Coca Cola HBC AG (LON:CCH) has received an average rating of “Buy” from the six brokerages that are covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a buy rating. The average 12-month price objective among brokers that have covered the stock in the last year is GBX 2,940 ($38.42).
A number of brokerages have recently weighed in on CCH. UBS Group restated a “buy” rating on shares of Coca Cola HBC in a report on Tuesday. Deutsche Bank reiterated a “buy” rating on shares of Coca Cola HBC in a research note on Tuesday. Shore Capital reiterated an “under review” rating on shares of Coca Cola HBC in a research note on Thursday, May 2nd. Finally, Credit Suisse Group reiterated an “outperform” rating on shares of Coca Cola HBC in a research note on Monday, April 15th.
Shares of CCH traded down GBX 54 ($0.71) during midday trading on Thursday, reaching GBX 2,800 ($36.59). The stock had a trading volume of 996,851 shares, compared to its average volume of 875,987. Coca Cola HBC has a 1-year low of GBX 2,224 ($29.06) and a 1-year high of GBX 2,872 ($37.53). The firm has a market capitalization of $10.36 billion and a price-to-earnings ratio of 19.54. The company has a current ratio of 1.21, a quick ratio of 0.94 and a debt-to-equity ratio of 51.48.
The business also recently declared a dividend, which will be paid on Tuesday, July 30th. Investors of record on Thursday, July 4th will be paid a dividend of €2.57 ($2.99) per share. This is a positive change from Coca Cola HBC’s previous dividend of $0.54. This represents a yield of 8.14%. The ex-dividend date of this dividend is Thursday, July 4th. Coca Cola HBC’s dividend payout ratio (DPR) is currently 0.33%.
In related news, insider Zoran Bogdanovic sold 3,550 shares of Coca Cola HBC stock in a transaction on Thursday, March 21st. The shares were sold at an average price of GBX 2,604 ($34.03), for a total transaction of £92,442 ($120,791.85). Insiders have purchased a total of 930 shares of company stock worth $2,510,420 over the last quarter.
A number of institutional investors have recently modified their holdings of CCH. California Public Employees Retirement System purchased a new position in Coca Cola HBC during the 4th quarter worth $303,000. Bank of Montreal Can purchased a new stake in shares of Coca Cola HBC in the first quarter valued at about $4,473,000. Finally, Toronto Dominion Bank purchased a new stake in shares of Coca Cola HBC in the first quarter valued at about $996,000.
Coca Cola HBC Company Profile
Coca-Cola HBC AG produces, distributes, and sells non-alcoholic ready-to-drink beverages. The company offers sparkling soft drinks; still drinks, including juices and fruit-based drinks, iced tea, and energy and sports drinks; and natural mineral, spring, and processed water. It markets and sells its products under the Coca-Cola, Fanta, Sprite, Amita, Avra, Deep RiverRock, Fruice, and Nestea brand names; and distributes third-party products, such as Monster energy drinks, and beer and premium spirits.
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