Compañía Cervecerías Unidas (NYSE:CCU) Shares Pass Above 200-Day Moving Average - Here's What Happened

Compañía Cervecerías Unidas S.A. (NYSE:CCU - Get Free Report) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $11.28 and traded as high as $11.63. Compañía Cervecerías Unidas shares last traded at $11.56, with a volume of 42,741 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CCU. The Goldman Sachs Group decreased their price target on shares of Compañía Cervecerías Unidas from $10.50 to $9.40 and set a "sell" rating for the company in a research report on Tuesday, November 12th. Scotiabank raised shares of Compañía Cervecerías Unidas from a "hold" rating to a "strong-buy" rating in a report 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. According to MarketBeat, Compañía Cervecerías Unidas currently has an average rating of "Hold" and a consensus target price of $11.03.

Compañía Cervecerías Unidas Trading Up 0.2 %

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 price-to-earnings ratio of 15.44, a PEG ratio of 2.34 and a beta of 0.90. The firm has a 50-day moving average price of $11.31 and a 200-day moving average price of $11.28.

Compañía Cervecerías Unidas Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, January 1st were given a $0.1498 dividend. 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 yield of 2.4%. Compañía Cervecerías Unidas's payout ratio is 38.67%.

Hedge Funds Weigh In On Compañía Cervecerías Unidas

Institutional investors have recently bought and sold shares of the stock. Ritholtz Wealth Management acquired a new stake in shares of Compañía Cervecerías Unidas in the second quarter worth $146,000. Blue Trust Inc. boosted its position in Compañía Cervecerías Unidas by 75.0% during the 3rd quarter. Blue Trust Inc. now owns 31,899 shares of the company's stock worth $363,000 after acquiring 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 acquiring an additional 16,396 shares in the last quarter. American Century Companies Inc. increased its holdings 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 during the period. Finally, Privium Fund Management UK Ltd lifted its position in shares of Compañía Cervecerías Unidas by 98.1% in the second quarter. Privium Fund Management UK Ltd now owns 120,892 shares of the company's stock worth $1,348,000 after purchasing an additional 59,863 shares in the last quarter. Hedge funds and other 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.