Compañía Cervecerías Unidas (NYSE:CCU) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Compañía Cervecerías Unidas S.A. (NYSE:CCU)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.26 and traded as high as $11.45. Compañía Cervecerías Unidas shares last traded at $11.41, with a volume of 160,503 shares changing hands.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CCU. 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 decreased their price objective on Compañía Cervecerías Unidas from $10.50 to $9.40 and set a “sell” rating on the stock in a report on Tuesday, November 12th. Three equities research analysts have rated the stock with a sell rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $11.03.

Compañía Cervecerías Unidas Price Performance

The firm has a market capitalization of $2.11 billion, a PE ratio of 15.21, a price-to-earnings-growth ratio of 2.34 and a beta of 0.90. The stock’s 50 day simple moving average is $11.30 and its two-hundred day simple moving average is $11.26. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.44 and a current ratio of 2.06.

Compañía Cervecerías Unidas Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, January 1st were paid a dividend of $0.1498 per share. 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 payout ratio is 38.67%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Wellington Management Group LLP increased its position in Compañía Cervecerías Unidas by 2.2% during the third 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 during the last quarter. Blue Trust Inc. grew its stake in shares of 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 during the period. Genesis Investment Management LLP increased its holdings in shares of 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 worth $18,495,000 after buying an additional 402,593 shares during the last quarter. First Eagle Investment Management LLC raised its position 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 valued at $179,143,000 after buying an additional 184,970 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Compañía Cervecerías Unidas by 82.0% in the second 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 last quarter. Institutional investors and hedge funds 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.