Citigroup reissued their neutral rating on shares of Coca-Cola HBC (LON:CCH – Free Report) in a research note published on Thursday morning, MarketBeat reports.
CCH has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft reiterated a buy rating and set a GBX 2,950 ($37.31) price objective on shares of Coca-Cola HBC in a research report on Thursday. Barclays restated an overweight rating and issued a GBX 3,000 ($37.95) target price on shares of Coca-Cola HBC in a report on Wednesday, May 1st. JPMorgan Chase & Co. restated a neutral rating and issued a GBX 2,350 ($29.72) target price on shares of Coca-Cola HBC in a report on Wednesday, April 3rd. Finally, Jefferies Financial Group restated a buy rating and issued a GBX 3,000 ($37.95) target price on shares of Coca-Cola HBC in a report on Wednesday, May 1st. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus price target of GBX 2,825 ($35.73).
Read Our Latest Research Report on CCH
Coca-Cola HBC Price Performance
Coca-Cola HBC Increases Dividend
The company also recently disclosed a dividend, which was paid on Monday, June 24th. Investors of record on Thursday, May 30th were issued a dividend of €0.93 ($1.00) per share. This represents a dividend yield of 3.25%. This is a positive change from Coca-Cola HBC’s previous dividend of $0.78. The ex-dividend date was Thursday, May 30th. Coca-Cola HBC’s dividend payout ratio (DPR) is currently 5,337.84%.
Insider Buying and Selling
In other news, insider Zoran Bogdanovic acquired 157 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The stock was acquired at an average cost of GBX 2,796 ($35.37) per share, for a total transaction of £4,389.72 ($5,552.39). Over the last ninety days, insiders bought 508 shares of company stock worth $1,332,421. Corporate insiders own 47.22% 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.
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