Heineken (OTCMKTS:HEINY) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Heineken NV (OTCMKTS:HEINY) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $42.14 and traded as low as $40.65. Heineken shares last traded at $40.84, with a volume of 41,185 shares traded.

Analysts Set New Price Targets

HEINY has been the topic of a number of recent analyst reports. HSBC raised Heineken from a “hold” rating to a “buy” rating in a research report on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Heineken in a research report on Wednesday, September 10th. Finally, Hsbc Global Res raised Heineken to a “strong-buy” rating in a research report on Wednesday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy”.

Heineken Price Performance

The firm has a 50-day moving average price of $39.51 and a 200 day moving average price of $42.14.

Heineken Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, August 13th. Investors of record on Monday, August 11th were given a dividend of $0.3258 per share. The ex-dividend date of this dividend was 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.