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

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 Ratings Changes

A number of equities analysts have commented on the stock. The Goldman Sachs Group reduced their target price on shares of Compañía Cervecerías Unidas from $10.50 to $9.40 and set a “sell” rating for the company in a report on Tuesday, November 12th. Scotiabank upgraded shares of Compañía Cervecerías Unidas from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 7th. Three research 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. According to data from MarketBeat, Compañía Cervecerías Unidas currently has an average rating of “Hold” and an average target price of $11.03.

Compañía Cervecerías Unidas Price Performance

The firm has a market cap of $2.14 billion, a PE ratio of 15.47, a price-to-earnings-growth ratio of 2.34 and a beta of 0.89. 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 stock has a 50 day moving average price of $11.33 and a two-hundred day moving average price of $11.26.

Compañía Cervecerías Unidas Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Friday, November 22nd. Investors of record on Friday, January 1st were given a $0.1498 dividend. The ex-dividend date was 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 38.67%.

Institutional Investors Weigh In On Compañía Cervecerías Unidas

A number of large investors have recently bought and sold shares of the company. Genesis Investment Management LLP boosted its position in Compañía Cervecerías Unidas by 33.9% in the 3rd 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 in the last quarter. First Eagle Investment Management LLC boosted its position in Compañía Cervecerías Unidas by 1.2% in the 2nd 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 in the last quarter. Dimensional Fund Advisors LP boosted its position in Compañía Cervecerías Unidas by 82.0% in the 2nd 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 in the last quarter. Wellington Management Group LLP boosted its position 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 worth $22,006,000 after purchasing an additional 39,971 shares in the last quarter. Finally, American Century Companies Inc. raised 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 buying an additional 21,630 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.