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

Judith Bessette
Agosto 13, 2017

The firm owned 989,837 shares of the company's stock after selling 57,770 shares during the period.

Several other hedge funds and other institutional investors also recently bought and sold shares of CCE. Portfolio Solutions LLC acquired a new stake in Coca-Cola Company (The) during the first quarter worth about $108,000. Feltz Wealth PLAN Inc. purchased a new stake in shares of Coca-Cola Company (The) during the first quarter valued at $150,000. OR now owns 121,346 shares of the company's stock valued at $5,031,000 after buying an additional 641 shares in the last quarter. OR boosted its stake in Coca-Cola Company (The) by 0.5% in the fourth quarter.

Coca-Cola Company (KO) opened at 45.59 on Friday. The stock's market capitalization is GBX 9.41 billion. Coca-Cola Company has a 52-week low of $39.88 and a 52-week high of $46.43. The company's 50 day moving average price is GBX 2,296.08 and its 200-day moving average price is GBX 2,131.30.

Coca-Cola European Partners PLC (NYSE:CCE) last announced its earnings results on Thursday, August 10th. The company reported $0.59 earnings per share for the quarter, beating the Zacks' 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%. During the same period in the prior year, the firm earned $0.60 earnings per share. Analysts anticipate that Coca-Cola Company will post $1.90 earnings per share for the current year. Stockholders of record on Friday, September 15th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 3.25%. The ex-dividend date is Thursday, September 14th. Coca-Cola Company (The)'s dividend payout ratio (DPR) is presently 154.17%.

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A number of analysts recently issued reports on the stock. Finally, J P Morgan Chase & Co reiterated an overweight rating and set a GBX 2,500 ($32.56) price target on shares of Coca Cola HBC AG in a research note on Monday, May 22nd. Citigroup Inc. reissued a buy rating on shares of Coca Cola HBC AG in a research note 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. BNP Paribas reissued an outperform rating and set a GBX 2,700 ($35.16) target price on shares of Coca Cola HBC AG in a research note on Wednesday, July 19th. Finally, Jefferies Group LLC set a $47.00 target price on shares of Coca-Cola Company (The) and gave the company a "neutral" rating in a research note on Thursday, July 27th. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company's stock. The company now has a consensus rating of Hold and an average target price of GBX 2,198.73 ($28.63). Following the completion of the sale, the insider now directly owns 26,567 shares in the company, valued at $1,222,347.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider SANDA PAREZANOVIC purchased 33 shares of the firm's stock in a transaction on Wednesday, May 17th. The shares were purchased at an average price of GBX 2,329 ($30.33) per share, with a total value of £768.57 ($1,000.87). The disclosure for this sale can be found here. Insiders purchased a total of 204 shares of company stock worth $458,844 over the last three months. Company insiders own 1.51% of the company's stock.

Coca-Cola Enterprises, Inc (CCE) markets, produces and distributes nonalcoholic beverages.

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