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Compañía Cervecerías Unidas (NYSE:CCU) Shares Cross Above Two Hundred Day Moving Average of $11.46

Defense World · Dec 21, 2022 02:31

Compañía Cervecerías Unidas S.A. (NYSE:CCU – Get Rating) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.46 and traded as high as $12.67. Compañía Cervecerías Unidas shares last traded at $12.25, with a volume of 233,839 shares.

Analysts Set New Price Targets

CCU has been the topic of several analyst reports. JPMorgan Chase & Co. upped their price objective on Compañía Cervecerías Unidas from $13.00 to $14.00 and gave the company a "neutral" rating in a research note on Friday, November 25th. StockNews.com initiated coverage on Compañía Cervecerías Unidas in a research note on Wednesday, October 12th. They set a "buy" rating for the company. Finally, HSBC downgraded shares of Compañía Cervecerías Unidas from a "buy" rating to a "hold" rating and reduced their target price for the company from $15.00 to $13.00 in a research note on Monday, November 14th.

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Compañía Cervecerías Unidas Stock Up 0.6 %

The firm has a market capitalization of $2.26 billion, a price-to-earnings ratio of 12.63 and a beta of 0.80. The firm has a fifty day moving average price of $11.40 and a 200 day moving average price of $11.46. The company has a current ratio of 2.04, a quick ratio of 1.41 and a debt-to-equity ratio of 0.77.

Compañía Cervecerías Unidas (NYSE:CCU – Get Rating) last issued its quarterly earnings data on Tuesday, November 8th. The company reported $0.10 earnings per share (EPS) for the quarter. The firm had revenue of $736.78 million during the quarter, compared to the consensus estimate of $775.16 million. Compañía Cervecerías Unidas had a return on equity of 10.75% and a net margin of 5.66%. Sell-side analysts anticipate that Compañía Cervecerías Unidas S.A. will post 0.75 EPS for the current fiscal year.

Compañía Cervecerías Unidas Announces Dividend

The business also recently declared a — dividend, which will be paid on Friday, January 13th. Investors of record on Friday, December 23rd will be given a dividend of $0.312 per share. The ex-dividend date of this dividend is Thursday, December 22nd. This represents a yield of 4.1%. Compañía Cervecerías Unidas's dividend payout ratio (DPR) is 29.90%.

Hedge Funds Weigh In On Compañía Cervecerías Unidas

Large investors have recently modified their holdings of the stock. Toroso Investments LLC raised its position in Compañía Cervecerías Unidas by 33.5% in the 3rd quarter. Toroso Investments LLC now owns 19,077 shares of the company's stock worth $206,000 after purchasing an additional 4,783 shares during the last quarter. Marshall Wace LLP raised its position in shares of Compañía Cervecerías Unidas by 114.4% during the third quarter. Marshall Wace LLP now owns 563,121 shares of the company's stock worth $6,069,000 after acquiring an additional 300,523 shares during the last quarter. Ethic Inc. raised its position in shares of Compañía Cervecerías Unidas by 31.6% during the third quarter. Ethic Inc. now owns 23,042 shares of the company's stock worth $248,000 after acquiring an additional 5,528 shares during the last quarter. Euro Pacific Asset Management LLC lifted its stake in shares of Compañía Cervecerías Unidas by 1.5% during the third quarter. Euro Pacific Asset Management LLC now owns 321,536 shares of the company's stock valued at $3,470,000 after acquiring an additional 4,643 shares during the period. Finally, BlackRock Inc. boosted its holdings in Compañía Cervecerías Unidas by 63.2% in the third quarter. BlackRock Inc. now owns 387,770 shares of the company's stock valued at $4,180,000 after acquiring an additional 150,231 shares during the last quarter. 17.89% of the stock is currently owned by institutional investors and hedge funds.

Compañía Cervecerías Unidas Company Profile

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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.