Compañía Cervecerías Unidas S.A. (NYSE:CCU – Get Rating) shares saw unusually-high trading volume on Wednesday . Approximately 5,045 shares changed hands during trading, a decline of 98% from the previous session's volume of 225,369 shares.The stock last traded at $13.28 and had previously closed at $12.83.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on CCU shares. StockNews.com began coverage on Compañía Cervecerías Unidas in a report on Wednesday, October 12th. They set a "buy" rating on the stock. JPMorgan Chase & Co. lifted their price target on shares of Compañía Cervecerías Unidas from $13.00 to $14.00 and gave the company a "neutral" rating in a research note on Friday, November 25th. Finally, HSBC lowered shares of Compañía Cervecerías Unidas from a "buy" rating to a "hold" rating and dropped their price objective for the company from $15.00 to $13.00 in a report on Monday, November 14th.
Get Compañía Cervecerías Unidas alerts:Compañía Cervecerías Unidas Price Performance
The stock has a market capitalization of $2.47 billion, a P/E ratio of 13.23 and a beta of 0.80. The business's 50 day simple moving average is $11.61 and its two-hundred day simple moving average is $11.41. The company has a quick ratio of 1.41, a current ratio of 2.04 and a debt-to-equity ratio of 0.77.
Compañía Cervecerías Unidas (NYSE:CCU – Get Rating) last posted its earnings results on Tuesday, November 8th. The company reported $0.10 earnings per share for the quarter. Compañía Cervecerías Unidas had a net margin of 5.66% and a return on equity of 10.75%. The company had revenue of $736.78 million for the quarter, compared to analyst estimates of $775.16 million. As a group, sell-side analysts forecast that Compañía Cervecerías Unidas S.A. will post 0.75 earnings per share for the current fiscal year.Compañía Cervecerías Unidas Announces Dividend
The business also recently announced a — dividend, which will be paid on Friday, January 13th. Stockholders of record on Friday, December 23rd will be issued a $0.312 dividend. The ex-dividend date of this dividend is Thursday, December 22nd. This represents a dividend yield of 4.1%. Compañía Cervecerías Unidas's dividend payout ratio is presently 50.52%.
Institutional Investors Weigh In On Compañía Cervecerías Unidas
Institutional investors have recently bought and sold shares of the stock. Toroso Investments LLC lifted its stake in Compañía Cervecerías Unidas by 33.5% during the 3rd quarter. Toroso Investments LLC now owns 19,077 shares of the company's stock valued at $206,000 after acquiring an additional 4,783 shares in the last quarter. Marshall Wace LLP lifted 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 valued at $6,069,000 after purchasing an additional 300,523 shares in the last quarter. Ethic Inc. boosted its holdings in 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 purchasing an additional 5,528 shares during the last quarter. Euro Pacific Asset Management LLC grew its position in Compañía Cervecerías Unidas by 1.5% in the 3rd quarter. Euro Pacific Asset Management LLC now owns 321,536 shares of the company's stock worth $3,470,000 after purchasing an additional 4,643 shares in the last quarter. Finally, BlackRock Inc. grew its position in Compañía Cervecerías Unidas by 63.2% in the 3rd quarter. BlackRock Inc. now owns 387,770 shares of the company's stock worth $4,180,000 after purchasing an additional 150,231 shares in the last quarter. Institutional investors own 18.43% of the company's stock.
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.
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