Heineken (OTCMKTS:HEINY) Sees Large Volume Increase - Time to Buy?

Key Points

• Heineken saw a significant increase in trading volume, with 1,142,872 shares traded, marking an uptick of 580% from the previous session.
• Analysts have raised their ratings for Heineken, with HSBC Global Res upgrading to a "strong-buy" status, contributing to a consensus rating of "Buy" among multiple analysts.
• The company has announced a dividend of $0.3258 per share, which carries a yield of 207.0% and is set to be paid on August 13th.

Shares of Heineken NV (OTCMKTS:HEINY - Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 1,142,872 shares changed hands during trading, an increase of 580% from the previous session's volume of 168,010 shares.The stock last traded at $39.34 and had previously closed at $39.43.

Wall Street Analyst Weigh In

HEINY has been the subject of several analyst reports. Hsbc Global Res upgraded Heineken to a "strong-buy" rating in a report on Wednesday, July 30th. HSBC upgraded Heineken from a "hold" rating to a "buy" rating in a report on Wednesday, July 30th. One analyst has rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Buy".

Heineken Stock Down 0.3%

The firm has a fifty day moving average of $43.68 and a 200 day moving average of $42.28. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.77 and a quick ratio of 0.51.

Heineken Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, August 13th. Investors of record on Monday, August 11th will be issued a $0.3258 dividend. This represents a yield of 207.0%. The ex-dividend date is Friday, August 8th.

Heineken Company Profile

Heineken N.V. brews and sells beer and cider in the Americas, Europe, Africa, the Middle East, Eastern Europe, and the Asia Pacific. The company provides soft drinks and water. It offers its beers under the Heineken, Heineken Light, Orchard Thieves, Orchard Thieves Light, Birra Moretti, Coors, Murphy's and Beamish Stouts, Desperados, Tiger, Sol, and Foster's brand, as well as under regional and local brands.