Coca-Cola HBC (LON:CCH) Receives “Buy” Rating from Jefferies Financial Group

Jefferies Financial Group restated their buy rating on shares of Coca-Cola HBC (LON:CCH) in a research report sent to investors on Wednesday, MarketBeat reports. The brokerage currently has a GBX 3,000 ($37.68) price target on the stock.

Separately, JPMorgan Chase & Co. restated a neutral rating and set a GBX 2,350 ($29.52) price objective on shares of Coca-Cola HBC in a research report on Wednesday, April 3rd. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average target price of GBX 2,860 ($35.93).

Coca-Cola HBC Price Performance

Shares of LON:CCH opened at GBX 2,614 ($32.84) on Wednesday. The firm’s 50 day simple moving average is GBX 2,476.54 and its two-hundred day simple moving average is GBX 2,331.94. The company has a debt-to-equity ratio of 107.46, a current ratio of 1.02 and a quick ratio of 0.80. The company has a market capitalization of £9.54 billion, a P/E ratio of 1,766.22, a P/E/G ratio of 1.33 and a beta of 0.92. Coca-Cola HBC has a 1-year low of GBX 2,065 ($25.94) and a 1-year high of GBX 2,656 ($33.36).

Coca-Cola HBC Increases Dividend

The company also recently disclosed a dividend, which will be paid on Monday, June 24th. Stockholders of record on Thursday, May 30th will be given a dividend of €0.93 ($1.00) per share. This represents a dividend yield of 3.25%. This is an increase from Coca-Cola HBC’s previous dividend of $0.78. The ex-dividend date is Thursday, May 30th. Coca-Cola HBC’s dividend payout ratio (DPR) is presently 4,527.03%.

Insider Buying and Selling at Coca-Cola HBC

In other Coca-Cola HBC news, insider Zoran Bogdanovic sold 39,335 shares of Coca-Cola HBC stock in a transaction on Friday, February 23rd. The shares were sold at an average price of GBX 2,500 ($31.40), for a total value of £983,375 ($1,235,240.55). In the last ninety days, insiders have purchased 527 shares of company stock worth $1,287,689 and have sold 59,567 shares worth $148,711,721. 47.20% of the stock is currently owned by insiders.

About Coca-Cola HBC

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.