Compañía Cervecerías Unidas (NYSE:CCU) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Compañía Cervecerías Unidas S.A. (NYSE:CCU) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.28 and traded as high as $11.63. Compañía Cervecerías Unidas shares last traded at $11.56, with a volume of 42,741 shares traded.

Analysts Set New Price Targets

Several brokerages have recently commented on CCU. Scotiabank upgraded Compañía Cervecerías Unidas from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 7th. The Goldman Sachs Group cut their target price on shares of Compañía Cervecerías Unidas from $10.50 to $9.40 and set a “sell” rating on the stock in a research report on Tuesday, November 12th. Three research 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 stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $11.03.

Compañía Cervecerías Unidas Trading Up 0.2 %

The company has a 50-day moving average price of $11.31 and a 200 day moving average price of $11.28. The stock has a market capitalization of $2.14 billion, a P/E ratio of 15.44, a price-to-earnings-growth ratio of 2.34 and a beta of 0.90. 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 Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, January 1st were issued a $0.1498 dividend. This is a boost from Compañía Cervecerías Unidas’s previous semi-annual dividend of $0.10. This represents a dividend yield of 2.4%. The ex-dividend date of this dividend was Friday, November 22nd. Compañía Cervecerías Unidas’s dividend payout ratio (DPR) is currently 38.67%.

Institutional Investors Weigh In On Compañía Cervecerías Unidas

Hedge funds and other institutional investors have recently bought and sold shares of the company. First Eagle Investment Management LLC grew its holdings in Compañía Cervecerías Unidas by 1.2% in the second quarter. First Eagle Investment Management LLC now owns 15,741,885 shares of the company’s stock worth $179,143,000 after purchasing an additional 184,970 shares during the last quarter. Wellington Management Group LLP grew its stake in 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 buying an additional 39,971 shares during the last quarter. Genesis Investment Management LLP increased its position in Compañía Cervecerías Unidas by 33.9% during the 3rd 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 raised its stake in Compañía Cervecerías Unidas by 82.0% in 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 boosted its holdings in Compañía Cervecerías Unidas by 98.1% in 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. 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.