Compañía Cervecerías Unidas (NYSE:CCU) Stock Passes Above 200-Day Moving Average – Should You Sell?

Shares of Compañía Cervecerías Unidas S.A. (NYSE:CCU) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.26 and traded as high as $11.45. Compañía Cervecerías Unidas shares last traded at $11.41, with a volume of 160,503 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. 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 for the company in a report on Tuesday, November 12th. 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, one has given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Compañía Cervecerías Unidas presently has an average rating of “Hold” and an average target price of $11.03.

Compañía Cervecerías Unidas Trading Down 1.7 %

The firm has a market cap of $2.07 billion, a price-to-earnings ratio of 14.96, a P/E/G ratio of 2.34 and a beta of 0.89. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.06 and a quick ratio of 1.44. The company’s 50 day simple moving average is $11.29 and its 200 day simple moving average is $11.26.

Compañía Cervecerías Unidas Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, January 1st were given a dividend of $0.1498 per share. The ex-dividend date of this dividend was Friday, November 22nd. This is an increase from Compañía Cervecerías Unidas’s previous semi-annual dividend of $0.10. This represents a dividend yield of 2.4%. Compañía Cervecerías Unidas’s payout ratio is currently 38.67%.

Institutional Trading of Compañía Cervecerías Unidas

Hedge funds have recently added to or reduced their stakes in the company. Ritholtz Wealth Management acquired a new stake in Compañía Cervecerías Unidas in the second quarter valued at $146,000. Blue Trust Inc. increased its holdings in shares of Compañía Cervecerías Unidas by 75.0% in the 3rd quarter. Blue Trust Inc. now owns 31,899 shares of the company’s stock valued at $363,000 after acquiring an additional 13,668 shares during the period. Malaga Cove Capital LLC raised its holdings in shares of Compañía Cervecerías Unidas by 39.8% in 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 last quarter. American Century Companies Inc. raised its stake in 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 acquiring an additional 21,630 shares during the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of Compañía Cervecerías Unidas by 2.2% during the third 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 during the last quarter. Institutional investors and hedge funds 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.