Coca-Cola HBC (LON:CCH) Earns “Buy” Rating from Jefferies Financial Group

Jefferies Financial Group restated their buy rating on shares of Coca-Cola HBC (LON:CCH) in a report published on Wednesday, Marketbeat Ratings reports. Jefferies Financial Group currently has a GBX 3,000 ($37.68) price target on the stock.

Separately, JPMorgan Chase & Co. reissued a neutral rating and issued a GBX 2,350 ($29.52) price target on shares of Coca-Cola HBC in a report on Wednesday, April 3rd. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of Moderate Buy and an average price target of GBX 2,860 ($35.93).

Coca-Cola HBC Stock Up 1.4 %

CCH opened at GBX 2,638 ($33.14) on Wednesday. The company has a 50 day moving average of GBX 2,469.30 and a 200 day moving average of GBX 2,322.86. The company has a market cap of £9.63 billion, a PE ratio of 1,758.11, a price-to-earnings-growth ratio of 1.33 and a beta of 0.92. Coca-Cola HBC has a 12 month low of GBX 2,065 ($25.94) and a 12 month high of GBX 2,642.84 ($33.20). The company has a current ratio of 1.02, a quick ratio of 0.80 and a debt-to-equity ratio of 107.46.

Coca-Cola HBC Increases Dividend

The company also recently disclosed a dividend, which will be paid on Monday, June 24th. Shareholders of record on Thursday, May 30th will be given a dividend of €0.93 ($1.00) per share. The ex-dividend date is Thursday, May 30th. This represents a yield of 3.25%. This is a positive change from Coca-Cola HBC’s previous dividend of $0.78. Coca-Cola HBC’s dividend payout ratio (DPR) is currently 4,527.03%.

Insider Buying and Selling

In related news, insider Zoran Bogdanovic acquired 176 shares of Coca-Cola HBC stock in a transaction that occurred on Friday, February 16th. The stock was bought at an average price of GBX 2,455 ($30.84) per share, with a total value of £4,320.80 ($5,427.46). In the last three months, insiders acquired 527 shares of company stock worth $1,287,689 and sold 59,567 shares worth $148,711,721. 47.20% of the stock is owned by company 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.