Brokerages Set Compañía Cervecerías Unidas S.A. (NYSE:CCU) Target Price at $12.08

Compañía Cervecerías Unidas S.A. (NYSE:CCU) has been assigned a consensus rating of “Hold” from the five ratings firms that are currently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $12.08.

A number of brokerages have recently weighed in on CCU. JPMorgan Chase & Co. lowered shares of Compañía Cervecerías Unidas from an “overweight” rating to an “underweight” rating and reduced their price objective for the company from $21.00 to $10.00 in a report on Thursday, August 8th. The Goldman Sachs Group dropped their target price on shares of Compañía Cervecerías Unidas from $10.50 to $9.40 and set a “sell” rating on the stock in a research report on Tuesday, November 12th. StockNews.com raised shares of Compañía Cervecerías Unidas from a “hold” rating to a “buy” rating in a research report on Tuesday, August 20th. Finally, Scotiabank raised Compañía Cervecerías Unidas from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 7th.

Compañía Cervecerías Unidas Stock Up 1.8 %

Shares of NYSE CCU opened at $11.01 on Friday. The business’s fifty day simple moving average is $11.03 and its 200-day simple moving average is $11.54. The company has a current ratio of 2.06, a quick ratio of 1.44 and a debt-to-equity ratio of 0.80. The stock has a market cap of $2.03 billion, a P/E ratio of 14.68, a PEG ratio of 1.60 and a beta of 0.88. Compañía Cervecerías Unidas has a 12-month low of $10.00 and a 12-month high of $13.74.

Compañía Cervecerías Unidas Increases Dividend

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

Institutional Investors Weigh In On Compañía Cervecerías Unidas

Several hedge funds have recently made changes to their positions in CCU. Naples Global Advisors LLC raised its stake in Compañía Cervecerías Unidas by 12.6% during the 2nd quarter. Naples Global Advisors LLC now owns 33,595 shares of the company’s stock valued at $382,000 after acquiring an additional 3,750 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Compañía Cervecerías Unidas by 55.3% during the second quarter. Blue Trust Inc. now owns 18,231 shares of the company’s stock worth $219,000 after purchasing an additional 6,495 shares during the period. Ritholtz Wealth Management acquired a new stake in shares of Compañía Cervecerías Unidas during the second quarter worth $146,000. Malaga Cove Capital LLC grew its position in Compañía Cervecerías Unidas by 39.8% in the 2nd quarter. Malaga Cove Capital LLC now owns 57,632 shares of the company’s stock valued at $656,000 after buying an additional 16,396 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in Compañía Cervecerías Unidas by 37.5% in the 2nd quarter. American Century Companies Inc. now owns 79,367 shares of the company’s stock valued at $903,000 after buying an additional 21,630 shares during the period. Institutional investors and hedge funds own 24.07% of the company’s stock.

About Compañía Cervecerías Unidas

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.