” rating and cut their price objective for the company from $21.00 to $10.00 in a research report on Thursday, August 8th. StockNews.com upgraded shares of Compañía Cervecerías Unidas from a “hold” rating to a “buy” rating in a report on Tuesday, August 20th. The Goldman Sachs Group decreased their price objective 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. Finally, Scotiabank upgraded shares of Compañía Cervecerías Unidas from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 7th.

Compañía Cervecerías Unidas Trading Up 1.8 %

Shares of CCU opened at $11.01 on Friday. The company’s fifty day moving average is $11.03 and its 200 day moving average is $11.54. Compañía Cervecerías Unidas has a fifty-two week low of $10.00 and a fifty-two week high of $13.74. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.44 and a current ratio of 2.06. The stock has a market capitalization of $2.03 billion, a PE ratio of 14.68, a P/E/G ratio of 1.60 and a beta of 0.88.

Compañía Cervecerías Unidas Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, January 1st will be given a $0.1498 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a yield of 2.4%. This is a positive change from Compañía Cervecerías Unidas’s previous semi-annual dividend of $0.10. Compañía Cervecerías Unidas’s dividend payout ratio is currently 40.00%.

Institutional Investors Weigh In On Compañía Cervecerías Unidas

Hedge funds have recently added to or reduced their stakes in the business. Wellington Management Group LLP grew its position in shares of Compañía Cervecerías Unidas by 2.2% during 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 during the period. Blue Trust Inc. grew its holdings in Compañía Cervecerías Unidas by 75.0% in the 3rd quarter. Blue Trust Inc. now owns 31,899 shares of the company’s stock valued at $363,000 after buying an additional 13,668 shares in the last quarter. Genesis Investment Management LLP increased its position in Compañía Cervecerías Unidas by 33.9% during 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 last quarter. First Eagle Investment Management LLC increased its holdings in shares of Compañía Cervecerías Unidas by 1.2% during the 2nd quarter. First Eagle Investment Management LLC now owns 15,741,885 shares of the company’s stock worth $179,143,000 after buying an additional 184,970 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Compañía Cervecerías Unidas by 82.0% during the second quarter. Dimensional Fund Advisors LP now owns 166,734 shares of the company’s stock worth $1,897,000 after acquiring an additional 75,147 shares during the last quarter. 24.07% of the stock is owned by hedge funds and other institutional investors.

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.