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

Compañía Cervecerías Unidas (NYSE:CCU) had its price target reduced by The Goldman Sachs Group from $10.50 to $9.40 in a research report sent to investors on Tuesday morning,Benzinga reports. The Goldman Sachs Group currently has a sell rating on the stock.

Other equities analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. cut shares of Compañía Cervecerías Unidas from an “overweight” rating to an “underweight” rating and cut their target price for the stock from $21.00 to $10.00 in a report on Thursday, August 8th. Scotiabank upgraded Compañía Cervecerías Unidas from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 7th. Finally, StockNews.com upgraded Compañía Cervecerías Unidas from a “hold” rating to a “buy” rating in a research report on Tuesday, August 20th. 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’s stock. According to data from MarketBeat, Compañía Cervecerías Unidas presently has an average rating of “Hold” and an average price target of $12.08.

Compañía Cervecerías Unidas Stock Performance

CCU stock opened at $10.84 on Tuesday. Compañía Cervecerías Unidas has a 1-year low of $10.00 and a 1-year high of $13.74. The firm has a fifty day moving average price of $11.02 and a two-hundred day moving average price of $11.56. The company has a current ratio of 2.06, a quick ratio of 1.44 and a debt-to-equity ratio of 0.80.

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 paid a $0.1498 dividend. The ex-dividend date is Friday, November 22nd. This represents a dividend 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 (DPR) is presently 29.33%.

Hedge Funds Weigh In On Compañía Cervecerías Unidas

Several hedge funds and other institutional investors have recently made changes to their positions in the business. 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 in the last quarter. Blue Trust Inc. boosted its stake in Compañía Cervecerías Unidas by 55.3% during the 2nd quarter. Blue Trust Inc. now owns 18,231 shares of the company’s stock valued at $219,000 after purchasing an additional 6,495 shares in the last quarter. Ninety One UK Ltd bought a new position in Compañía Cervecerías Unidas during the 2nd quarter valued at $2,121,000. Ritholtz Wealth Management acquired a new position in shares of Compañía Cervecerías Unidas during the 2nd quarter valued at $146,000. Finally, Privium Fund Management UK Ltd raised its stake in shares of 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 buying an additional 59,863 shares in the last quarter. 24.07% of the stock is currently owned by institutional investors and hedge funds.

Compañía Cervecerías Unidas Company Profile

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.