Compañía Cervecerías Unidas (NYSE:CCU) Stock Price Passes Above 200 Day Moving Average – Here’s Why

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 Ratings Changes

CCU has been the subject of several recent research reports. The Goldman Sachs Group reduced 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. Scotiabank raised Compañía Cervecerías Unidas from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 7th. 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 stock. Based on data from MarketBeat.com, Compañía Cervecerías Unidas presently has a consensus rating of “Hold” and an average price target of $11.03.

Compañía Cervecerías Unidas Trading Up 0.8 %

The firm has a market capitalization of $2.14 billion, a PE ratio of 15.47, a PEG ratio of 2.34 and a beta of 0.89. 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 business has a fifty day moving average price of $11.33 and a two-hundred day moving average price of $11.26.

Compañía Cervecerías Unidas Increases Dividend

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

Hedge Funds Weigh In On Compañía Cervecerías Unidas

A number of hedge funds have recently modified their holdings of CCU. Blue Trust Inc. boosted its holdings in Compañía Cervecerías Unidas by 75.0% during the 3rd quarter. Blue Trust Inc. now owns 31,899 shares of the company’s stock valued at $363,000 after acquiring an additional 13,668 shares during the period. American Century Companies Inc. boosted its holdings in Compañía Cervecerías Unidas by 37.5% during the 2nd quarter. American Century Companies Inc. now owns 79,367 shares of the company’s stock valued at $903,000 after acquiring an additional 21,630 shares during the period. Dimensional Fund Advisors LP boosted its holdings in 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 acquiring an additional 75,147 shares during the period. Genesis Investment Management LLP boosted its holdings in Compañía Cervecerías Unidas by 33.9% during the 3rd quarter. Genesis Investment Management LLP now owns 1,590,258 shares of the company’s stock valued at $18,495,000 after acquiring an additional 402,593 shares during the period. Finally, Wellington Management Group LLP boosted its holdings in 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. 24.07% of the stock is currently owned by hedge funds and other institutional investors.

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.