The Goldman Sachs Group Has Lowered Expectations for Compañía Cervecerías Unidas (NYSE:CCU) Stock Price

Compañía Cervecerías Unidas (NYSE:CCU) had its target price decreased by The Goldman Sachs Group from $10.50 to $9.40 in a report published on Tuesday,Benzinga reports. The Goldman Sachs Group currently has a sell rating on the stock.

A number of other equities analysts also recently weighed in on CCU. JPMorgan Chase & Co. downgraded shares of Compañía Cervecerías Unidas from an “overweight” rating to an “underweight” rating and cut their price target for the stock from $21.00 to $10.00 in a research note on Thursday, August 8th. Scotiabank raised Compañía Cervecerías Unidas from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 7th. Finally, StockNews.com raised Compañía Cervecerías Unidas from a “hold” rating to a “buy” rating in a research report on Tuesday, August 20th. Three equities research analysts have rated the stock with a sell rating, two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Compañía Cervecerías Unidas presently has an average rating of “Hold” and a consensus target price of $12.08.

Compañía Cervecerías Unidas Price Performance

Shares of CCU stock opened at $10.84 on Tuesday. The firm’s 50-day simple moving average is $11.02 and its 200-day simple moving average is $11.56. The company has a current ratio of 2.06, a quick ratio of 1.44 and a debt-to-equity ratio of 0.80. Compañía Cervecerías Unidas has a 1-year low of $10.00 and a 1-year high of $13.74.

Compañía Cervecerías Unidas Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, January 1st will be issued 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 is Friday, November 22nd. This represents a dividend yield of 2.4%. Compañía Cervecerías Unidas’s payout ratio is presently 29.33%.

Institutional Investors Weigh In On Compañía Cervecerías Unidas

Institutional investors and hedge funds have recently modified their holdings of the stock. Ritholtz Wealth Management acquired a new stake in Compañía Cervecerías Unidas during the 2nd quarter valued at $146,000. Blue Trust Inc. boosted its position in Compañía Cervecerías Unidas by 55.3% in the 2nd quarter. Blue Trust Inc. now owns 18,231 shares of the company’s stock valued at $219,000 after buying an additional 6,495 shares during the last quarter. Naples Global Advisors LLC grew its stake in shares of Compañía Cervecerías Unidas by 12.6% during the second quarter. Naples Global Advisors LLC now owns 33,595 shares of the company’s stock valued at $382,000 after acquiring an additional 3,750 shares in the last quarter. Malaga Cove Capital LLC increased its position in shares of Compañía Cervecerías Unidas by 39.8% during 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. increased its position in shares of Compañía Cervecerías Unidas by 37.5% during the second quarter. American Century Companies Inc. now owns 79,367 shares of the company’s stock worth $903,000 after acquiring an additional 21,630 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.