Deutsche Bank reaffirmed their buy rating on shares of Coca Cola HBC (LON:CCH) in a report published on Tuesday morning, ThisIsMoney.Co.Uk reports.
A number of other equities analysts have also recently weighed in on CCH. Shore Capital reissued an under review rating on shares of Coca Cola HBC in a research report on Thursday, May 2nd. UBS Group reissued a buy rating and set a GBX 2,800 ($36.59) price target on shares of Coca Cola HBC in a research report on Thursday, May 2nd. Finally, Credit Suisse Group reissued an outperform rating on shares of Coca Cola HBC in a research report on Monday, April 15th. Five investment analysts have rated the stock with a buy rating, The stock presently has an average rating of Buy and a consensus target price of GBX 2,978 ($38.91).
Shares of LON CCH opened at GBX 2,861 ($37.38) on Tuesday. The firm has a market cap of $10.38 billion and a PE ratio of 19.97. Coca Cola HBC has a twelve month low of GBX 2,224 ($29.06) and a twelve month high of GBX 2,872 ($37.53). 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 company also recently declared a dividend, which will be paid on Tuesday, July 30th. Stockholders of record on Thursday, July 4th will be given a dividend of €2.57 ($2.99) per share. This represents a dividend yield of 8.14%. This is a boost from Coca Cola HBC’s previous dividend of $0.54. 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 acquired 140 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The shares were acquired at an average cost of GBX 2,629 ($34.35) per share, for a total transaction of £3,680.60 ($4,809.36). Over the last three months, insiders have bought 930 shares of company stock worth $2,510,420.
Several large investors have recently modified their holdings of CCH. California Public Employees Retirement System acquired a new stake in shares of Coca Cola HBC during the fourth quarter worth $303,000. Toronto Dominion Bank acquired a new stake in shares of Coca Cola HBC during the first quarter worth $996,000. Finally, Bank of Montreal Can acquired a new stake in shares of Coca Cola HBC during the first quarter worth $4,473,000.
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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