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Compañía Cervecerías Unidas (NYSE:CCU) Shares Gap Up to $13.68

Defense World · Jan 22, 2023 01:41

Compañía Cervecerías Unidas S.A. (NYSE:CCU – Get Rating) shares gapped up prior to trading on Friday . The stock had previously closed at $13.68, but opened at $14.26. Compañía Cervecerías Unidas shares last traded at $14.37, with a volume of 4,225 shares changing hands.

Analyst Ratings Changes

A number of research analysts recently commented on the company. HSBC cut Compañía Cervecerías Unidas from a "buy" rating to a "hold" rating and decreased their price objective for the company from $15.00 to $13.00 in a report on Monday, November 14th. JPMorgan Chase & Co. upgraded Compañía Cervecerías Unidas from a "neutral" rating to an "overweight" rating in a report on Friday. Finally, StockNews.com assumed coverage on Compañía Cervecerías Unidas in a report on Wednesday, October 12th. They issued a "buy" rating on the stock.

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Compañía Cervecerías Unidas Stock Performance

The firm has a fifty day simple moving average of $12.51 and a 200-day simple moving average of $11.50. The company has a market cap of $2.72 billion, a PE ratio of 15.15 and a beta of 0.74. 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 announced 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 business had revenue of $736.78 million during the quarter, compared to the consensus estimate of $775.16 million. On average, research analysts forecast that Compañía Cervecerías Unidas S.A. will post 0.75 EPS for the current fiscal year.

Compañía Cervecerías Unidas Announces Dividend

The firm also recently announced a — dividend, which was paid on Friday, January 13th. Stockholders of record on Friday, December 23rd were paid a dividend of $0.312 per share. The ex-dividend date of this dividend was Thursday, December 22nd. This represents a dividend yield of 4.1%. Compañía Cervecerías Unidas's dividend payout ratio (DPR) is 50.52%.

Institutional Investors Weigh In On Compañía Cervecerías Unidas

A number of hedge funds have recently added to or reduced their stakes in CCU. Advisor Group Holdings Inc. acquired a new stake in Compañía Cervecerías Unidas in the first quarter valued at about $26,000. American Century Companies Inc. increased its holdings in Compañía Cervecerías Unidas by 12.3% in the first quarter. American Century Companies Inc. now owns 26,174 shares of the company's stock valued at $392,000 after buying an additional 2,861 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Compañía Cervecerías Unidas by 11.0% in the first quarter. Arrowstreet Capital Limited Partnership now owns 192,041 shares of the company's stock valued at $2,873,000 after buying an additional 18,967 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Compañía Cervecerías Unidas by 13.2% in the first quarter. Renaissance Technologies LLC now owns 461,665 shares of the company's stock valued at $6,907,000 after buying an additional 54,000 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in Compañía Cervecerías Unidas by 22.3% in the first quarter. Invesco Ltd. now owns 29,938 shares of the company's stock valued at $448,000 after buying an additional 5,468 shares in the last quarter. Institutional investors and hedge funds own 18.43% of the company's stock.

About Compañía Cervecerías Unidas

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Compañía Cervecerías Unidas SA engages in the production of beverages. It operates through the following segments: Chile, International Business, and Wine. The Chile segment sells alcoholic and non-alcoholic beverages which include Heineken, Sol, Coors Tecate beer, Blue Moon beer, Kunstmann, Austral beer; and carbonated soft drinks, nectars and juices, sports and energy drinks, ice tea, and water.