Compañía Cervecerías Unidas S.A. (NYSE:CCU) Receives Average Rating of “Reduce” from Analysts

Shares of Compañía Cervecerías Unidas S.A. (NYSE:CCU) have earned a consensus recommendation of “Reduce” from the four ratings firms that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a sell recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $11.03.

CCU has been the subject of several recent analyst reports. StockNews.com upgraded Compañía Cervecerías Unidas from a “hold” rating to a “buy” rating in a report on Tuesday, August 20th. Scotiabank upgraded shares of Compañía Cervecerías Unidas from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. cut shares of Compañía Cervecerías Unidas from an “overweight” rating to an “underweight” rating and reduced their price target for the company from $21.00 to $10.00 in a report on Thursday, August 8th. Finally, 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 on the stock in a report on Tuesday, November 12th.

Compañía Cervecerías Unidas Price Performance

Shares of CCU stock opened at $10.93 on Friday. The company has a quick ratio of 1.44, a current ratio of 2.06 and a debt-to-equity ratio of 0.80. Compañía Cervecerías Unidas has a 12-month low of $10.00 and a 12-month high of $13.74. The firm has a fifty day moving average of $11.08 and a 200-day moving average of $11.52. The firm has a market capitalization of $2.02 billion, a price-to-earnings ratio of 14.57, a price-to-earnings-growth ratio of 1.62 and a beta of 0.88.

Compañía Cervecerías Unidas Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Friday, November 22nd. Investors of record on Friday, January 1st were given a $0.1498 dividend. The ex-dividend date was Friday, November 22nd. This represents a yield of 2.4%. This is an increase from Compañía Cervecerías Unidas’s previous semi-annual dividend of $0.10. Compañía Cervecerías Unidas’s dividend payout ratio (DPR) is 40.00%.

Hedge Funds Weigh In On Compañía Cervecerías Unidas

Large investors have recently modified their holdings of the business. Wellington Management Group LLP raised its holdings in 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 acquiring an additional 39,971 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Compañía Cervecerías Unidas by 75.0% during 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 stake in shares of Compañía Cervecerías Unidas by 33.9% during 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 boosted its holdings in shares of 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 last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Compañía Cervecerías Unidas by 82.0% in the second 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. 24.07% of the stock is currently 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.