Coca-Cola HBC (LON:CCH) Hits New 1-Year High at $2,672.00

Coca-Cola HBC AG (LON:CCH) reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 2,672 ($33.57) and last traded at GBX 2,666 ($33.49), with a volume of 5166938 shares trading hands. The stock had previously closed at GBX 2,614 ($32.84).

Analysts Set New Price Targets

A number of research analysts have commented on CCH shares. Barclays reiterated an “overweight” rating and set a GBX 3,000 ($37.69) price objective on shares of Coca-Cola HBC in a research note on Wednesday, May 1st. JPMorgan Chase & Co. restated a “neutral” rating and issued a GBX 2,350 ($29.52) price target on shares of Coca-Cola HBC in a research report on Wednesday, April 3rd. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 3,000 ($37.69) price objective on shares of Coca-Cola HBC in a research report on Wednesday, May 1st. 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, the stock has an average rating of “Moderate Buy” and an average target price of GBX 2,860 ($35.93).

Coca-Cola HBC Stock Performance

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 firm has a market capitalization of £9.95 billion, a price-to-earnings ratio of 1,832.43, a PEG ratio of 1.33 and a beta of 0.92. The firm’s fifty day moving average is GBX 2,487.48 and its 200 day moving average is GBX 2,343.24.

Coca-Cola HBC Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, June 24th. Shareholders of record on Thursday, May 30th will be paid a €0.93 ($1.00) dividend. The ex-dividend date is Thursday, May 30th. This is a boost from Coca-Cola HBC’s previous dividend of $0.78. This represents a yield of 3.25%. Coca-Cola HBC’s payout ratio is 4,527.03%.

Insider Activity at Coca-Cola HBC

In other Coca-Cola HBC news, insider Zoran Bogdanovic sold 39,335 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of GBX 2,500 ($31.41), for a total transaction of £983,375 ($1,235,395.73). In the last 90 days, insiders acquired 527 shares of company stock valued at $1,287,689 and sold 59,567 shares valued at $148,711,721. 47.20% of the stock is owned by company insiders.

Coca-Cola HBC Company Profile

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.