Heineken (OTCMKTS:HEINY) Sees Large Volume Increase - Here's Why

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.

Heineken NV (OTCMKTS:HEINY - Get Free Report) shares saw strong trading volume on Tuesday . 1,142,872 shares changed hands during mid-day 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

Several equities analysts have commented on HEINY shares. HSBC raised shares of Heineken from a "hold" rating to a "buy" rating in a report on Wednesday, July 30th. Hsbc Global Res upgraded shares of Heineken to a "strong-buy" rating in a report on Wednesday, July 30th. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Heineken presently has an average rating of "Buy".

Heineken Stock Performance

The company has a quick ratio of 0.51, a current ratio of 0.77 and a debt-to-equity ratio of 0.62. The firm's 50 day moving average price is $43.77 and its 200-day moving average price is $42.19.

Heineken Cuts Dividend

The business also recently announced a dividend, which will be paid on Wednesday, August 13th. Shareholders of record on Monday, August 11th will be paid a dividend of $0.3258 per share. The ex-dividend date is Friday, August 8th. This represents a yield of 207.0%.

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.