Compañía Cervecerías Unidas S.A. (NYSE:CCU) Given Consensus Recommendation of “Hold” by Analysts

Shares of Compañía Cervecerías Unidas S.A. (NYSE:CCU) have been assigned a consensus rating of “Hold” from the five research firms that are currently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $12.08.

Several research analysts recently weighed in on the stock. Scotiabank upgraded shares of Compañía Cervecerías Unidas from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. cut shares of Compañía Cervecerías Unidas from an “overweight” rating to an “underweight” rating and lowered their price objective for the company from $21.00 to $10.00 in a research report on Thursday, August 8th. 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 for the company in a research report on Tuesday. Finally, StockNews.com upgraded Compañía Cervecerías Unidas from a “hold” rating to a “buy” rating in a research report on Tuesday, August 20th.

Compañía Cervecerías Unidas Trading Up 0.4 %

Shares of CCU stock opened at $10.84 on Friday. Compañía Cervecerías Unidas has a 52-week low of $10.00 and a 52-week high of $13.74. The business’s fifty day moving average is $11.02 and its 200 day moving average is $11.56. 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 business also recently declared a semi-annual dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, January 1st will be issued a $0.1498 dividend. The ex-dividend date is Friday, November 22nd. This represents a yield of 2.4%. This is a boost from Compañía Cervecerías Unidas’s previous semi-annual dividend of $0.10. Compañía Cervecerías Unidas’s payout ratio is 29.33%.

Institutional Investors Weigh In On Compañía Cervecerías Unidas

Large investors have recently modified their holdings of the stock. Ritholtz Wealth Management bought a new position in shares of Compañía Cervecerías Unidas in the 2nd quarter worth approximately $146,000. Blue Trust Inc. grew its stake in Compañía Cervecerías Unidas by 55.3% in the second quarter. Blue Trust Inc. now owns 18,231 shares of the company’s stock worth $219,000 after purchasing an additional 6,495 shares during the period. Naples Global Advisors LLC raised 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 in the last quarter. Malaga Cove Capital LLC lifted its position in Compañía Cervecerías Unidas by 39.8% during the second 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 during the period. Finally, American Century Companies Inc. boosted its holdings in shares of Compañía Cervecerías Unidas by 37.5% during the 2nd quarter. American Century Companies Inc. now owns 79,367 shares of the company’s stock valued at $903,000 after buying an additional 21,630 shares in the last quarter. Institutional investors 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.