Compañía Cervecerías Unidas (NYSE:CCU) Trading Up 4.7% – What’s Next?

Compañía Cervecerías Unidas S.A. (NYSE:CCU)’s share price rose 4.7% during trading on Wednesday . The company traded as high as $11.97 and last traded at $11.88. Approximately 433,907 shares traded hands during trading, an increase of 173% from the average daily volume of 158,970 shares. The stock had previously closed at $11.35.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on CCU shares. Scotiabank upgraded shares of Compañía Cervecerías Unidas from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 7th. The Goldman Sachs Group cut their price target on Compañía Cervecerías Unidas from $10.50 to $9.40 and set a “sell” rating for the company in a report on Tuesday, November 12th. Finally, StockNews.com raised Compañía Cervecerías Unidas from a “hold” rating to a “buy” rating in a report on Tuesday, August 20th. Three equities research analysts have rated the stock with a sell rating, one has given 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 an average target price of $11.03.

Compañía Cervecerías Unidas Stock Up 2.1 %

The firm’s fifty day moving average is $11.25 and its 200-day moving average is $11.32. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.44 and a current ratio of 2.06. The company has a market capitalization of $2.14 billion, a P/E ratio of 15.45, a price-to-earnings-growth ratio of 2.34 and a beta of 0.90.

Compañía Cervecerías Unidas Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Friday, November 22nd. Investors of record on Friday, January 1st were issued a $0.1498 dividend. This represents a yield of 2.4%. This is an increase from Compañía Cervecerías Unidas’s previous semi-annual dividend of $0.10. The ex-dividend date of this dividend was Friday, November 22nd. Compañía Cervecerías Unidas’s dividend payout ratio is presently 38.67%.

Institutional Investors Weigh In On Compañía Cervecerías Unidas

Several large investors have recently modified their holdings of the company. First Eagle Investment Management LLC raised its stake in Compañía Cervecerías Unidas by 1.2% during the 2nd quarter. First Eagle Investment Management LLC now owns 15,741,885 shares of the company’s stock worth $179,143,000 after buying an additional 184,970 shares during the period. Wellington Management Group LLP lifted 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 valued at $22,006,000 after buying an additional 39,971 shares in the last quarter. Genesis Investment Management LLP lifted its stake in shares of Compañía Cervecerías Unidas by 33.9% in the third quarter. Genesis Investment Management LLP now owns 1,590,258 shares of the company’s stock valued at $18,495,000 after buying an additional 402,593 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Compañía Cervecerías Unidas by 82.0% during the second quarter. Dimensional Fund Advisors LP now owns 166,734 shares of the company’s stock valued at $1,897,000 after buying an additional 75,147 shares during the last quarter. Finally, Privium Fund Management UK Ltd increased its position in shares of Compañía Cervecerías Unidas by 98.1% during the second quarter. Privium Fund Management UK Ltd now owns 120,892 shares of the company’s stock worth $1,348,000 after acquiring an additional 59,863 shares in the last quarter. 24.07% of the stock is currently owned by institutional investors and hedge funds.

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.