Brokerages Set Compañía Cervecerías Unidas S.A. (NYSE:CCU) Price Target at $12.08

Compañía Cervecerías Unidas S.A. (NYSE:CCU) has been assigned a consensus rating of “Reduce” from the four brokerages that are presently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $11.03.

CCU has been the topic of a number of research analyst reports. Scotiabank upgraded Compañía Cervecerías Unidas from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 7th. The Goldman Sachs Group dropped their target price on Compañía Cervecerías Unidas from $10.50 to $9.40 and set a “sell” rating for the company in a report on Tuesday, November 12th. StockNews.com upgraded shares of Compañía Cervecerías Unidas from a “hold” rating to a “buy” rating in a research note on Tuesday, August 20th. Finally, JPMorgan Chase & Co. cut shares of Compañía Cervecerías Unidas from an “overweight” rating to an “underweight” rating and dropped their price objective for the stock from $21.00 to $10.00 in a research note on Thursday, August 8th.

Compañía Cervecerías Unidas Price Performance

Shares of NYSE CCU opened at $10.93 on Friday. Compañía Cervecerías Unidas has a twelve month low of $10.00 and a twelve month high of $13.74. The company has a market cap of $2.02 billion, a PE ratio of 14.57, a price-to-earnings-growth ratio of 1.62 and a beta of 0.88. The business’s 50 day moving average price is $11.08 and its two-hundred day moving average price is $11.52. The company has a quick ratio of 1.44, a current ratio of 2.06 and a debt-to-equity ratio of 0.80.

Compañía Cervecerías Unidas Increases Dividend

The company also recently declared 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 a positive change from Compañía Cervecerías Unidas’s previous semi-annual dividend of $0.10. The ex-dividend date of this dividend was Friday, November 22nd. This represents a dividend yield of 2.4%. Compañía Cervecerías Unidas’s dividend payout ratio (DPR) is currently 40.00%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Ritholtz Wealth Management bought a new position in shares of Compañía Cervecerías Unidas in the 2nd quarter valued at $146,000. Blue Trust Inc. grew its position in Compañía Cervecerías Unidas by 55.3% in the second 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 last quarter. Naples Global Advisors LLC raised its stake in Compañía Cervecerías Unidas by 12.6% during the second quarter. Naples Global Advisors LLC now owns 33,595 shares of the company’s stock worth $382,000 after acquiring an additional 3,750 shares in the last quarter. Malaga Cove Capital LLC lifted its holdings in shares of Compañía Cervecerías Unidas by 39.8% in the second quarter. Malaga Cove Capital LLC now owns 57,632 shares of the company’s stock worth $656,000 after acquiring an additional 16,396 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of 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 purchasing an additional 21,630 shares in the last quarter. 24.07% of the stock is currently 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.