Coca-Cola HBC (LON:CCH) Insider Purchases £5,914.39 in Stock

Key Points

• Insider buying: Coca-Cola HBC CEO Zoran Bogdanovic purchased 127 shares for £5,914.39, following additional purchases in July and August. He previously sold 13,609 shares worth £654,320.72 in June.
• Stock performance: Shares fell GBX 362 to GBX 4,248, below their 50-day moving average of GBX 4,728.15 but above the 200-day average of GBX 4,540.75.
• Analyst outlook: Coca-Cola HBC has a consensus “Moderate Buy” rating from six analysts, with a consensus price target of GBX 5,320.60.

Coca-Cola HBC AG (LON:CCH - Get Free Report) insider Zoran Bogdanovic bought 127 shares of the stock in a transaction that occurred on Thursday, September 17th. The shares were purchased at an average price of GBX 4,657 per share, with a total value of £5,914.39.

Zoran Bogdanovic also recently made the following trade(s):

• On Monday, August 17th, Zoran Bogdanovic purchased 120 shares of Coca-Cola HBC stock. The shares were acquired at an average cost of GBX 4,553 per share, with a total value of £5,463.60.
• On Friday, July 17th, Zoran Bogdanovic purchased 110 shares of Coca-Cola HBC stock. The stock was bought at an average price of GBX 4,964 per share, for a total transaction of £5,460.40.
• On Friday, June 26th, Zoran Bogdanovic sold 13,609 shares of Coca-Cola HBC stock. The shares were sold at an average price of GBX 4,808, for a total transaction of £654,320.72.

Coca-Cola HBC Stock Performance

CCH traded down GBX 362 on Friday, reaching GBX 4,248. The company had a trading volume of 48,567,898 shares, compared to its average volume of 7,845,886. The company has a quick ratio of 0.80, a current ratio of 1.37 and a debt-to-equity ratio of 150.62. Coca-Cola HBC AG has a 1 year low of GBX 3,270 and a 1 year high of GBX 5,195. The stock has a market capitalization of £15.48 billion, a PE ratio of 16.40, a P/E/G ratio of 1.03 and a beta of 0.54. The stock has a 50-day moving average price of GBX 4,728.15 and a 200-day moving average price of GBX 4,540.75.

Wall Street Analysts Forecast Growth

CCH has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft raised their target price on shares of Coca-Cola HBC from GBX 5,700 to GBX 5,725 and gave the stock a "buy" rating in a research report on Wednesday. Citigroup raised their price objective on shares of Coca-Cola HBC from GBX 4,500 to GBX 5,025 and gave the stock a "neutral" rating in a research report on Friday, July 3rd. Jefferies Financial Group reaffirmed a "buy" rating and issued a GBX 5,500 target price on shares of Coca-Cola HBC in a report on Wednesday, August 5th. Finally, Berenberg Bank increased their target price on shares of Coca-Cola HBC from GBX 5,007 to GBX 5,453 and gave the stock a "buy" rating in a research note on Thursday, August 6th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 5,320.60.

About Coca-Cola HBC

Coca-Cola HBC is a growth-focused consumer packaged goods business and strategic bottling partner of The Coca-Cola Company. We open up moments that refresh us all, by creating value for our stakeholders and supporting the socio-economic development of the communities in which we operate. With a vision to be the leading 24/7 beverage partner, we offer drinks for all occasions around the clock and work together with our customers to serve 760 million consumers across a broad geographic footprint of 29 countries.

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