Barclays reissued their overweight rating on shares of Coca-Cola HBC (LON:CCH – Free Report) in a research report report published on Wednesday, MarketBeat reports. Barclays currently has a GBX 3,000 ($37.68) target price on the stock.
Several other research analysts have also commented on CCH. Jefferies Financial Group reiterated a buy rating and issued a GBX 3,000 ($37.68) price target on shares of Coca-Cola HBC in a research report on Wednesday. JPMorgan Chase & Co. reissued a neutral rating and set a GBX 2,350 ($29.52) target price on shares of Coca-Cola HBC in a research report on Wednesday, April 3rd. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of Moderate Buy and an average price target of GBX 2,860 ($35.93).
Read Our Latest Stock Report on Coca-Cola HBC
Coca-Cola HBC Price Performance
Coca-Cola HBC Increases Dividend
The firm also recently announced a dividend, which will be paid on Monday, June 24th. Stockholders of record on Thursday, May 30th will be paid a dividend of €0.93 ($1.00) per share. This is a boost from Coca-Cola HBC’s previous dividend of $0.78. The ex-dividend date of this dividend is Thursday, May 30th. This represents a dividend yield of 3.25%. Coca-Cola HBC’s dividend payout ratio is currently 4,527.03%.
Insider Transactions at Coca-Cola HBC
In related news, insider Zoran Bogdanovic sold 39,335 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of GBX 2,500 ($31.40), for a total transaction of £983,375 ($1,235,240.55). Over the last three months, insiders have acquired 527 shares of company stock worth $1,287,689 and have sold 59,567 shares worth $148,711,721. Company insiders own 47.20% of the company’s stock.
Coca-Cola HBC Company Profile
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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