Compañía Cervecerías Unidas S.A. (NYSE:CCU) Short Interest Up 14.5% in October

Compañía Cervecerías Unidas S.A. (NYSE:CCU) 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

A number of equities research analysts have recently issued reports on CCU shares. StockNews.com raised shares of Compañía Cervecerías Unidas from a “hold” rating to a “buy” rating in a research note on Tuesday, August 20th. The Goldman Sachs Group cut their price objective on shares of Compañía Cervecerías Unidas from $10.50 to $9.40 and set a “sell” rating for the company in a research note on Tuesday, November 12th. JPMorgan Chase & Co. lowered shares of Compañía Cervecerías Unidas from an “overweight” rating to an “underweight” rating and lowered their price target for the company from $21.00 to $10.00 in a report on Thursday, August 8th. Finally, Scotiabank upgraded shares of Compañía Cervecerías Unidas from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 7th. Three analysts have rated the stock with a sell rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $12.08.

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.