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

Compañía Cervecerías Unidas S.A. (NYSE:CCU) passed 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.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CCU. The Goldman Sachs Group dropped their price objective 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. 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 research analysts have rated the stock with a sell rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Compañía Cervecerías Unidas has an average rating of “Hold” and an average price target of $11.03.

Compañía Cervecerías Unidas Trading Down 1.7 %

The company has a quick ratio of 1.44, a current ratio of 2.06 and a debt-to-equity ratio of 0.80. The stock’s 50 day moving average is $11.29 and its two-hundred day moving average is $11.26. The company has a market capitalization of $2.07 billion, a PE ratio of 14.96, a price-to-earnings-growth ratio of 2.34 and a beta of 0.89.

Compañía Cervecerías Unidas Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Friday, November 22nd. Investors of record on Friday, January 1st were issued a dividend of $0.1498 per share. This represents a yield of 2.4%. 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. Compañía Cervecerías Unidas’s dividend payout ratio (DPR) is presently 38.67%.

Institutional Trading of Compañía Cervecerías Unidas

A number of hedge funds have recently bought and sold shares of the stock. Ritholtz Wealth Management purchased a new stake in shares of Compañía Cervecerías Unidas during the second quarter valued at about $146,000. Blue Trust Inc. lifted its stake in shares of Compañía Cervecerías Unidas by 75.0% during the third quarter. Blue Trust Inc. now owns 31,899 shares of the company’s stock worth $363,000 after buying an additional 13,668 shares during the period. Malaga Cove Capital LLC grew its stake in Compañía Cervecerías Unidas by 39.8% during the 2nd quarter. Malaga Cove Capital LLC now owns 57,632 shares of the company’s stock valued at $656,000 after purchasing an additional 16,396 shares during the last quarter. American Century Companies Inc. increased 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 worth $903,000 after buying an additional 21,630 shares during the period. Finally, Wellington Management Group LLP raised its holdings in shares of 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 acquiring an additional 39,971 shares during the last quarter. Hedge funds and other institutional investors own 24.07% of the company’s stock.

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.