The Goldman Sachs Group Lowers Compañía Cervecerías Unidas (NYSE:CCU) Price Target to $9.40

Compañía Cervecerías Unidas (NYSE:CCU) had its price objective trimmed by The Goldman Sachs Group from $10.50 to $9.40 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a sell rating on the stock.

Several other equities analysts have also weighed in on the company. JPMorgan Chase & Co. lowered Compañía Cervecerías Unidas from an “overweight” rating to an “underweight” rating and cut their target price for the company from $21.00 to $10.00 in a research note on Thursday, August 8th. StockNews.com raised shares of Compañía Cervecerías Unidas from a “hold” rating to a “buy” rating in a report on Tuesday, August 20th. Finally, Scotiabank upgraded Compañía Cervecerías Unidas from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 7th. Three research analysts have rated the stock with a sell rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $12.08.

Compañía Cervecerías Unidas Trading Down 0.2 %

CCU stock traded down $0.02 during midday trading on Tuesday, reaching $10.78. The stock had a trading volume of 19,369 shares, compared to its average volume of 152,781. Compañía Cervecerías Unidas has a twelve month low of $10.00 and a twelve month high of $13.74. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.06 and a quick ratio of 1.44. The business has a fifty day simple moving average of $11.01 and a two-hundred day simple moving average of $11.57.

Compañía Cervecerías Unidas Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, January 1st will be issued a $0.1498 dividend. The ex-dividend date is Friday, November 22nd. This represents a yield of 2.4%. This is a positive change from Compañía Cervecerías Unidas’s previous semi-annual dividend of $0.10. Compañía Cervecerías Unidas’s dividend payout ratio is presently 29.33%.

Institutional Investors Weigh In On Compañía Cervecerías Unidas

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. First Eagle Investment Management LLC increased its stake in 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. Ninety One UK Ltd bought a new position in shares of Compañía Cervecerías Unidas during the 2nd quarter worth $2,121,000. Privium Fund Management UK Ltd increased its holdings in Compañía Cervecerías Unidas by 98.1% in the 2nd quarter. Privium Fund Management UK Ltd now owns 120,892 shares of the company’s stock worth $1,348,000 after acquiring an additional 59,863 shares during the last quarter. American Century Companies Inc. raised 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 acquiring an additional 21,630 shares during the period. Finally, Naples Global Advisors LLC lifted its holdings in Compañía Cervecerías Unidas by 12.6% during the second quarter. Naples Global Advisors LLC now owns 33,595 shares of the company’s stock valued at $382,000 after purchasing an additional 3,750 shares during the last quarter. 24.07% of the stock is owned by hedge funds and other institutional investors.

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.