Coca Cola HBC AG (LON:CCH) announced a dividend on Thursday, May 14th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, July 2nd will be paid a dividend of €0.62 ($0.70) per share on Tuesday, July 28th. This represents a yield of 3.05%. The ex-dividend date is Thursday, July 2nd. The official announcement can be accessed at this link.
Shares of Coca Cola HBC stock opened at GBX 2,049 ($25.22) on Tuesday. The company has a quick ratio of 0.94, a current ratio of 1.15 and a debt-to-equity ratio of 123.13. The company has a market cap of $7.57 billion and a PE ratio of 14.30. The business has a 50 day moving average of GBX 2,009.32 and a 200 day moving average of GBX 2,263.97. Coca Cola HBC has a 52 week low of GBX 1,393.10 ($17.14) and a 52 week high of GBX 3,094 ($38.08).
A number of equities analysts recently commented on CCH shares. Jefferies Financial Group restated a “buy” rating and set a GBX 2,300 ($28.30) target price on shares of Coca Cola HBC in a report on Thursday, April 30th. Citigroup raised Coca Cola HBC to a “buy” rating and reduced their price target for the stock from GBX 3,100 ($38.15) to GBX 2,450 ($30.15) in a research note on Friday, March 13th. Liberum Capital reaffirmed a “buy” rating on shares of Coca Cola HBC in a research note on Thursday, May 7th. UBS Group reaffirmed a “buy” rating and issued a GBX 2,100 ($25.84) price target (down from GBX 3,050 ($37.53)) on shares of Coca Cola HBC in a research note on Wednesday, March 25th. Finally, Deutsche Bank reaffirmed a “buy” rating and issued a GBX 2,400 ($29.53) price target on shares of Coca Cola HBC in a research note on Monday, May 11th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of GBX 2,435 ($29.97).
In other Coca Cola HBC news, insider Zoran Bogdanovic acquired 218,337 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The shares were bought at an average cost of GBX 1,872 ($23.04) per share, with a total value of £4,087,268.64 ($5,029,865.42). Insiders have purchased 219,574 shares of company stock worth $411,266,027 over the last ninety days.
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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