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

Compañía Cervecerías Unidas S.A. (NYSE:CCU - Get Free Report) crossed 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 changing hands.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Scotiabank raised Compañía Cervecerías Unidas from a "hold" rating to a "strong-buy" rating in a research note on Thursday, November 7th. The Goldman Sachs Group cut their price objective on shares of Compañía Cervecerías Unidas from $10.50 to $9.40 and set a "sell" rating for the company in a research note on Tuesday, November 12th. 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's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $11.03.

Compañía Cervecerías Unidas Price Performance

The firm has a fifty day moving average of $11.33 and a two-hundred day moving average of $11.26. The company has a current ratio of 2.06, a quick ratio of 1.44 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $2.14 billion, a PE ratio of 15.47, a PEG ratio of 2.34 and a beta of 0.89.

Compañía Cervecerías Unidas Increases Dividend

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in CCU. First Eagle Investment Management LLC grew its holdings in Compañía Cervecerías Unidas by 1.2% in the 2nd quarter. First Eagle Investment Management LLC now owns 15,741,885 shares of the company's stock worth $179,143,000 after acquiring an additional 184,970 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Compañía Cervecerías Unidas by 2.2% in 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. Genesis Investment Management LLP increased its holdings in 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 valued at $18,495,000 after purchasing an additional 402,593 shares during the period. Dimensional Fund Advisors LP raised its position in Compañía Cervecerías Unidas by 82.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 166,734 shares of the company's stock valued at $1,897,000 after purchasing an additional 75,147 shares during the last quarter. Finally, American Century Companies Inc. lifted 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. 24.07% of the stock is owned by hedge funds and other institutional investors.

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.