Compañía Cervecerías Unidas (NYSE:CCU) Share Price Crosses Above 200-Day Moving Average – What’s Next?

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.

Wall Street Analysts Forecast Growth

CCU has been the topic of several analyst reports. The Goldman Sachs Group dropped their target price on shares of Compañía Cervecerías Unidas from $10.50 to $9.40 and set a “sell” rating on the stock in a research note on Tuesday, November 12th. Scotiabank upgraded shares of Compañía Cervecerías Unidas from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 7th. Three investment analysts have rated the stock with a sell rating, one has given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $11.03.

Compañía Cervecerías Unidas Trading Up 0.8 %

The company has a market cap of $2.14 billion, a P/E ratio of 15.47, a P/E/G ratio of 2.34 and a beta of 0.89. The stock’s 50-day moving average is $11.32 and its two-hundred day moving average is $11.26. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.06 and a quick ratio of 1.44.

Compañía Cervecerías Unidas Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Friday, November 22nd. Investors of record on Friday, January 1st were given a dividend of $0.1498 per share. This is an increase from Compañía Cervecerías Unidas’s previous semi-annual dividend of $0.10. The ex-dividend date was Friday, November 22nd. This represents a yield of 2.4%. Compañía Cervecerías Unidas’s dividend payout ratio is 38.67%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CCU. Blue Trust Inc. lifted its position in Compañía Cervecerías Unidas by 75.0% during the third quarter. Blue Trust Inc. now owns 31,899 shares of the company’s stock valued at $363,000 after purchasing an additional 13,668 shares during the period. American Century Companies Inc. increased its holdings in Compañía Cervecerías Unidas by 37.5% during the second quarter. American Century Companies Inc. now owns 79,367 shares of the company’s stock valued at $903,000 after buying an additional 21,630 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings 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 valued at $1,897,000 after buying an additional 75,147 shares during the last quarter. Genesis Investment Management LLP increased its holdings in Compañía Cervecerías Unidas by 33.9% during the third quarter. Genesis Investment Management LLP now owns 1,590,258 shares of the company’s stock valued at $18,495,000 after buying an additional 402,593 shares during the last quarter. Finally, Wellington Management Group LLP increased its holdings 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 valued at $22,006,000 after buying an additional 39,971 shares during the last quarter. 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.