Analysts Set Compañía Cervecerías Unidas S.A. (NYSE:CCU) Price Target at $12.08

Shares of Compañía Cervecerías Unidas S.A. (NYSE:CCU) have earned a consensus recommendation of “Hold” from the five analysts that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating, one has given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $12.08.

A number of research analysts have recently commented on the company. StockNews.com raised Compañía Cervecerías Unidas from a “hold” rating to a “buy” rating in a research report on Tuesday, August 20th. The Goldman Sachs Group dropped their price objective on shares of Compañía Cervecerías Unidas from $10.50 to $9.40 and set a “sell” rating on the stock in a report on Tuesday, November 12th. JPMorgan Chase & Co. downgraded shares of Compañía Cervecerías Unidas from an “overweight” rating to an “underweight” rating and reduced their target price for the stock from $21.00 to $10.00 in a research note on Thursday, August 8th. Finally, Scotiabank upgraded shares of Compañía Cervecerías Unidas from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 7th.

Compañía Cervecerías Unidas Trading Up 0.2 %

NYSE:CCU opened at $10.94 on Friday. Compañía Cervecerías Unidas has a 12 month low of $10.00 and a 12 month 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’s 50 day moving average is $11.06 and its 200 day moving average is $11.52.

Compañía Cervecerías Unidas Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, January 1st will be given a dividend of $0.1498 per share. This represents a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, November 22nd. This is an increase from Compañía Cervecerías Unidas’s previous semi-annual dividend of $0.10. Compañía Cervecerías Unidas’s dividend payout ratio (DPR) is 29.33%.

Institutional Trading of Compañía Cervecerías Unidas

A number of hedge funds have recently made changes to their positions in the stock. Ritholtz Wealth Management bought a new position in shares of Compañía Cervecerías Unidas during the second quarter valued at about $146,000. Blue Trust Inc. grew its position in shares of Compañía Cervecerías Unidas by 55.3% in the 2nd quarter. Blue Trust Inc. now owns 18,231 shares of the company’s stock worth $219,000 after buying an additional 6,495 shares during the period. Naples Global Advisors LLC grew its holdings in Compañía Cervecerías Unidas by 12.6% in 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 during the period. Malaga Cove Capital LLC increased its position in Compañía Cervecerías Unidas by 39.8% during the 2nd quarter. Malaga Cove Capital LLC now owns 57,632 shares of the company’s stock valued at $656,000 after buying an additional 16,396 shares in the last quarter. Finally, American Century Companies Inc. raised its position in shares of Compañía Cervecerías Unidas by 37.5% in 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. 24.07% of the stock is owned by 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.