Compañía Cervecerías Unidas (NYSE:CCU) Shares Up 1.7% – Time to Buy?

Shares of Compañía Cervecerías Unidas S.A. (NYSE:CCU) were up 1.7% on Monday . The company traded as high as $11.71 and last traded at $11.64. Approximately 267,460 shares traded hands during mid-day trading, an increase of 73% from the average daily volume of 154,469 shares. The stock had previously closed at $11.45.

Analysts Set New Price Targets

CCU has been the subject of several analyst reports. Scotiabank upgraded Compañía Cervecerías Unidas from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 7th. The Goldman Sachs Group dropped 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. Finally, StockNews.com upgraded shares of Compañía Cervecerías Unidas from a “hold” rating to a “buy” rating in a research report on Tuesday, August 20th. Three 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, the stock has a consensus rating of “Hold” and a consensus target price of $11.03.

Compañía Cervecerías Unidas Stock Performance

The business’s 50 day moving average price is $11.21 and its two-hundred day moving average price is $11.34. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.44 and a current ratio of 2.06.

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 $0.1498 dividend. This represents a dividend 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 was Friday, November 22nd. Compañía Cervecerías Unidas’s dividend payout ratio is 40.00%.

Institutional Trading of Compañía Cervecerías Unidas

Several hedge funds have recently made changes to their positions in the business. First Eagle Investment Management LLC raised its holdings in shares of 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 valued at $179,143,000 after purchasing an additional 184,970 shares in the last quarter. Ninety One UK Ltd purchased a new position in Compañía Cervecerías Unidas in the second quarter valued at $2,121,000. Privium Fund Management UK Ltd lifted its position in shares of Compañía Cervecerías Unidas by 98.1% during the 2nd quarter. Privium Fund Management UK Ltd now owns 120,892 shares of the company’s stock valued at $1,348,000 after buying an additional 59,863 shares in the last quarter. American Century Companies Inc. raised its position in shares of Compañía Cervecerías Unidas by 37.5% during 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 during the last quarter. Finally, Naples Global Advisors LLC increased its position 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 worth $382,000 after purchasing an additional 3,750 shares in the last quarter. 24.07% of the stock is currently owned by hedge funds and other institutional investors.

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.