Coca-Cola HBC AG (LON:CCH – Get Free Report)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as GBX 2,590 ($31.99) and last traded at GBX 2,588 ($31.97), with a volume of 1468106 shares traded. The stock had previously closed at GBX 2,553.79 ($31.54).
Analyst Ratings Changes
Separately, JPMorgan Chase & Co. restated a “neutral” rating and issued a GBX 2,350 ($29.03) price target on shares of Coca-Cola HBC in a research note on Wednesday, April 3rd. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,860 ($35.33).
View Our Latest Stock Report on CCH
Coca-Cola HBC Trading Up 1.3 %
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 ($0.99) per share. This is a boost from Coca-Cola HBC’s previous dividend of $0.78. This represents a dividend yield of 3.25%. The ex-dividend date of this dividend is Thursday, May 30th. Coca-Cola HBC’s payout ratio is 4,527.03%.
Insider Transactions at Coca-Cola HBC
In other 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 ($30.88), for a total transaction of £983,375 ($1,214,643.03). In the last three months, insiders bought 527 shares of company stock valued at $1,287,689 and sold 59,567 shares valued at $148,711,721. Corporate insiders own 47.20% of the company’s stock.
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.
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