Coca Cola HBC AG (LON:CCH) Plans Dividend of €0.62

Coca Cola HBC AG (LON:CCH) announced a dividend on Thursday, May 14th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, July 2nd will be given a dividend of €0.62 ($0.70) per share on Tuesday, July 28th. This represents a yield of 3.05%. The ex-dividend date is Thursday, July 2nd. The official announcement can be seen at this link.

CCH opened at GBX 2,049 ($25.22) on Tuesday. Coca Cola HBC has a twelve month low of GBX 1,393.10 ($17.14) and a twelve month high of GBX 3,094 ($38.08). The company has a fifty day moving average of GBX 2,009.32 and a 200-day moving average of GBX 2,263.97. The stock has a market cap of $7.57 billion and a PE ratio of 14.30. The company has a quick ratio of 0.94, a current ratio of 1.15 and a debt-to-equity ratio of 123.13.

In other Coca Cola HBC news, insider Zoran Bogdanovic purchased 218,337 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was acquired at an average price of GBX 1,872 ($23.04) per share, for a total transaction of £4,087,268.64 ($5,029,865.42). Insiders have bought 219,574 shares of company stock worth $411,266,027 over the last ninety days.

A number of analysts have weighed in on the company. Barclays reiterated an “overweight” rating on shares of Coca Cola HBC in a report on Monday, April 27th. Goldman Sachs Group decreased their target price on Coca Cola HBC from GBX 2,330 ($28.67) to GBX 2,230 ($27.44) and set a “neutral” rating for the company in a research note on Wednesday, May 20th. Liberum Capital reissued a “buy” rating on shares of Coca Cola HBC in a research note on Thursday, May 7th. Deutsche Bank restated a “buy” rating and set a GBX 2,400 ($29.53) price target on shares of Coca Cola HBC in a report on Monday, May 11th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 2,300 ($28.30) price objective on shares of Coca Cola HBC in a research note on Thursday, April 30th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of GBX 2,435 ($29.97).

Coca Cola HBC Company Profile

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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