Fevertree Drinks PLC (FEVR) to Issue Dividend of GBX 3.01 on September 8th
Fevertree Drinks PLC (LON:FEVR) announced a dividend on Tuesday, July 25th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, August 10th will be given a dividend of GBX 3.01 ($0.04) per share on Friday, September 8th. This represents a dividend yield of 0.15%. The ex-dividend date is Thursday, August 10th. The official announcement can be viewed at this link.
Shares of Fevertree Drinks PLC (LON:FEVR) opened at 2286.00 on Wednesday. Fevertree Drinks PLC has a 12-month low of GBX 914.25 and a 12-month high of GBX 2,333.00. The stock has a 50 day moving average of GBX 1,845.81 and a 200 day moving average of GBX 1,603.49. The company’s market cap is GBX 2.63 billion.
In related news, insider William (Bill) Ronald sold 50,000 shares of Fevertree Drinks PLC stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of GBX 2,083 ($27.13), for a total value of £1,041,500 ($1,356,296.39).
FEVR has been the subject of several recent research reports. Berenberg Bank raised their price objective on shares of Fevertree Drinks PLC from GBX 1,450 ($18.88) to GBX 1,700 ($22.14) and gave the company a “buy” rating in a research note on Thursday, April 20th. Shore Capital reiterated a “hold” rating on shares of Fevertree Drinks PLC in a research note on Monday, May 15th. Whitman Howard lifted their price target on shares of Fevertree Drinks PLC from GBX 1,250 ($16.28) to GBX 1,700 ($22.14) and gave the stock a “hold” rating in a research note on Monday, May 15th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 1,950 ($25.39) price target on shares of Fevertree Drinks PLC in a research note on Friday, July 7th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of GBX 2,143.75 ($27.92).
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About Fevertree Drinks PLC
Fevertree Drinks plc is a United Kingdom-based holding and investment company. The Company is a developer and supplier of premium mixer drinks. The Company’s premium mixers consist of a range of all natural carbonated mixers, including Tonics, Ginger Ale, Ginger Beer, Bitter Lemon and Lemonades. The Company sells a range of products under the Fever-Tree brand, which include Indian Tonic Water, Naturally Light Tonic Water, Elderflower Tonic Water, Mediterranean Tonic Water, Ginger Ale, Ginger Beer, Naturally Light Ginger Beer, Bitter Lemon, Sicilian Lemonade, Lemonade, Spring Soda Water and Premium Cola.
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