Compañía Cervecerías Unidas S.A. (NYSE:CCU) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Compañía Cervecerías Unidas S.A. (NYSE:CCU) have been assigned a consensus rating of “Hold” from the five research firms that are currently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $12.08.

CCU has been the subject of several recent research reports. JPMorgan Chase & Co. cut shares of Compañía Cervecerías Unidas from an “overweight” rating to an “underweight” rating and decreased their price target for the company from $21.00 to $10.00 in a research report on Thursday, August 8th. 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 cut their price objective on Compañía Cervecerías Unidas from $10.50 to $9.40 and set a “sell” rating on the stock in a research note on Tuesday. Finally, StockNews.com upgraded shares of Compañía Cervecerías Unidas from a “hold” rating to a “buy” rating in a report on Tuesday, August 20th.

Compañía Cervecerías Unidas Price Performance

Compañía Cervecerías Unidas stock opened at $10.84 on Friday. 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 stock has a 50-day moving average price of $11.02 and a two-hundred day moving average price of $11.56. Compañía Cervecerías Unidas has a 12 month low of $10.00 and a 12 month high of $13.74.

Compañía Cervecerías Unidas Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, January 1st will be given a dividend of $0.1498 per share. This represents a dividend yield of 2.4%. The ex-dividend date is Friday, November 22nd. This is a boost from Compañía Cervecerías Unidas’s previous semi-annual dividend of $0.10. Compañía Cervecerías Unidas’s dividend payout ratio is 29.33%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in CCU. Naples Global Advisors LLC lifted its stake in shares of Compañía Cervecerías Unidas by 12.6% in the second quarter. Naples Global Advisors LLC now owns 33,595 shares of the company’s stock valued at $382,000 after buying an additional 3,750 shares in the last quarter. Blue Trust Inc. raised its stake in Compañía Cervecerías Unidas by 55.3% in the 2nd quarter. Blue Trust Inc. now owns 18,231 shares of the company’s stock valued at $219,000 after acquiring an additional 6,495 shares during the period. Ninety One UK Ltd purchased a new stake in shares of Compañía Cervecerías Unidas during the 2nd quarter valued at approximately $2,121,000. Ritholtz Wealth Management bought a new position in shares of Compañía Cervecerías Unidas in the second quarter worth $146,000. Finally, Privium Fund Management UK Ltd raised its stake in shares of Compañía Cervecerías Unidas by 98.1% during the 2nd quarter. Privium Fund Management UK Ltd now owns 120,892 shares of the company’s stock valued at $1,348,000 after purchasing an additional 59,863 shares during the period. 24.07% of the stock is owned by institutional investors and hedge funds.

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.