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

Compañía Cervecerías Unidas S.A. (NYSE:CCU) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.28 and traded as high as $11.63. Compañía Cervecerías Unidas shares last traded at $11.56, with a volume of 42,741 shares traded.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. The Goldman Sachs Group decreased 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 research report on Tuesday, November 12th. Scotiabank upgraded Compañía Cervecerías Unidas from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 7th. Three investment analysts have rated the stock with a sell rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $11.03.

Compañía Cervecerías Unidas Price Performance

The stock has a market capitalization of $2.14 billion, a P/E ratio of 15.41, a price-to-earnings-growth ratio of 2.34 and a beta of 0.90. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.06 and a quick ratio of 1.44. The company’s 50-day simple moving average is $11.30 and its 200-day simple moving average is $11.28.

Compañía Cervecerías Unidas Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, January 1st were issued a $0.1498 dividend. This represents a dividend yield of 2.4%. This is a boost from Compañía Cervecerías Unidas’s previous semi-annual dividend of $0.10. The ex-dividend date of this dividend was Friday, November 22nd. Compañía Cervecerías Unidas’s dividend payout ratio is presently 38.67%.

Institutional Trading of Compañía Cervecerías Unidas

A number of hedge funds have recently made changes to their positions in CCU. Ritholtz Wealth Management acquired a new position in shares of Compañía Cervecerías Unidas in the second quarter valued at $146,000. Privium Fund Management UK Ltd grew its stake in Compañía Cervecerías Unidas by 98.1% in the 2nd quarter. Privium Fund Management UK Ltd now owns 120,892 shares of the company’s stock valued at $1,348,000 after buying an additional 59,863 shares during the last quarter. Malaga Cove Capital LLC grew its stake in Compañía Cervecerías Unidas by 39.8% in the 2nd quarter. Malaga Cove Capital LLC now owns 57,632 shares of the company’s stock valued at $656,000 after buying an additional 16,396 shares during the last quarter. American Century Companies Inc. raised its holdings in Compañía Cervecerías Unidas by 37.5% in 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. Finally, Dimensional Fund Advisors LP lifted its position 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 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.