Coca Cola HBC AG (CCH) Stock Rating Reaffirmed by Citigroup Inc

Coca-Cola HBC

Coca-Cola HBC

The company has a consensus rating of Hold and an average target price of $45.70.

Several hedge funds have recently made changes to their positions in the company.

Coca-Cola Company (The) (NYSE:KO) last announced its quarterly earnings results on Wednesday, July 26th.

Shares of Coca-Cola Company (KO) opened at 45.59 on Friday. Coca Cola HBC AG has a 12-month low of GBX 1,602.00 and a 12-month high of GBX 2,656.00. Epoch Investment Partners Inc. now owns 8,344,550 shares of the company's stock valued at $374,254,000 after buying an additional 1,838,682 shares during the period. Barclays PLC reissued an "underweight" rating and issued a GBX 1,775 ($23.11) price target on shares of Coca Cola HBC AG in a report on Tuesday, May 30th. Credit Suisse Group reiterated a "buy" rating and issued a $49.00 target price on shares of Coca-Cola Company (The) in a research note on Thursday, April 27th. Bancorpsouth Inc. boosted its stake in Coca-Cola Company (The) by 4.0% in the second quarter. Equities research analysts forecast that Coca-Cola Company will post $1.90 earnings per share for the current year. Global Financial Private Capital LLC boosted its stake in Coca-Cola Company (The) by 30.7% in the second quarter. The company reported $0.59 earnings per share for the quarter, beating analysts' consensus estimates of $0.57 by $0.02. The business had revenue of $3.05 billion during the quarter, compared to analysts' expectations of $2.77 billion. Glenview Capital Management LLC increased its stake in Coca-Cola European Partners PLC by 114.5% in the first quarter. The stock has a market capitalization of $194.46 billion, a PE ratio of 48.14 and a beta of 0.69. Finally, Numis Securities Ltd restated a "hold" rating and set a GBX 2,071 ($26.97) price target on shares of Coca Cola HBC AG in a research note on Friday, May 12th. Meeder Asset Management Inc. boosted its stake in shares of Coca-Cola Company (The) by 59.4% in the second quarter. Spears Abacus Advisors LLC now owns 9,027 shares of the company's stock worth $405,000 after buying an additional 2,244 shares in the last quarter. Epoch Investment Partners Inc. now owns 4,026,083 shares of the company's stock worth $151,743,000 after buying an additional 65,529 shares during the period.

CCH has been the subject of a number of other research reports. Ontario Teachers Pension Plan Board now owns 279,218 shares of the company's stock worth $12,523,000 after buying an additional 48,670 shares in the last quarter. Coca-Cola Company (The) had a return on equity of 34.53% and a net margin of 10.68%. The stock has a 50 day moving average of $45.14 and a 200 day moving average of $43.57. During the same period previous year, the business earned $0.60 EPS. The firm's revenue for the quarter was down 15.9% compared to the same quarter past year. Finally, First Manhattan Co. raised its position in shares of Coca-Cola European Partners PLC by 1.7% in the first quarter.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Thursday, June 29th were issued a dividend of €0.44 ($0.52) per share. The ex-dividend date of this dividend was Thursday, June 29th. This represents a yield of 1.71%. Coca-Cola Company (The)'s payout ratio is 154.17%. Following the transaction, the insider now directly owns 780,258 shares of the company's stock, valued at approximately $35,111,610.

ILLEGAL ACTIVITY NOTICE: This piece of content was first published by BBNS and is owned by of BBNS. If you are accessing this story on another publication, it was illegally copied and republished in violation of US & worldwide trademark and copyright legislation. BidaskClub upgraded Coca-Cola European Partners PLC from a "hold" rating to a "buy" rating in a report on Thursday, August 3rd. Wells Fargo & Company reiterated a "market perform" rating and issued a $43.00 target price on shares of Coca-Cola Company (The) in a research note on Friday, April 28th.

In related news, insider Irial Finan sold 354,146 shares of the stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $45.20, for a total value of $1,323,546.40. Whalerock Point Partners LLC now owns 6,063 shares of the company's stock valued at $252,000 after buying an additional 100 shares in the last quarter. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The shares were sold at an average price of $46.01, for a total value of $1,111,417.56. Also, insider SANDA PAREZANOVIC purchased 33 shares of the business's stock in a transaction that occurred on Wednesday, May 17th. Following the sale, the insider now directly owns 118,000 shares in the company, valued at $5,333,600. The disclosure for this sale can be found here. The legal version of this news story can be viewed at https://weekherald.com/2017/08/13/montecito-bank-trust-buys-60258-shares-of-coca-cola-company-the-ko-updated.html. In the last ninety days, insiders purchased 204 shares of company stock valued at $458,844.

The Company produces, sells and distributes beverage brands.

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