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Heineken (OTCMKTS:HEINY) Stock Passes Below Two Hundred Day Moving Average - Here's Why

Heineken logo with Consumer Staples background

Key Points

  • Heineken's stock price has fallen below its 200-day moving average, trading as low as $38.81 compared to an average of $42.25.
  • Recent analyst ratings for Heineken show a consensus of "Buy"**, with two analysts rating it as "Strong Buy" and others as "Hold".
  • Heineken announced a dividend of $0.3258, translating to a significant dividend yield of 207.0%, with the dividend paid on August 13th.
  • MarketBeat previews top five stocks to own in November.

Shares of Heineken NV (OTCMKTS:HEINY - Get Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $42.25 and traded as low as $38.81. Heineken shares last traded at $38.86, with a volume of 50,269 shares changing hands.

Analyst Ratings Changes

Several research firms recently commented on HEINY. Hsbc Global Res raised shares of Heineken to a "strong-buy" rating in a report on Wednesday, July 30th. HSBC raised shares of Heineken from a "hold" rating to a "buy" rating in a research report on Wednesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Heineken in a research report on Wednesday, September 10th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Buy".

View Our Latest Report on HEINY

Heineken Price Performance

The company's 50-day moving average price is $39.67 and its 200 day moving average price is $42.25.

Heineken Cuts Dividend

The business also recently announced a dividend, which was paid on Wednesday, August 13th. Stockholders of record on Monday, August 11th were given a $0.3258 dividend. This represents a dividend yield of 207.0%. The ex-dividend date of this dividend was Friday, August 8th.

About Heineken

(Get Free Report)

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.

See Also

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