Zoran Bogdanovic Buys 120 Shares of Coca-Cola HBC (LON:CCH) Stock

Key Points

• Insider purchase: Coca-Cola HBC insider Zoran Bogdanovic bought 120 shares at GBX 4,553 each, a total investment of £5,463.60. He also made several recent trades, including a large purchase of 126,674 shares in June.
• Stock performance: Coca-Cola HBC shares rose to GBX 4,559, with the company valued at approximately £16.62 billion. The stock’s 52-week range is GBX 3,270 to GBX 5,195.
• Analyst outlook: Analysts maintain a broadly positive view, with five Buy ratings and one Hold rating. The consensus is “Moderate Buy,” with an average price target of GBX 5,315.60.

Coca-Cola HBC AG (LON:CCH - Get Free Report) insider Zoran Bogdanovic bought 120 shares of the business's stock in a transaction on Monday, August 17th. The stock was bought at an average price of GBX 4,553 per share, for a total transaction of £5,463.60.

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

• On Friday, July 17th, Zoran Bogdanovic acquired 110 shares of Coca-Cola HBC stock. The stock was purchased at an average cost 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.
• On Wednesday, June 17th, Zoran Bogdanovic purchased 126,674 shares of Coca-Cola HBC stock. The shares were acquired at an average cost of GBX 4,591 per share, for a total transaction of £5,815,603.34.

Coca-Cola HBC Stock Performance

CCH stock traded up GBX 21 during trading on Tuesday, reaching GBX 4,559. 1,833,330 shares of the company's stock were exchanged, compared to its average volume of 7,734,579. Coca-Cola HBC AG has a 1-year low of GBX 3,270 and a 1-year high of GBX 5,195. The company's fifty day moving average price is GBX 4,824.23 and its 200-day moving average price is GBX 4,527.71. The company has a quick ratio of 0.80, a current ratio of 1.37 and a debt-to-equity ratio of 150.62. The firm has a market cap of £16.62 billion, a PE ratio of 17.60, a P/E/G ratio of 1.03 and a beta of 0.55.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft boosted their target price on Coca-Cola HBC from GBX 5,550 to GBX 5,700 and gave the stock a "buy" rating in a report on Thursday, August 6th. UBS Group restated a "buy" rating and issued a GBX 4,900 price objective on shares of Coca-Cola HBC in a report on Tuesday, May 5th. Berenberg Bank lifted their target price on Coca-Cola HBC from GBX 5,007 to GBX 5,453 and gave the stock a "buy" rating in a report on Thursday, August 6th. Citigroup raised their price objective on shares of Coca-Cola HBC from GBX 4,500 to GBX 5,025 and gave the company a "neutral" rating in a research report on Friday, July 3rd. Finally, Jefferies Financial Group reaffirmed a "buy" rating and issued a GBX 5,500 price objective on shares of Coca-Cola HBC in a research note on Wednesday, August 5th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of GBX 5,315.60.

Coca-Cola HBC Company Profile

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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