Compañía Cervecerías Unidas (NYSE:CCU) Stock Crosses Above Two Hundred 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 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 Ratings Changes

CCU has been the subject of a number of recent analyst reports. 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 report on Tuesday, November 12th. Scotiabank upgraded 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 assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $11.03.

Compañía Cervecerías Unidas Price Performance

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 company has a market capitalization of $2.07 billion, a price-to-earnings ratio of 14.96, a PEG ratio of 2.34 and a beta of 0.90. The stock's 50-day simple moving average is $11.29 and its two-hundred day simple moving average is $11.26.

Compañía Cervecerías Unidas Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Friday, November 22nd. Investors of record on Friday, January 1st were paid a $0.1498 dividend. 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. This represents a yield of 2.4%. Compañía Cervecerías Unidas's dividend payout ratio (DPR) is currently 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. Ritholtz Wealth Management acquired a new stake in shares of Compañía Cervecerías Unidas in the second quarter valued at about $146,000. Blue Trust Inc. grew its stake in Compañía Cervecerías Unidas by 75.0% during the 3rd quarter. Blue Trust Inc. now owns 31,899 shares of the company's stock valued at $363,000 after acquiring an additional 13,668 shares in the last quarter. Malaga Cove Capital LLC raised its holdings in Compañía Cervecerías Unidas by 39.8% in 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 during the last quarter. American Century Companies Inc. lifted its stake 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 purchasing an additional 21,630 shares in the last quarter. Finally, Wellington Management Group LLP boosted its holdings in shares of Compañía Cervecerías Unidas by 2.2% during the 3rd 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. 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.