Compañía Cervecerías Unidas (NYSE:CCU) Sees Large Volume Increase – Here’s What Happened

Compañía Cervecerías Unidas S.A. (NYSE:CCU) shares saw unusually-high trading volume on Monday . Approximately 82,738 shares were traded during mid-day trading, a decline of 49% from the previous session’s volume of 163,123 shares.The stock last traded at $11.67 and had previously closed at $11.61.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on CCU shares. The Goldman Sachs Group lowered their price target 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. Scotiabank upgraded Compañía Cervecerías Unidas from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 7th. Three equities research analysts have rated the stock with a sell rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Compañía Cervecerías Unidas has an average rating of “Hold” and an average target price of $11.03.

Compañía Cervecerías Unidas Stock Up 0.8 %

The company has a current ratio of 2.06, a quick ratio of 1.44 and a debt-to-equity ratio of 0.80. The firm has a market cap of $2.17 billion, a price-to-earnings ratio of 15.65, a PEG ratio of 2.34 and a beta of 0.89. The firm’s 50 day simple moving average is $11.36 and its two-hundred day simple moving average is $11.26.

Compañía Cervecerías Unidas Increases Dividend

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

Hedge Funds Weigh In On Compañía Cervecerías Unidas

A number of hedge funds have recently added to or reduced their stakes in the stock. Wellington Management Group LLP grew its holdings in shares of Compañía Cervecerías Unidas by 2.2% during 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. lifted its position in Compañía Cervecerías Unidas by 75.0% during the third quarter. Blue Trust Inc. now owns 31,899 shares of the company’s stock worth $363,000 after purchasing an additional 13,668 shares during the period. Genesis Investment Management LLP grew its stake in Compañía Cervecerías Unidas by 33.9% during the third quarter. Genesis Investment Management LLP now owns 1,590,258 shares of the company’s stock worth $18,495,000 after buying an additional 402,593 shares in the last quarter. First Eagle Investment Management LLC increased 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 valued at $179,143,000 after buying an additional 184,970 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Compañía Cervecerías Unidas by 82.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 166,734 shares of the company’s stock valued at $1,897,000 after buying an additional 75,147 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.