Coca Cola HBC AG (LON:CCH) Rating Reiterated by Barclays PLC

Paterniano Del Favero
Agosto 13, 2017

752,556 shares of the company's stock were exchanged. Glenview Capital Management LLC increased its stake in Coca-Cola European Partners PLC by 114.5% in the first quarter. Franklin Resources Inc. now owns 30,176,115 shares of the company's stock valued at $1,251,102,000 after buying an additional 951,209 shares in the last quarter. Feltz Wealth PLAN Inc. purchased a new stake in shares of Coca-Cola Company (The) during the first quarter valued at $150,000. OR boosted its stake in Coca-Cola Company (The) by 0.5% in the fourth quarter. Glenview Capital Management LLC now owns 4,321,074 shares of the company's stock worth $162,861,000 after buying an additional 2,307,013 shares during the period.

Shares of Coca-Cola Company (NYSE:KO) opened at 45.59 on Friday. The stock has a market capitalization of $194.46 billion, a price-to-earnings ratio of 48.14 and a beta of 0.69. 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 company's 50-day moving average price is $42.13 and its 200 day moving average price is $38.81. The company reported $0.59 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.57 by $0.02. The company had revenue of $9.70 billion during the quarter, compared to analysts' expectations of $9.62 billion. Coca-Cola European Partners PLC had a return on equity of 15.74% and a net margin of 6.93%. The firm's revenue for the quarter was down 15.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.60 earnings per share.

The business also recently announced a dividend, which was paid on Tuesday, July 25th. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.48 annualized dividend and a yield of 3.25%. Coca-Cola Company (The)'s payout ratio is 154.17%.

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Several research firms recently weighed in on KO.

Coca Cola HBC AG (LON:CCH)'s stock had its "hold" rating reiterated by research analysts at Shore Capital in a research report issued to clients and investors on Thursday. J P Morgan Chase & Co reissued an "overweight" rating and issued a GBX 2,500 ($32.56) price target on shares of Coca Cola HBC AG in a report on Friday, July 7th. BNP Paribas reiterated an "outperform" rating and issued a GBX 2,700 ($35.16) target price on shares of Coca Cola HBC AG in a report on Wednesday, July 19th. Zacks Investment Research downgraded shares of Coca-Cola Company (The) from a "buy" rating to a "hold" rating in a research note on Tuesday, August 1st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company's stock. The stock has a consensus rating of Hold and an average price target of GBX 2,198.73 ($28.63).

In other Coca Cola HBC AG news, insider SANDA PAREZANOVIC purchased 33 shares of Coca Cola HBC AG stock in a transaction dated Wednesday, May 17th. The shares were acquired at an average price of GBX 2,329 ($30.33) per share, for a total transaction of £768.57 ($1,000.87). Following the sale, the insider now owns 26,567 shares of the company's stock, valued at approximately $1,222,347.67.

In other news, insider JAN GUSTAVSSON bought 104 shares of the company's stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $46.01, for a total value of $1,111,417.56. The disclosure for this sale can be found here. Insiders have sold 614,841 shares of company stock valued at $27,900,186 in the last 90 days.

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

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