tiprankstipranks
Trending News
More News >

Fevertree Drinks Sees Change in Major Shareholder Holdings

Story Highlights
Fevertree Drinks Sees Change in Major Shareholder Holdings

Confident Investing Starts Here:

An announcement from Fevertree Drinks ( (GB:FEVR) ) is now available.

Fevertree Drinks PLC has announced a change in major holdings, with The Capital Group Companies, Inc. increasing its voting rights to 5.144183%. This acquisition of voting rights signifies a strategic move by The Capital Group, potentially impacting Fevertree’s future decisions and influencing its market positioning. The shares are managed under the discretionary investment management of Capital Group’s affiliates, indicating a strong institutional interest in Fevertree’s operations.

The most recent analyst rating on (GB:FEVR) stock is a Hold with a £1000.00 price target. To see the full list of analyst forecasts on Fevertree Drinks stock, see the GB:FEVR Stock Forecast page.

Spark’s Take on GB:FEVR Stock

According to Spark, TipRanks’ AI Analyst, GB:FEVR is a Outperform.

Fevertree Drinks’ strong financial performance and active share buyback program are the key drivers of its favorable stock score. While the high P/E ratio suggests potential overvaluation, the positive technical indicators and dividend yield provide additional support to the stock’s attractiveness.

To see Spark’s full report on GB:FEVR stock, click here.

More about Fevertree Drinks

Fevertree Drinks PLC is a UK-based company operating in the beverage industry, primarily known for producing premium mixers. The company focuses on providing high-quality tonic waters and other mixers that complement spirits, catering to both individual consumers and the hospitality sector.

Average Trading Volume: 498,975

Technical Sentiment Signal: Sell

Current Market Cap: £1.06B

For detailed information about FEVR stock, go to TipRanks’ Stock Analysis page.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App