Research Analysts’ Weekly Ratings Changes for Coca Cola HBC (CCH)

A number of firms have modified their ratings and price targets on shares of Coca Cola HBC (LON: CCH) recently:

  • 5/21/2019 – Coca Cola HBC had its “buy” rating reaffirmed by analysts at UBS Group AG.
  • 5/21/2019 – Coca Cola HBC had its “buy” rating reaffirmed by analysts at Deutsche Bank AG.
  • 5/7/2019 – Coca Cola HBC had its price target raised by analysts at Deutsche Bank AG from GBX 3,150 ($41.16) to GBX 3,200 ($41.81). They now have a “buy” rating on the stock.
  • 5/2/2019 – Coca Cola HBC had its “under review” rating reaffirmed by analysts at Shore Capital.
  • 5/2/2019 – Coca Cola HBC had its “buy” rating reaffirmed by analysts at UBS Group AG. They now have a GBX 2,800 ($36.59) price target on the stock.
  • 4/17/2019 – Coca Cola HBC had its price target raised by analysts at Deutsche Bank AG from GBX 2,950 ($38.55) to GBX 3,150 ($41.16). They now have a “buy” rating on the stock.
  • 4/15/2019 – Coca Cola HBC had its “outperform” rating reaffirmed by analysts at Credit Suisse Group AG.

CCH stock traded down GBX 54 ($0.71) on Thursday, hitting GBX 2,800 ($36.59). 996,851 shares of the company’s stock were exchanged, compared to its average volume of 875,987. Coca Cola HBC AG has a 12-month low of GBX 2,224 ($29.06) and a 12-month high of GBX 2,872 ($37.53). The company has a debt-to-equity ratio of 51.48, a current ratio of 1.21 and a quick ratio of 0.94. The company has a market cap of $10.36 billion and a price-to-earnings ratio of 19.54.

The firm also recently announced a dividend, which will be paid on Tuesday, July 30th. Investors of record on Thursday, July 4th will be paid a dividend of €2.57 ($2.99) per share. This represents a yield of 8.14%. This is an increase from Coca Cola HBC’s previous dividend of $0.54. The ex-dividend date is Thursday, July 4th. Coca Cola HBC’s payout ratio is 0.33%.

In related news, insider Zoran Bogdanovic sold 3,550 shares of the business’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of GBX 2,604 ($34.03), for a total transaction of £92,442 ($120,791.85). Over the last 90 days, insiders have purchased 930 shares of company stock worth $2,510,420.

Institutional investors and hedge funds have recently modified their holdings of the business. California Public Employees Retirement System acquired a new stake in Coca Cola HBC during the 4th quarter worth about $303,000. Toronto Dominion Bank acquired a new stake in Coca Cola HBC during the 1st quarter worth about $996,000. Finally, Bank of Montreal Can acquired a new stake in Coca Cola HBC during the 1st quarter worth about $4,473,000.

Coca-Cola HBC AG produces, distributes, and sells non-alcoholic ready-to-drink beverages. The company offers sparkling soft drinks; still drinks, including juices and fruit-based drinks, iced tea, and energy and sports drinks; and natural mineral, spring, and processed water. It markets and sells its products under the Coca-Cola, Fanta, Sprite, Amita, Avra, Deep RiverRock, Fruice, and Nestea brand names; and distributes third-party products, such as Monster energy drinks, and beer and premium spirits.

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