Compañía Cervecerías Unidas (NYSE:CCU) Stock Passes Above 200-Day Moving Average of $12.06

Compañía Cervecerías Unidas S.A. (NYSE:CCU) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $12.06 and traded as high as $12.45. Compañía Cervecerías Unidas shares last traded at $12.14, with a volume of 126,767 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com lowered Compañía Cervecerías Unidas from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 8th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.71.

Compañía Cervecerías Unidas Trading Down 3.0 %

The business’s 50 day simple moving average is $11.91 and its 200-day simple moving average is $12.06. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.33 and a quick ratio of 1.69. The stock has a market capitalization of $2.25 billion, a P/E ratio of 18.39, a PEG ratio of 0.70 and a beta of 0.91.

Compañía Cervecerías Unidas (NYSE:CCU) last posted its quarterly earnings results on Tuesday, February 27th. The company reported $0.25 earnings per share for the quarter. Compañía Cervecerías Unidas had a return on equity of 7.16% and a net margin of 3.98%. The company had revenue of $639.60 million for the quarter. As a group, analysts forecast that Compañía Cervecerías Unidas S.A. will post 0.85 EPS for the current year.

Compañía Cervecerías Unidas Cuts Dividend

The company also recently disclosed a Semi-Annual dividend, which will be paid on Tuesday, May 7th. Investors of record on Wednesday, April 24th will be paid a dividend of $0.102 per share. This represents a yield of 1.9%. The ex-dividend date is Tuesday, April 23rd. Compañía Cervecerías Unidas’s payout ratio is 30.30%.

Hedge Funds Weigh In On Compañía Cervecerías Unidas

Several institutional investors and hedge funds have recently made changes to their positions in the company. Robeco Institutional Asset Management B.V. grew its position in shares of Compañía Cervecerías Unidas by 33.1% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 160,488 shares of the company’s stock valued at $2,022,000 after purchasing an additional 39,945 shares during the period. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Compañía Cervecerías Unidas in the 3rd quarter worth $32,000. Malaga Cove Capital LLC acquired a new position in Compañía Cervecerías Unidas in the 3rd quarter worth $221,000. Jump Financial LLC increased its holdings in Compañía Cervecerías Unidas by 24.0% during the 3rd quarter. Jump Financial LLC now owns 15,000 shares of the company’s stock worth $189,000 after purchasing an additional 2,900 shares in the last quarter. Finally, First Eagle Investment Management LLC raised its stake in shares of Compañía Cervecerías Unidas by 1.3% in the 3rd quarter. First Eagle Investment Management LLC now owns 15,102,801 shares of the company’s stock valued at $190,295,000 after purchasing an additional 193,876 shares during the period. Institutional investors and hedge funds 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.