Insider Selling: Coca-Cola Hellenic Bottling (CCH) Insider Sells £2,268,900 in Stock

Coca-Cola Hellenic Bottling (LON:CCH) insider JAN GUSTAVSSON sold 90,000 shares of the firm’s stock in a transaction on Monday, May 14th. The shares were sold at an average price of GBX 2,521 ($34.20), for a total transaction of £2,268,900 ($3,077,726.53).

CCH opened at GBX 2,574 ($34.92) on Friday. Coca-Cola Hellenic Bottling has a twelve month low of GBX 1,969 ($26.71) and a twelve month high of GBX 2,682 ($36.38).

The company also recently declared a dividend, which will be paid on Tuesday, July 24th. Investors of record on Thursday, June 28th will be issued a dividend of €0.54 ($0.64) per share. This represents a yield of 1.92%. This is a positive change from Coca-Cola Hellenic Bottling’s previous dividend of $0.44. The ex-dividend date of this dividend is Thursday, June 28th.

A number of equities analysts have recently commented on the stock. JPMorgan Chase raised their target price on shares of Coca-Cola Hellenic Bottling from GBX 2,400 ($32.56) to GBX 2,500 ($33.91) and gave the company a “neutral” rating in a research note on Friday, May 11th. Deutsche Bank reissued a “buy” rating and issued a GBX 2,850 ($38.66) target price on shares of Coca-Cola Hellenic Bottling in a research note on Friday, February 16th. Citigroup lowered their price target on shares of Coca-Cola Hellenic Bottling from GBX 2,900 ($39.34) to GBX 2,800 ($37.98) and set a “buy” rating for the company in a report on Wednesday, May 9th. Shore Capital reaffirmed a “hold” rating on shares of Coca-Cola Hellenic Bottling in a report on Wednesday, February 14th. Finally, Credit Suisse Group lowered their price target on shares of Coca-Cola Hellenic Bottling from GBX 2,820 ($38.25) to GBX 2,700 ($36.63) and set an “outperform” rating for the company in a report on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of GBX 2,578.30 ($34.97).

Coca-Cola Hellenic Bottling Company Profile

Coca-Cola HBC AG produces, distributes, and sells non-alcoholic ready-to-drink beverages. The company offers sparkling soft drinks; still drinks, including juices and fruit-based drinks, iced tea, coffee, and energy and sports drinks; and natural mineral, spring, and processed water. It markets and sells its products under the Coca-Cola, Coca-Cola Light, Coca-Cola Zero, Fanta, Sprite, Amita, Avra, Deep RiverRock, Fruice, and Nestea brand names; and distributes third-party products, such as Monster energy drinks, and beer and premium spirits.

Insider Buying and Selling by Quarter for Coca-Cola Hellenic Bottling (LON:CCH)

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