Compañía Cervecerías Unidas S.A. (NYSE:CCU) Short Interest Update

Compañía Cervecerías Unidas S.A. (NYSE:CCU) was the target of a significant growth in short interest in October. As of October 31st, there was short interest totalling 848,300 shares, a growth of 14.5% from the October 15th total of 740,800 shares. Based on an average daily trading volume, of 199,600 shares, the days-to-cover ratio is presently 4.3 days.

Analyst Ratings Changes

A number of analysts have recently issued reports on CCU shares. StockNews.com raised Compañía Cervecerías Unidas from a “hold” rating to a “buy” rating in a research note on Tuesday, August 20th. Scotiabank raised Compañía Cervecerías Unidas from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. downgraded Compañía Cervecerías Unidas from an “overweight” rating to an “underweight” rating and cut their price objective for the company from $21.00 to $10.00 in a report on Thursday, August 8th. Finally, The Goldman Sachs Group cut their price objective on Compañía Cervecerías Unidas from $10.50 to $9.40 and set a “sell” rating on the stock in a report on Tuesday, November 12th. Three equities research analysts have rated the stock with a sell rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Compañía Cervecerías Unidas currently has an average rating of “Hold” and a consensus price target of $12.08.

Institutional Investors Weigh In On Compañía Cervecerías Unidas

Several large investors have recently bought and sold shares of the stock. Wellington Management Group LLP boosted its position in shares of Compañía Cervecerías Unidas by 2.2% during the 3rd quarter. Wellington Management Group LLP now owns 1,892,147 shares of the company’s stock worth $22,006,000 after acquiring an additional 39,971 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Compañía Cervecerías Unidas by 75.0% in the 3rd quarter. Blue Trust Inc. now owns 31,899 shares of the company’s stock valued at $363,000 after purchasing an additional 13,668 shares during the last quarter. Genesis Investment Management LLP grew its stake in shares of Compañía Cervecerías Unidas by 33.9% in the 3rd quarter. Genesis Investment Management LLP now owns 1,590,258 shares of the company’s stock valued at $18,495,000 after purchasing an additional 402,593 shares during the last quarter. First Eagle Investment Management LLC grew its stake in shares of 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 purchasing an additional 184,970 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Compañía Cervecerías Unidas by 82.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 166,734 shares of the company’s stock valued at $1,897,000 after purchasing an additional 75,147 shares during the last quarter. Hedge funds and other institutional investors own 24.07% of the company’s stock.

Compañía Cervecerías Unidas Trading Up 0.7 %

Shares of CCU stock traded up $0.08 on Monday, hitting $10.90. The stock had a trading volume of 3,047 shares, compared to its average volume of 152,489. The company’s 50 day moving average price is $11.02 and its 200-day moving average price is $11.55. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.06 and a quick ratio of 1.44. Compañía Cervecerías Unidas has a 1 year low of $10.00 and a 1 year high of $13.74. The firm has a market capitalization of $2.01 billion, a P/E ratio of 14.43, a P/E/G ratio of 1.60 and a beta of 0.88.

Compañía Cervecerías Unidas Increases Dividend

The business 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 dividend of $0.1498 per share. This is an increase from Compañía Cervecerías Unidas’s previous semi-annual dividend of $0.10. The ex-dividend date of this dividend is Friday, November 22nd. This represents a yield of 2.4%. Compañía Cervecerías Unidas’s dividend payout ratio is 40.00%.

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.