Cencosud SA (NYSE:cnco) announced a dividend on Wednesday, November 16th. Investors of record on Thursday, December 1st will be given a dividend of 0.071 per share on Monday, December 19th. The ex-dividend date is Tuesday, November 29th. This is a positive change from Cencosud SA’s previous dividend of $0.04.

Shares of Cencosud SA (NYSE:CNCO) opened at 8.81 on Thursday. Cencosud SA has a 52-week low of $5.30 and a 52-week high of $10.13. The firm has a market cap of $8.35 billion, a price-to-earnings ratio of 16.22 and a beta of 0.86. The company’s 50-day moving average is $9.24 and its 200 day moving average is $8.67.

Hedge funds have recently added to or reduced their stakes in the stock. Two Sigma Advisers LP acquired a new stake in Cencosud SA during the third quarter valued at approximately $278,000. Profund Advisors LLC increased its stake in Cencosud SA by 61.3% in the third quarter. Profund Advisors LLC now owns 39,858 shares of the company’s stock valued at $359,000 after buying an additional 15,150 shares during the period. BlackRock Institutional Trust Company N.A. acquired a new stake in Cencosud SA during the third quarter valued at approximately $137,000. Parametric Portfolio Associates LLC acquired a new stake in Cencosud SA during the second quarter valued at approximately $2,838,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in Cencosud SA by 0.8% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,525 shares of the company’s stock valued at $237,000 after buying an additional 200 shares during the period. Hedge funds and other institutional investors own 0.45% of the company’s stock.

Several analysts have recently weighed in on the stock. TheStreet upgraded shares of Cencosud SA from a “hold” rating to a “buy” rating in a research report on Friday, September 2nd. Bank of America Corp. downgraded shares of Cencosud SA from a “neutral” rating to an “underperform” rating in a research report on Friday, August 26th. Finally, JPMorgan Chase & Co. downgraded shares of Cencosud SA from an “overweight” rating to a “neutral” rating in a research report on Thursday, August 18th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. Cencosud SA currently has an average rating of “Hold”.

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