Compañía Cervecerías Unidas S.A. (NYSE:CCU – Get Free Report) saw a large growth in short interest in October. As of October 31st, there was short interest totalling 848,300 shares, a growth of 14.5% from the October 15th total of 740,800 shares. Based on an average daily volume of 199,600 shares, the short-interest ratio is currently 4.3 days.
Compañía Cervecerías Unidas Trading Up 0.2 %
NYSE:CCU opened at $10.82 on Monday. The company has a fifty day moving average of $11.02 and a 200 day moving average of $11.55. Compañía Cervecerías Unidas has a 52 week low of $10.00 and a 52 week high of $13.74. The company has a quick ratio of 1.44, a current ratio of 2.06 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $2.00 billion, a P/E ratio of 14.43, a P/E/G ratio of 1.60 and a beta of 0.88.
Compañía Cervecerías Unidas Increases Dividend
The business also recently disclosed a semi-annual dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, January 1st will be issued a $0.1498 dividend. The ex-dividend date is Friday, November 22nd. This is a positive change from Compañía Cervecerías Unidas’s previous semi-annual dividend of $0.10. This represents a yield of 2.4%. Compañía Cervecerías Unidas’s dividend payout ratio is 40.00%.
Wall Street Analyst Weigh In
View Our Latest Research Report on Compañía Cervecerías Unidas
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP raised its holdings in Compañía Cervecerías Unidas by 2.2% in the 3rd quarter. Wellington Management Group LLP now owns 1,892,147 shares of the company’s stock worth $22,006,000 after purchasing an additional 39,971 shares in the last quarter. Blue Trust Inc. raised its holdings in Compañía Cervecerías Unidas by 75.0% in the 3rd quarter. Blue Trust Inc. now owns 31,899 shares of the company’s stock worth $363,000 after purchasing an additional 13,668 shares in the last quarter. Genesis Investment Management LLP raised its holdings in Compañía Cervecerías Unidas by 33.9% in the 3rd quarter. Genesis Investment Management LLP now owns 1,590,258 shares of the company’s stock worth $18,495,000 after purchasing an additional 402,593 shares in the last quarter. First Eagle Investment Management LLC raised its holdings in 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 worth $179,143,000 after purchasing an additional 184,970 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Compañía Cervecerías Unidas by 82.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 166,734 shares of the company’s stock worth $1,897,000 after purchasing an additional 75,147 shares in the last quarter. 24.07% of the stock is currently owned by institutional investors.
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.
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