Shares of Coca-Cola HBC AG (LON:CCH – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the five research firms that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is GBX 2,875 ($36.54).
Several equities analysts recently issued reports on the company. Jefferies Financial Group reissued a “buy” rating and set a GBX 3,000 ($38.13) target price on shares of Coca-Cola HBC in a research note on Wednesday, May 1st. JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 2,350 ($29.87) price objective on shares of Coca-Cola HBC in a research note on Wednesday, April 3rd. Finally, Barclays reaffirmed an “overweight” rating and set a GBX 3,000 ($38.13) target price on shares of Coca-Cola HBC in a research note on Wednesday, May 1st.
View Our Latest Stock Analysis on Coca-Cola HBC
Coca-Cola HBC Trading Up 0.5 %
Coca-Cola HBC Increases Dividend
The business also recently disclosed a dividend, which will be paid on Monday, June 24th. Stockholders of record on Thursday, May 30th will be given a dividend of €0.93 ($1.01) 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 currently 5,337.84%.
Insider Activity at Coca-Cola HBC
In other news, insider Zoran Bogdanovic bought 172 shares of the stock in a transaction that occurred on Monday, March 18th. The stock was purchased at an average price of GBX 2,482 ($31.55) per share, for a total transaction of £4,269.04 ($5,425.83). Insiders have bought a total of 508 shares of company stock valued at $1,294,581 over the last 90 days. 47.22% of the stock is owned by corporate insiders.
About Coca-Cola HBC
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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