Coca Cola HBC AG (CCH) Given "Hold" Rating at Shore Capital

Xavier Trudeau
Août 13, 2017

Feltz Wealth PLAN Inc. purchased a new stake in shares of Coca-Cola Company (The) during the first quarter valued at $150,000. Bank of America Corp DE increased its stake in Coca-Cola European Partners PLC by 9.2% in the first quarter. Cribstone Capital Management LLC now owns 4,020 shares of the company's stock valued at $171,000 after buying an additional 1,241 shares in the last quarter. OR boosted its stake in Coca-Cola Company (The) by 0.5% in the fourth quarter.

Shares of Coca-Cola Company (NYSE:KO) opened at 45.59 on Friday. The company has a market capitalization of $21.37 billion, a PE ratio of 23.11 and a beta of 0.95. Coca Cola HBC AG has a one year low of GBX 1,572.00 and a one year high of GBX 2,656.00. The firm's 50-day moving average is $45.14 and its 200-day moving average is $43.57. The company reported $0.59 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.57 by $0.02. Coca-Cola European Partners PLC had a return on equity of 15.74% and a net margin of 6.93%. The company had revenue of $9.70 billion during the quarter, compared to analysts' expectations of $9.62 billion. During the same period in the prior year, the firm earned $0.60 earnings per share. Analysts predict that Coca-Cola Company will post $1.90 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Thursday, June 29th were paid a dividend of €0.44 ($0.52) per share. This represents a yield of 1.71%. The ex-dividend date was Thursday, June 29th. Coca-Cola Company (The)'s dividend payout ratio (DPR) is presently 154.17%.

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Other equities research analysts have also issued research reports about the stock. Numis Securities Ltd reiterated a "hold" rating and issued a GBX 2,071 ($26.97) target price on shares of Coca Cola HBC AG in a report on Friday, May 12th. Citigroup Inc. reissued a buy rating on shares of Coca Cola HBC AG in a research report on Monday, May 15th. BidaskClub raised shares of Coca-Cola Company (The) from a "sell" rating to a "hold" rating in a research report on Monday, July 31st. Susquehanna Bancshares Inc set a $39.00 target price on shares of Coca-Cola Company (The) and gave the company a "hold" rating in a research note on Wednesday, July 26th. Jefferies Group LLC reiterated a buy rating and set a GBX 2,200 ($28.65) price target on shares of Coca Cola HBC AG in a research note on Friday, May 12th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company's stock. Coca Cola HBC AG now has a consensus rating of Hold and an average price target of GBX 2,198.73 ($28.63).

In related news, insider Dimitris Lois acquired 33 shares of the firm's stock in a transaction that occurred on Friday, June 16th. The stock was sold at an average price of $45.00, for a total transaction of $15,936,570.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The stock was purchased at an average price of GBX 2,329 ($30.33) per share, for a total transaction of £768.57 ($1,000.87). The disclosure for this sale can be found here. In the last quarter, insiders bought 204 shares of company stock worth $458,844.

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