Coca Cola HBC AG (LON:CCH) Insider Zoran Bogdanovic Sells 16,000 Shares

Coca Cola HBC AG (LON:CCH) insider Zoran Bogdanovic sold 16,000 shares of the business’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of GBX 2,910 ($38.02), for a total value of £465,600 ($608,388.87).

Zoran Bogdanovic also recently made the following trade(s):

  • On Friday, May 17th, Zoran Bogdanovic bought 131 shares of Coca Cola HBC stock. The shares were bought at an average price of GBX 2,862 ($37.40) per share, with a total value of £3,749.22 ($4,899.02).
  • On Wednesday, April 17th, Zoran Bogdanovic acquired 659 shares of Coca Cola HBC stock. The stock was acquired at an average price of GBX 2,682 ($35.05) per share, with a total value of £17,674.38 ($23,094.71).
  • On Thursday, March 21st, Zoran Bogdanovic sold 3,550 shares of Coca Cola HBC stock. The shares were sold at an average price of GBX 2,604 ($34.03), for a total value of £92,442 ($120,791.85).
  • On Monday, March 18th, Zoran Bogdanovic acquired 140 shares of Coca Cola HBC stock. The stock was acquired at an average price of GBX 2,629 ($34.35) per share, with a total value of £3,680.60 ($4,809.36).

Shares of CCH traded down GBX 6 ($0.08) on Wednesday, hitting GBX 2,935 ($38.35). The company’s stock had a trading volume of 314,416 shares, compared to its average volume of 875,987. The company has a debt-to-equity ratio of 51.48, a quick ratio of 0.94 and a current ratio of 1.21. Coca Cola HBC AG has a fifty-two week low of GBX 2,224 ($29.06) and a fifty-two week high of GBX 2,929 ($38.27). The firm has a market capitalization of $10.62 billion and a PE ratio of 20.48.

The firm also recently disclosed a dividend, which will be paid on Tuesday, July 30th. Investors of record on Thursday, July 4th will be given a €2.57 ($2.99) dividend. The ex-dividend date is Thursday, July 4th. This is a positive change from Coca Cola HBC’s previous dividend of $0.54. This represents a dividend yield of 8.14%. Coca Cola HBC’s payout ratio is currently 0.34%.

Several institutional investors and hedge funds have recently modified their holdings of the stock. California Public Employees Retirement System acquired a new position in shares of Coca Cola HBC in the 4th quarter valued at approximately $303,000. Toronto Dominion Bank acquired a new position in Coca Cola HBC during the 1st quarter worth approximately $996,000. Finally, Bank of Montreal Can acquired a new position in Coca Cola HBC during the 1st quarter worth approximately $4,473,000.

CCH has been the subject of several research analyst reports. Deutsche Bank reiterated a “buy” rating on shares of Coca Cola HBC in a research report on Tuesday, May 21st. Credit Suisse Group reiterated an “outperform” rating on shares of Coca Cola HBC in a research report on Monday, April 15th. UBS Group reiterated a “buy” rating on shares of Coca Cola HBC in a research report on Tuesday, May 21st. Barclays reiterated an “overweight” rating and issued a GBX 3,150 ($41.16) price objective on shares of Coca Cola HBC in a research report on Wednesday, June 5th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 3,000 ($39.20) price objective on shares of Coca Cola HBC in a research report on Monday, June 3rd. Five research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and an average target price of GBX 3,020 ($39.46).

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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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