Coca-Cola HBC’s (CCH) “Overweight” Rating Reaffirmed at Barclays

Barclays reaffirmed their overweight rating on shares of Coca-Cola HBC (LON:CCH) in a research note published on Wednesday, MarketBeat.com reports. The brokerage currently has a GBX 3,000 ($37.68) price target on the stock.

Several other research firms have also issued reports on CCH. Jefferies Financial Group reiterated a buy rating and set a GBX 3,000 ($37.68) target price on shares of Coca-Cola HBC in a report on Wednesday. JPMorgan Chase & Co. reiterated 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. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of GBX 2,860 ($35.93).

Coca-Cola HBC Stock Up 1.2 %

CCH stock opened at GBX 2,634 ($33.09) on Wednesday. The company has a debt-to-equity ratio of 107.46, a current ratio of 1.02 and a quick ratio of 0.80. The stock has a market capitalization of £9.61 billion, a P/E ratio of 1,758.11, a P/E/G ratio of 1.33 and a beta of 0.92. The business has a 50-day moving average of GBX 2,469.30 and a 200-day moving average of GBX 2,322.86. Coca-Cola HBC has a fifty-two week low of GBX 2,065 ($25.94) and a fifty-two week high of GBX 2,642.84 ($33.20).

Coca-Cola HBC Increases Dividend

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

Insider Buying and Selling at Coca-Cola HBC

In other Coca-Cola HBC news, insider Zoran Bogdanovic sold 39,335 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was 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 90 days, insiders have acquired 527 shares of company stock worth $1,287,689 and have sold 59,567 shares worth $148,711,721. Corporate insiders own 47.20% of the company’s stock.

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.