Compañía Cervecerías Unidas (NYSE:CCU) Stock Price Passes Above 200 Day Moving Average of $12.06

Compañía Cervecerías Unidas S.A. (NYSE:CCU) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $12.06 and traded as high as $12.31. Compañía Cervecerías Unidas shares last traded at $12.22, with a volume of 193,560 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Compañía Cervecerías Unidas from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 8th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $13.71.

Compañía Cervecerías Unidas Price Performance

The company has a market capitalization of $2.26 billion, a price-to-earnings ratio of 18.52, a PEG ratio of 0.70 and a beta of 0.91. The company’s 50 day simple moving average is $11.87 and its 200-day simple moving average is $12.06. The company has a current ratio of 2.33, a quick ratio of 1.69 and a debt-to-equity ratio of 0.95.

Compañía Cervecerías Unidas (NYSE:CCU) last released its quarterly earnings results on Tuesday, February 27th. The company reported $0.25 earnings per share (EPS) for the quarter. Compañía Cervecerías Unidas had a net margin of 3.98% and a return on equity of 7.16%. The company had revenue of $639.60 million for the quarter. On average, equities research analysts predict that Compañía Cervecerías Unidas S.A. will post 0.85 earnings per share for the current fiscal year.

Compañía Cervecerías Unidas Cuts Dividend

The company also recently declared a Semi-Annual dividend, which will be paid on Tuesday, May 7th. Shareholders of record on Wednesday, April 24th will be paid a dividend of $0.102 per share. The ex-dividend date is Tuesday, April 23rd. This represents a dividend yield of 1.9%. Compañía Cervecerías Unidas’s dividend payout ratio is currently 22.73%.

Institutional Investors Weigh In On Compañía Cervecerías Unidas

Several hedge funds have recently modified their holdings of CCU. First Eagle Investment Management LLC boosted its position in shares of Compañía Cervecerías Unidas by 3.2% in the fourth quarter. First Eagle Investment Management LLC now owns 15,588,512 shares of the company’s stock worth $195,480,000 after acquiring an additional 485,711 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Compañía Cervecerías Unidas by 60.3% in the second quarter. Renaissance Technologies LLC now owns 740,065 shares of the company’s stock worth $9,347,000 after acquiring an additional 278,400 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Compañía Cervecerías Unidas by 13.1% in the first quarter. Wellington Management Group LLP now owns 724,068 shares of the company’s stock worth $11,317,000 after acquiring an additional 83,916 shares during the last quarter. Morgan Stanley boosted its position in shares of Compañía Cervecerías Unidas by 12.1% in the fourth quarter. Morgan Stanley now owns 443,549 shares of the company’s stock worth $5,819,000 after acquiring an additional 47,724 shares during the last quarter. Finally, BlackRock Inc. boosted its position in shares of Compañía Cervecerías Unidas by 63.2% in the third quarter. BlackRock Inc. now owns 387,770 shares of the company’s stock worth $4,180,000 after acquiring an additional 150,231 shares during the last quarter. 24.07% of the stock is owned by institutional investors and hedge funds.

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.