Shares of Coca-Cola HBC AG (LON:CCH – Get Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is GBX 2,860 ($35.93).
Separately, JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 2,350 ($29.52) target price on shares of Coca-Cola HBC in a report on Wednesday, April 3rd.
View Our Latest Research Report on CCH
Coca-Cola HBC Stock Up 0.5 %
Coca-Cola HBC Increases Dividend
The company also recently declared a dividend, which will be paid on Monday, June 24th. Stockholders of record on Thursday, May 30th will be issued a dividend of €0.93 ($1.00) per share. The ex-dividend date is Thursday, May 30th. This is an increase from Coca-Cola HBC’s previous dividend of $0.78. This represents a dividend yield of 3.25%. Coca-Cola HBC’s payout ratio is 4,527.03%.
Insider Transactions at Coca-Cola HBC
In related news, insider Zoran Bogdanovic sold 39,335 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of GBX 2,500 ($31.40), for a total value of £983,375 ($1,235,240.55). Over the last ninety days, insiders bought 527 shares of company stock worth $1,287,689 and sold 59,567 shares worth $148,711,721. Insiders own 47.20% of the company’s stock.
Coca-Cola HBC Company Profile
Coca-Cola HBC AG engages in the production, distribution, and sale of non-alcoholic ready-to-drink beverages under franchise in Switzerland, the United Kingdom, North and Central America, rest of Europe, the Nordic countries, and internationally. The company offers sparkling soft drinks, adult sparkling, hydration drinks, juices, ready-to-drink tea and coffee, sports and energy drinks, dairy, stills, coffee, water, plant-based drinks, premium spirits, and snacks.
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