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

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 paid 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 viewed at this link.

Shares of CCH stock opened at GBX 2,049 ($25.22) on Tuesday. The firm has a market capitalization of $7.57 billion and a PE ratio of 14.30. The firm has a fifty day simple moving average of GBX 2,009.32 and a two-hundred day simple moving average of GBX 2,263.97. The company has a current ratio of 1.15, a quick ratio of 0.94 and a debt-to-equity ratio of 123.13. Coca Cola HBC has a 12 month low of GBX 1,393.10 ($17.14) and a 12 month high of GBX 3,094 ($38.08).

In related news, insider Zoran Bogdanovic bought 218,337 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were acquired at an average cost of GBX 1,872 ($23.04) per share, with a total value of £4,087,268.64 ($5,029,865.42). Over the last three months, insiders bought 219,574 shares of company stock worth $411,266,027.

CCH has been the subject of several research reports. Jefferies Financial Group restated a “buy” rating and set a GBX 2,300 ($28.30) price target on shares of Coca Cola HBC in a research report on Thursday, April 30th. UBS Group restated a “buy” rating and set a GBX 2,100 ($25.84) price target (down previously from GBX 3,050 ($37.53)) on shares of Coca Cola HBC in a research report on Wednesday, March 25th. Citigroup raised shares of Coca Cola HBC to a “buy” rating and dropped their price objective for the company from GBX 3,100 ($38.15) to GBX 2,450 ($30.15) in a report on Friday, March 13th. Barclays reaffirmed an “overweight” rating on shares of Coca Cola HBC in a report on Monday, April 27th. Finally, Credit Suisse Group dropped their price objective on shares of Coca Cola HBC from GBX 3,200 ($39.38) to GBX 2,500 ($30.77) and set an “outperform” rating on the stock in a report on Wednesday, April 8th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of GBX 2,435 ($29.97).

About Coca Cola HBC

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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