Coca-Cola HBC AG (LON:CCH) Insider Zoran Bogdanovic Acquires 188 Shares

Coca-Cola HBC AG (LON:CCH – Get Free Report) insider Zoran Bogdanovic acquired 188 shares of the company’s stock in a transaction on Monday, July 17th. The stock was bought at an average cost of GBX 2,356 ($30.81) per share, with a total value of £4,429.28 ($5,791.42).

Zoran Bogdanovic also recently made the following trade(s):

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• On Friday, June 30th, Zoran Bogdanovic sold 12,000 shares of Coca-Cola HBC stock. The stock was sold at an average price of GBX 2,334 ($30.52), for a total value of £280,080 ($366,213.39).
• On Friday, June 16th, Zoran Bogdanovic purchased 190 shares of Coca-Cola HBC stock. The shares were acquired at an average cost of GBX 2,328 ($30.44) per share, with a total value of £4,423.20 ($5,783.47).
• On Wednesday, May 17th, Zoran Bogdanovic purchased 167 shares of Coca-Cola HBC stock. The shares were acquired at an average cost of GBX 2,572 ($33.63) per share, with a total value of £4,295.24 ($5,616.16).

Coca-Cola HBC Trading Up 0.3 %

LON CCH opened at GBX 2,336 ($30.54) on Wednesday. The company has a 50 day moving average of GBX 2,397.18 and a 200-day moving average of GBX 2,231.21. The company has a market cap of £8.63 billion, a price-to-earnings ratio of 2,408.25, a PEG ratio of 2.36 and a beta of 0.95. The company has a debt-to-equity ratio of 101.01, a current ratio of 1.24 and a quick ratio of 0.80.

Coca-Cola HBC Increases Dividend

The business also recently declared a dividend, which was paid on Monday, June 19th. Shareholders of record on Thursday, May 25th were given a €0.78 ($0.88) dividend. This represents a dividend yield of 2.67%. The ex-dividend date of this dividend was Thursday, May 25th. This is a positive change from Coca-Cola HBC’s previous dividend of $0.71. Coca-Cola HBC’s payout ratio is 6,907.22%.

Analyst Ratings Changes

A number of research firms have recently commented on CCH. Citigroup reissued a “neutral” rating on shares of Coca-Cola HBC in a report on Monday, July 10th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 2,600 ($34.00) target price on shares of Coca-Cola HBC in a report on Monday, July 10th. Numis Securities reaffirmed an “add” rating and issued a GBX 2,800 ($36.61) target price on shares of Coca-Cola HBC in a report on Thursday, May 25th. Barclays upped their target price on Coca-Cola HBC from GBX 2,700 ($35.30) to GBX 3,000 ($39.23) and gave the stock an “overweight” rating in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Coca-Cola HBC from GBX 2,950 ($38.57) to GBX 3,150 ($41.19) and gave the stock a “buy” rating in a report on Friday, July 7th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Coca-Cola HBC presently has a consensus rating of “Moderate Buy” and an average price target of GBX 2,803.33 ($36.65).

Coca-Cola HBC Company Profile

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Coca-Cola HBC AG engages in the production, distribution, and sale of non-alcoholic ready-to-drink beverages under franchise in Switzerland and internationally. The company offers sparkling soft drinks, adult sparkling, hydration drinks, juices, ready-to-drink tea, energy drinks, dairy, coffee, water, plant-based drinks, premium spirits and flavored alcoholic beverages, and snacks.

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