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Coca-Cola HBC Ltd (GB:CCH)
LSE:CCH

Coca Cola HBC (CCH) AI Stock Analysis

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GB:CCH

Coca Cola HBC

(LSE:CCH)

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Outperform 75 (OpenAI - 5.2)
Rating:75Outperform
Price Target:
5,292.00p
▲(10.02% Upside)
Action:ReiteratedDate:02/18/26
The score is driven primarily by strong underlying profitability and a positive, guidance-backed earnings outlook, supported by a clear bullish price trend. Offsetting factors are leverage and weakening cash conversion in the financial statements, a relatively full valuation (P/E ~21), and technically overextended momentum that raises near-term pullback risk.
Positive Factors
Multi-year revenue and margin expansion
Coca‑Cola HBC has delivered sustained top‑line growth and improving margins over multiple years, creating a larger, more resilient earnings base. That scale supports pricing power, investment capacity and consistent operating leverage, underpinning durable profit growth and reinvestment ability.
High‑growth categories and Emerging market exposure
Robust Energy category growth and strong Emerging‑market performance materially diversify and accelerate group revenue and earnings. Faster‑growing, higher‑margin categories plus emerging geography exposure create durable upside vs. mature markets, supporting medium‑term volume and mix gains.
Productivity investments driving higher ROIC
Targeted capital and digital investments (automation, routing, connected coolers, AI pilots) have lifted ROIC, indicating the company is converting reinvestment into efficiency and revenue per case gains. Higher ROIC enhances long‑term margin sustainability and supports disciplined growth funding.
Negative Factors
Elevated leverage and post‑deal debt rise
A relatively debt‑heavy capital structure and an expected lift in net leverage after the CCBA acquisition reduce financial flexibility and increase sensitivity to interest rates and refinancing. Higher structural leverage can constrain strategic optionality and raise financing costs over the next 2–6 months.
Weaker cash conversion and FCF decline
A drop in free cash flow conversion versus net income signals higher reinvestment needs or working‑capital drag, limiting capacity to rapidly deleverage or boost shareholder returns. Persistently softer cash conversion would pressure liquidity and capital allocation flexibility over the medium term.
Commodity and FX exposure across markets
Material input inflation and only partial hedging leave margins exposed to commodity swings; significant African exposure adds translational FX and macro volatility. These structural input and geographic risks can compress margins and complicate forecasting across the medium term.

Coca Cola HBC (CCH) vs. iShares MSCI United Kingdom ETF (EWC)

Coca Cola HBC Business Overview & Revenue Model

Company DescriptionCoca-Cola HBC AG engages in the production, distribution, and sale of non-alcoholic ready-to-drink beverages worldwide. The company offers sparkling soft drinks, hydration drinks, juices, ready-to-drink tea, energy drinks, coffee, water, plant-based drinks, premium spirits and flavored alcoholic beverages, and snacks. It markets and sells its products under several brands, including Coca-Cola, Fanta, Sprite, Adez, Aquarius, Averna, Amita, Avra, Deep RiverRock, Fruice, Kinley, Schweppes, and various other brands; and distributes third-party products, such as Monster energy drinks, and beer. The company serves retail outlets, including supermarkets, hypermarkets, discounters, convenience stores, wholesalers, hotels, restaurants, cafés, and e-commerce retailers. Coca-Cola HBC AG was founded in 1969 and is headquartered in Steinhausen, Switzerland.
How the Company Makes MoneyCoca-Cola HBC generates revenue primarily through the sale of beverages to retailers, food service outlets, and vending machine operators. The company operates under a revenue model that includes direct sales and distribution agreements, where it earns profits by selling its products at wholesale prices. Key revenue streams include the sale of Coca-Cola branded products, as well as its own proprietary brands, which contribute to its overall earnings. Additionally, CCH benefits from strong partnerships with The Coca-Cola Company, leveraging brand recognition and marketing support. The company's focus on expanding its product offerings, entering new markets, and optimizing its supply chain also plays a crucial role in its revenue generation.

Coca Cola HBC Earnings Call Summary

Earnings Call Date:Feb 10, 2026
(Q4-2025)
|
% Change Since: |
Next Earnings Date:Aug 12, 2026
Earnings Call Sentiment Positive
The call presents a strongly positive operational and financial performance for 2025: double-digit EBIT and EPS growth, robust free cash flow, significant category momentum (notably Energy), meaningful progress in Emerging markets, and strategic expansion via the CCBA acquisition. Management is investing behind growth (higher CapEx and marketing), upgrading digital and AI capabilities, and increasing shareholder returns. Key near-term risks include profit drag in Established markets from stepped-up investments, COGS/commodity exposure, FX and macro uncertainty—particularly tied to African markets and the pending CCBA transaction—and an expected normalization of finance costs in 2026. On balance, the highlights (strong organic growth, margin expansion, cash generation, category and market outperformance and clear strategic rationale for CCBA) materially outweigh the lowlights.
Q4-2025 Updates
Positive Updates
Strong Top-Line Growth
Organic revenue grew 8.1% in 2025 with volume growth of 2.8%, reflecting broad-based momentum across Sparkling and Energy categories.
Robust EBIT and Margin Expansion
Comparable EBIT reached nearly EUR 1.4 billion, up 11.5% organically, with comparable EBIT margin improving by 60 basis points to 11.7% (40 bps organically), a record high for the company.
Significant EPS and Free Cash Flow Performance
Comparable EPS rose ~19.7% to EUR 2.72 and the group delivered free cash flow of EUR 700 million despite a step-up in CapEx.
Energy Category Acceleration
Energy volumes grew 28% (tenth consecutive year of double-digit growth), the category surpassed EUR 1 billion in revenue and now represents ~9% of group revenue.
Emerging Markets Outperformance
Emerging segment revenue increased 13.2% with volumes up 4.4% and comparable EBIT up 23.2%, benefiting from pricing, positive category mix and cycling of prior FX remeasurement impacts.
Progress in Strategic M&A (CCBA Acquisition)
Agreement to acquire Coca-Cola Beverages Africa (CCBA) announced; transaction expected to be low single-digit EPS accretive in the first full year post-completion and to materially expand exposure to high-growth African markets (target completion by end-2026).
Investments for Growth and Higher ROI
CapEx increased to EUR 828 million (up EUR 148 million) to support capacity, automation and digital, while return on invested capital expanded 100 basis points to 19.4%.
Shareholder Returns Increased
Proposed dividend per share raised to EUR 1.20, up 17% year-on-year, within a progressive payout policy targeting a 40%–50% range.
Sustainability and Community Impact
Advanced packaging and circularity initiatives (deposit return systems with >80% return rates in recent launches), progress on packaging/climate/water goals and EUR 2.3 million disaster relief plus an additional $5 million commitment for the foundation.
Operational & Digital Capability Gains
Digital/logistics improvements: dynamic routing reduced travel time by 15% (live in 22 markets), Always-On connected coolers increased 20%, Customer Portal live in 22 markets, and AI pilot (Ignite Naija) showed higher volume and revenue per case in pilot outlets.
Consistent Multi-Year Track Record
Fifth consecutive year of strong growth, 20 consecutive quarters of organic revenue growth; five-year averages: organic volume ~4%, revenue growth ~15% and EBIT growth ~14%.
Negative Updates
Established Segment Profit Pressure
Established segment comparable EBIT declined 2.8% as the company stepped up investments (direct marketing increased ~40 basis points of revenue), causing margin pressure despite revenue per case up 2.3% and volumes broadly flat.
Softness in Some Categories and Markets
Stills category/juices/RTD tea faced weakness (stills volumes down high single digits in Developing; overall Stills volumes declined ~1%); country-specific softness in Austria and Poland (Poland volumes declined for the year before improving in H2).
Commodity and COGS Pressures
COGS per case inflation was 3.8% in 2025; while moderation is expected, exposure remains for commodities such as aluminum and PET and hedges cover only part of inputs (current hedging >55%).
Higher CapEx and Near-Term Financing Costs
CapEx stepped up to EUR 828 million (7.1% of revenue, up 80 bps), and finance costs are expected to normalize/increase in 2026 (guidance EUR 25m–45m), with bridge financing costs (low single-digit EUR millions) and potential future debt related to CCBA completion.
FX and Macroeconomic Uncertainty
Translational FX headwind guidance of EUR 0m–30m for 2026 and continued sensitivity to macro/geopolitical volatility, especially in African markets—net debt/EBITDA will rise post-CCBA (expected to remain within 1.5–2x target).
Selective Category Setbacks
Ready-to-drink juices and some still RTD formats declined, and some markets required prioritization of profitable growth over volume (e.g., selective water strategy in Italy impacted near-term volumes).
Marketing Investment Drag in Near Term
Stepped-up marketing and activation spend (Winter Olympics, Share a Coke, Finlandia campaign) compressed short-term EBIT in certain segments even though management expects these to drive future growth.
Company Guidance
The company guided to organic revenue growth in its medium‑term range of 6–7% for 2026 with organic comparable EBIT growth of 7–10%; it flagged translational FX headwinds of €0–30m and finance costs of €25–45m (including bridge financing costs of low single‑digit €m in Q2), noted the 2025 comparable tax rate was 27.1%, and reiterated medium‑term margin expansion ambitions of roughly 20–40 basis points. Management also confirmed its capital allocation framework — 2025 CapEx was €828m (7.1% of revenue) within a target range of 6.5–7.5%, free cash flow was €700m, ROIC rose to 19.4%, net debt/EBITDA stood at 0.7x (expected to be 1.5–2x post‑CCBA), the CCBA deal is expected to be low single‑digit EPS accretive in the first full year, and the progressive dividend policy targets a 40–50% payout (2025 dividend €1.20, +17%).

Coca Cola HBC Financial Statement Overview

Summary
Fundamentals are strong on profitability and multi-year revenue expansion (Income Statement Score 84), but tempered by a debt-heavy capital structure (Balance Sheet Score 67) and softer recent cash conversion with a 2025 free-cash-flow decline (Cash Flow Score 63).
Income Statement
84
Very Positive
Revenue has expanded steadily from 2020 to 2025 (from ~£6.1B to ~£11.4B), with profitability improving meaningfully over the same period. Net margin rose from ~6.8% (2020) to ~8.1% (2025) and operating profit margin improved versus 2022–2023 levels, supporting strong earnings momentum (net income up to ~£923M in 2025 from ~£415M in 2022). Offsetting this, the 2025 reported revenue growth rate is modest and indicates slowing growth versus prior years, suggesting the company may be moving from a high-growth recovery phase into a more mature, steadier trajectory.
Balance Sheet
67
Positive
The balance sheet shows moderate-to-elevated leverage: debt runs at roughly 1.1x equity in 2025 (and peaked around ~1.24x in 2024). Equity has grown since 2020, and returns on equity were strong in the years provided (notably 2023–2024), which supports the investment case. However, the consistently debt-heavy capital structure reduces flexibility and raises sensitivity to rates and refinancing conditions relative to a more conservatively financed peer set.
Cash Flow
63
Positive
Cash generation is solid in absolute terms (operating cash flow ~£1.47B and free cash flow ~£733M in 2025), but conversion has softened. Free cash flow declined in 2025 (negative growth) and free cash flow covered only about half of net income in 2025 (down from the mid-to-high 50% range in 2021–2024), pointing to higher reinvestment needs or working-capital drag. Operating cash flow relative to debt remains fairly low and largely unchanged (~0.35–0.47 across the period), implying debt paydown capacity is steady but not particularly strong.
BreakdownDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue11.39B10.75B10.18B9.20B7.17B
Gross Profit4.19B3.88B3.56B3.15B2.60B
EBITDA1.70B1.62B1.38B1.22B1.13B
Net Income923.42M820.60M636.50M415.40M547.20M
Balance Sheet
Total Assets11.61B10.65B9.88B9.86B8.51B
Cash, Cash Equivalents and Short-Term Investments2.73B2.45B1.93B1.75B1.62B
Total Debt4.13B3.98B3.42B3.42B2.94B
Total Liabilities7.67B7.35B6.69B6.47B5.40B
Stockholders Equity3.85B3.21B3.09B3.28B3.11B
Cash Flow
Free Cash Flow732.53M776.50M776.00M711.20M635.70M
Operating Cash Flow1.47B1.39B1.39B1.23B1.14B
Investing Cash Flow-4.42M-820.90M-268.80M-1.08B-1.26B
Financing Cash Flow-555.09M-205.50M-412.40M-198.70M-322.40M

Coca Cola HBC Technical Analysis

Technical Analysis Sentiment
Positive
Last Price4810.00
Price Trends
50DMA
4145.48
Positive
100DMA
3864.34
Positive
200DMA
3839.39
Positive
Market Momentum
MACD
212.09
Positive
RSI
77.94
Negative
STOCH
60.63
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:CCH, the sentiment is Positive. The current price of 4810 is above the 20-day moving average (MA) of 4566.90, above the 50-day MA of 4145.48, and above the 200-day MA of 3839.39, indicating a bullish trend. The MACD of 212.09 indicates Positive momentum. The RSI at 77.94 is Negative, neither overbought nor oversold. The STOCH value of 60.63 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:CCH.

Coca Cola HBC Peers Comparison

Overall Rating
UnderperformOutperform
Sector (62)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
75
Outperform
£17.26B21.6928.56%1.96%6.00%42.42%
74
Outperform
£1.08B44.899.97%2.11%-6.03%13.11%
70
Outperform
£774.29M15.9015.73%2.74%3.97%34.09%
67
Neutral
£349.53M20.2518.67%3.39%3.04%-6.67%
66
Neutral
£35.78B20.3822.29%5.00%-2.83%-40.42%
65
Neutral
£423.58M24.813.72%4.05%-2.22%
62
Neutral
$20.33B14.63-3.31%3.23%1.93%-12.26%
* Consumer Defensive Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
GB:CCH
Coca Cola HBC
4,748.00
1,471.80
44.92%
GB:DGE
Diageo
1,609.00
-499.32
-23.68%
GB:FEVR
Fevertree Drinks
939.00
244.42
35.19%
GB:BAG
AG Barr
696.00
100.02
16.78%
GB:NICL
Nichols
956.00
-305.91
-24.24%
GB:CCR
C&C Group Plc
115.00
-26.69
-18.84%

Coca Cola HBC Corporate Events

Regulatory Filings and Compliance
Coca-Cola HBC Discloses £9.35m Share Sale by Leventis Family Trust
Neutral
Feb 18, 2026

Coca-Cola HBC AG reported a transaction involving a person closely associated with non-executive director and PDMR George Pavlos Leventis. The transaction concerns ordinary shares of CHF 6.70 each in Coca-Cola HBC sold on behalf of a private discretionary trust connected to the Leventis family.

The trust sold 197,435 Coca-Cola HBC shares at a price of GBP 47.3822416 per share, generating a total consideration of about GBP 9.35 million. The sale, executed on 17 February 2026 on BATP, represents a restructuring of holdings by the family trust and was disclosed in line with UK and EU Market Abuse Regulation requirements.

The most recent analyst rating on (GB:CCH) stock is a Hold with a £5033.00 price target. To see the full list of analyst forecasts on Coca Cola HBC stock, see the GB:CCH Stock Forecast page.

Regulatory Filings and Compliance
Coca‑Cola HBC Discloses Leventis Family‑Linked Trust Share Sale
Neutral
Feb 18, 2026

Coca‑Cola HBC AG reported a restructuring of holdings involving a person closely associated with non‑executive director and PDMR Anastasios Ioannis Leventis. A private discretionary trust, established for members of the Leventis family, sold 197,435 Coca‑Cola HBC ordinary shares at £47.3822416 per share, generating a net amount of about £9.33 million.

The transaction, executed on 17 February 2026 on BATP, reflects internal shareholding changes among major family‑related stakeholders rather than an operational shift at the company. It was disclosed in line with UK and EU Market Abuse Regulation rules on transparency for dealings by persons discharging managerial responsibilities and their closely associated entities.

The most recent analyst rating on (GB:CCH) stock is a Hold with a £5033.00 price target. To see the full list of analyst forecasts on Coca Cola HBC stock, see the GB:CCH Stock Forecast page.

Business Operations and StrategyRegulatory Filings and Compliance
Coca-Cola HBC Executives Boost Holdings Through Employee Share Plan
Positive
Feb 18, 2026

Coca-Cola HBC has disclosed a series of share transactions by senior executives under its Employee Share Purchase Plan, with the chief executive officer and other persons discharging managerial responsibilities acquiring ordinary shares on 17 February 2026. The company also made matching contributions to buy additional shares on their behalf, underscoring the continued alignment of top management’s incentives with shareholder interests through increased equity participation.

The notification details purchases conducted on the London Stock Exchange at a price of £47.51203 per share, covering roles including the CEO, general counsel, regional directors and other senior leaders. While routine under regulatory disclosure rules, the transactions indicate ongoing use of the share purchase plan as a tool for long-term retention and engagement of key management, reinforcing corporate governance practices around transparency in insider dealings.

The most recent analyst rating on (GB:CCH) stock is a Hold with a £5033.00 price target. To see the full list of analyst forecasts on Coca Cola HBC stock, see the GB:CCH Stock Forecast page.

Business Operations and StrategyExecutive/Board Changes
Coca-Cola HBC Grants Performance Shares to Incoming People and Culture Chief
Positive
Feb 17, 2026

Coca-Cola HBC AG has granted 48,777 nil-cost performance shares to incoming chief people and culture officer Toon Iman Paul van der Veer under its Stock Option and Performance Share Award Plan. The award, priced notionally at GBP 47.04 per share, is structured to vest in three equal tranches between March 2026 and March 2028, subject to the company meeting specified performance conditions.

The grant spans the 2023–2025, 2024–2026, and 2025–2027 performance share plans, aligning the new executive’s remuneration with long-term shareholder value creation. By tying a significant portion of van der Veer’s compensation to multi-year performance metrics, Coca-Cola HBC reinforces its pay-for-performance framework and signals a continued focus on talent retention and strategic execution at the senior leadership level.

The most recent analyst rating on (GB:CCH) stock is a Buy with a £4900.00 price target. To see the full list of analyst forecasts on Coca Cola HBC stock, see the GB:CCH Stock Forecast page.

Regulatory Filings and Compliance
Coca-Cola HBC COO Sells 25,000 Shares in Market-Notified Transaction
Neutral
Feb 17, 2026

Coca-Cola HBC AG disclosed that its chief operating officer, Panagiota Kalogeraki, has sold 25,000 ordinary shares in the company. The shares, with a nominal value of CHF 6.70 each, were sold on 16 February 2026 at a price of GBP 46.60 per share on the London Stock Exchange.

The transaction, executed under an employee stock purchase plan, generated a total consideration of about GBP 1.17 million. The company stated that the notification was made in line with the requirements of the UK and EU Market Abuse Regulations, underscoring its compliance with reporting obligations for senior management dealings.

The most recent analyst rating on (GB:CCH) stock is a Buy with a £4900.00 price target. To see the full list of analyst forecasts on Coca Cola HBC stock, see the GB:CCH Stock Forecast page.

Regulatory Filings and Compliance
Coca-Cola HBC Discloses Share Sale by Regional Director Vladimir Kosijer
Neutral
Feb 16, 2026

Coca-Cola HBC AG disclosed that Regional Director Vladimir Kosijer sold 5,022 previously vested performance plan shares in the company on 13 February 2026. The transaction, executed on the London Stock Exchange at £47.00 per share, is reported under UK and EU Market Abuse Regulation rules, underscoring ongoing transparency around senior executive share dealings for investors.

The sale, derived from a performance share award plan, amounted to a total transaction value of about £236,000 before adjustments, indicating that part of Kosijer’s compensation continues to be linked to equity incentives. Such disclosures help stakeholders monitor insider activity, though a single sale of this size is unlikely to materially affect Coca-Cola HBC’s capital structure or broader market position.

The most recent analyst rating on (GB:CCH) stock is a Buy with a £4900.00 price target. To see the full list of analyst forecasts on Coca Cola HBC stock, see the GB:CCH Stock Forecast page.

Regulatory Filings and Compliance
Coca-Cola HBC CEO Zoran Bogdanovic Sells £1.4 Million in Shares
Neutral
Feb 16, 2026

Coca-Cola HBC AG disclosed that its chief executive officer, Zoran Bogdanovic, sold 30,000 previously vested ordinary shares on 13 February 2026 on the London Stock Exchange. The shares, part of a Management Incentive Plan deferred share award, were sold at a price of GBP 46.937823 per share for a total value of about GBP 1.4 million, in a transaction reported under UK and EU market abuse regulations.

The most recent analyst rating on (GB:CCH) stock is a Buy with a £4900.00 price target. To see the full list of analyst forecasts on Coca Cola HBC stock, see the GB:CCH Stock Forecast page.

Regulatory Filings and Compliance
Coca-Cola HBC discloses insider-related sale of 32,268 shares by PCA to chairman
Neutral
Feb 13, 2026

Coca-Cola HBC AG disclosed that Ari Holdings Limited, a person closely associated with chairman and PDMR Anastassis G. David, executed two share sale transactions in the company on 12 February 2026. The disposals, conducted on the London Stock Exchange, involved a combined sale of 32,268 ordinary shares at prices slightly above GBP 47 per share, in line with UK and EU Market Abuse Regulation disclosure requirements.

The first transaction saw Ari Holdings sell 2,991 shares at GBP 47.1282648 each, while the second involved the sale of 29,277 shares at GBP 47.1065331, generating total proceeds in the low seven-figure pound range. The notification underscores ongoing transparency around dealings by persons discharging managerial responsibilities and their closely associated entities, providing investors with visibility into insider-related share movements without indicating any explicit change in the company’s strategic outlook.

The most recent analyst rating on (GB:CCH) stock is a Buy with a £4900.00 price target. To see the full list of analyst forecasts on Coca Cola HBC stock, see the GB:CCH Stock Forecast page.

Regulatory Filings and Compliance
Coca-Cola HBC Discloses Share Sale by New Business Director
Neutral
Feb 12, 2026

Coca-Cola HBC AG disclosed that Jaak Mikkel, its New Business Director and a person discharging managerial responsibilities, sold 30,000 previously vested ordinary shares in the company on 11 February 2026. The sale, executed on the London Stock Exchange at an average price of GBP 45.720391 per share, generated proceeds of roughly GBP 1.37 million and was reported in line with UK and EU Market Abuse Regulation transparency requirements.

The transaction stems from a prior performance share award plan, indicating the monetisation of equity-based compensation rather than a change in the company’s capital structure. While such insider sales can attract investor attention, the notification primarily serves to ensure regulatory compliance and maintain disclosure standards for stakeholders monitoring executive dealings in Coca-Cola HBC stock.

The most recent analyst rating on (GB:CCH) stock is a Buy with a £4900.00 price target. To see the full list of analyst forecasts on Coca Cola HBC stock, see the GB:CCH Stock Forecast page.

Regulatory Filings and Compliance
Coca-Cola HBC Discloses Share Sale by Regional Director
Neutral
Feb 12, 2026

Coca-Cola HBC AG has disclosed that regional director and person discharging managerial responsibilities Minas Agelidis sold 10,000 previously vested ordinary shares in the company on 11 February 2026. The shares, part of a performance share award plan, were sold on the London Stock Exchange at GBP 46.405814 each, for total proceeds of about GBP 464,058, in a transaction reported under UK and EU Market Abuse Regulation transparency rules.

The notification underscores ongoing compliance with regulatory requirements on insider dealings and transparency around share transactions by senior management. While the sale modestly reduces the executive’s direct exposure to the stock, it does not in itself signal a change in company strategy, but provides investors with visibility into management equity dealings that could inform perceptions of insider confidence and corporate governance standards.

The most recent analyst rating on (GB:CCH) stock is a Buy with a £4900.00 price target. To see the full list of analyst forecasts on Coca Cola HBC stock, see the GB:CCH Stock Forecast page.

Business Operations and StrategyFinancial DisclosuresM&A Transactions
Coca-Cola HBC Delivers Fifth Year of Growth and Expands African Footprint
Positive
Feb 10, 2026

Coca-Cola HBC AG reported strong 2025 results, with organic revenue up 8.1% to €11.6 billion, driven by 2.8% volume growth and higher revenue per case, particularly in sparkling and energy drinks. Comparable EBIT rose 11.5% on an organic basis, margins expanded, and the group gained 80 basis points of value share in non-alcoholic ready-to-drink beverages, extending its streak of market share gains.

Performance was robust across all segments, led by double-digit organic revenue and EBIT growth in emerging markets, especially Africa, while free cash flow remained resilient at €700 million despite increased capital expenditure. The company advanced its strategy with the agreed acquisition of Coca-Cola Beverages Africa, stepped-up investments in marketing, AI-driven revenue management and sustainability initiatives, and guided for continued mid‑single to high‑single-digit organic growth in revenue and EBIT in 2026 despite a challenging macroeconomic backdrop.

The most recent analyst rating on (GB:CCH) stock is a Buy with a £49.00 price target. To see the full list of analyst forecasts on Coca Cola HBC stock, see the GB:CCH Stock Forecast page.

Regulatory Filings and Compliance
Coca-Cola HBC Updates Treasury Share Position and Voting Rights After Incentive Plan Vesting
Neutral
Feb 2, 2026

Coca-Cola HBC has transferred 18,941 ordinary shares from treasury to fulfil awards under its management incentive deferred share plan for the month ended 31 January 2026. Following this transfer, the company’s issued share capital stands at 373,239,562 ordinary shares, of which a combined 9,712,727 shares are held in treasury by Coca-Cola HBC AG and its subsidiary, resulting in 363,526,835 voting rights for shareholders to use as a reference for regulatory disclosure thresholds under the UK’s Disclosure Guidance and Transparency Rules.

The most recent analyst rating on (GB:CCH) stock is a Buy with a £4365.00 price target. To see the full list of analyst forecasts on Coca Cola HBC stock, see the GB:CCH Stock Forecast page.

Business Operations and StrategyRegulatory Filings and Compliance
Coca-Cola HBC Executives Boost Holdings Through Employee Share Purchase Plan
Positive
Jan 19, 2026

Coca-Cola HBC has disclosed a series of share purchases by senior executives and other persons discharging managerial responsibilities under its Employee Share Purchase Plan (ESPP). On 16 January 2026, multiple PDMRs, including CEO Zoran Bogdanovic and other top managers, acquired ordinary shares in the company on the London Stock Exchange, with the company also making matching contributions in line with the ESPP rules. The transactions, carried out at a price of £39.53418 per share, underline ongoing equity-based alignment between management and shareholders and provide additional transparency on insider dealings as required by market regulations.

The most recent analyst rating on (GB:CCH) stock is a Buy with a £4338.00 price target. To see the full list of analyst forecasts on Coca Cola HBC stock, see the GB:CCH Stock Forecast page.

Business Operations and StrategyM&A TransactionsShareholder Meetings
Coca-Cola HBC Secures Shareholder Backing for Capital and Governance Changes Linked to Planned Deal
Positive
Jan 19, 2026

Coca-Cola HBC shareholders have approved all three Board proposals at an extraordinary general meeting in Zug, clearing key legal and governance hurdles tied to a previously announced Sale and Purchase Agreement and associated Option Agreement. The votes, with support levels around or above 98%, introduce a capital band in the articles, authorise the use and transfer of treasury shares with pre-emptive rights excluded for this transaction, and implement governance changes aligned with the Coca-Cola HBC Shareholder Agreement, collectively paving the way for completion of the deal and formalising an updated ownership and oversight framework for the group.

The most recent analyst rating on (GB:CCH) stock is a Buy with a £4338.00 price target. To see the full list of analyst forecasts on Coca Cola HBC stock, see the GB:CCH Stock Forecast page.

Business Operations and StrategyFinancial Disclosures
Coca-Cola HBC Sets 10 February Date for Full-Year 2025 Results and Investor Call
Neutral
Jan 13, 2026

Coca-Cola HBC AG will publish its full-year 2025 financial results on 10 February 2026 at 7:00 a.m. GMT, followed by a conference call for investors and analysts at 9:00 a.m. GMT, with both the release and subsequent webcast, recording and transcript to be made available on the company’s investor relations website. The scheduled disclosure underlines the group’s ongoing engagement with capital markets and provides a key upcoming catalyst for shareholders and analysts monitoring the performance and strategic progress of one of Europe’s largest Coca-Cola bottlers.

The most recent analyst rating on (GB:CCH) stock is a Buy with a £47.00 price target. To see the full list of analyst forecasts on Coca Cola HBC stock, see the GB:CCH Stock Forecast page.

Executive/Board ChangesRegulatory Filings and Compliance
Coca-Cola HBC CEO Retains Majority of Vested Deferred Share Award
Neutral
Jan 5, 2026

Coca-Cola HBC AG has reported a routine management share transaction involving Chief Executive Officer Zoran Bogdanovic under the company’s Management Incentive Plan. A deferred bonus award of 18,941 ordinary shares, linked to his 2022 performance-related annual bonus and granted in March 2023, vested on 31 December 2025; Bogdanovic sold 1,009 shares to meet tax and other liabilities and retained 17,932 shares. The disclosure, made under UK and EU Market Abuse Regulation requirements, underscores standard governance and transparency practices around executive compensation rather than any shift in the group’s operational strategy or financial outlook.

The most recent analyst rating on (GB:CCH) stock is a Hold with a £3830.00 price target. To see the full list of analyst forecasts on Coca Cola HBC stock, see the GB:CCH Stock Forecast page.

Executive/Board ChangesRegulatory Filings and Compliance
Coca-Cola HBC Grants Performance Shares to Chief Operating Officer
Neutral
Dec 23, 2025

Coca-Cola HBC AG has awarded Chief Operating Officer Panagiota Kalogeraki 5,898.31 performance shares at nil cost under its 2025–2027 Performance Share Plan, with a reference share price of GBP 35.90. The shares are scheduled to vest in November 2028 subject to performance conditions, and the company emphasised that the grant was deferred to ensure compliance with UK and EU Market Abuse Regulation, underscoring its commitment to regulatory standards and performance-linked executive remuneration.

The most recent analyst rating on (GB:CCH) stock is a Hold with a £3830.00 price target. To see the full list of analyst forecasts on Coca Cola HBC stock, see the GB:CCH Stock Forecast page.

Regulatory Filings and Compliance
Coca-Cola HBC Discloses Share Sale by Regional Director Under Stock Plan
Neutral
Dec 22, 2025

Coca-Cola HBC AG has disclosed that regional director Minas Agelidis, a person discharging managerial responsibilities, sold 8,000 ordinary shares in the company on 19 December 2025 under an employee stock purchase plan, at a price of £38.016025 per share on the London Stock Exchange. The transaction, carried out in compliance with UK and EU Market Abuse Regulation disclosure requirements, generated gross proceeds of just over £304,000 and underscores the company’s ongoing adherence to transparency rules governing insider dealings in its securities.

The most recent analyst rating on (GB:CCH) stock is a Hold with a £3830.00 price target. To see the full list of analyst forecasts on Coca Cola HBC stock, see the GB:CCH Stock Forecast page.

Regulatory Filings and Compliance
Coca-Cola HBC CFO Sells 6,000 Shares Under Employee Stock Plan
Neutral
Dec 18, 2025

Coca-Cola HBC AG has disclosed that its Chief Financial Officer, Anastasios Stamoulis, sold 6,000 ordinary shares in the company on 17 December 2025 through the London Stock Exchange. The transaction, executed under the company’s employee stock purchase plan at a price of GBP 37.681437 per share, amounted to a total value of approximately GBP 226,088.62 and was reported in line with UK and EU Market Abuse Regulation requirements, providing transparency to investors and regulators about dealings by senior management.

The most recent analyst rating on (GB:CCH) stock is a Buy with a £4400.00 price target. To see the full list of analyst forecasts on Coca Cola HBC stock, see the GB:CCH Stock Forecast page.

Other
Coca-Cola HBC Executives Increase Holdings Through Employee Share Plan
Neutral
Dec 18, 2025

Coca-Cola HBC AG disclosed that several persons discharging managerial responsibilities, including CEO Zoran Bogdanovic and other senior executives, purchased ordinary shares in the company on 17 December 2025 through its Employee Share Purchase Plan, with the company making matching contributions in line with the plan’s rules at a price of £37.73366 per share. The transactions, conducted on the London Stock Exchange, underscore ongoing alignment of management and shareholder interests via increased insider equity ownership, but do not in themselves signal any change to the company’s strategic direction or operational outlook.

The most recent analyst rating on (GB:CCH) stock is a Buy with a £4400.00 price target. To see the full list of analyst forecasts on Coca Cola HBC stock, see the GB:CCH Stock Forecast page.

M&A TransactionsShareholder Meetings
Coca-Cola HBC to Hold EGM for Major African Acquisition
Positive
Dec 17, 2025

Coca-Cola HBC AG has announced an Extraordinary General Meeting (EGM) scheduled for January 19, 2026, to discuss its acquisition of a 75% equity interest in Coca-Cola Beverages Africa. The acquisition, valued at $3.4 billion, involves purchasing shares from TCCC Sellers and Gutsche Family Investments. The EGM will address shareholder approvals required for the transaction, including amendments to the company’s articles of association and the issuance of new shares. This acquisition is a strategic move for Coca-Cola HBC, enhancing its market presence in Africa and aligning with its growth objectives.

The most recent analyst rating on (GB:CCH) stock is a Buy with a £4400.00 price target. To see the full list of analyst forecasts on Coca Cola HBC stock, see the GB:CCH Stock Forecast page.

Regulatory Filings and Compliance
Coca-Cola HBC CEO Sells Company Shares
Neutral
Nov 24, 2025

Coca-Cola HBC AG announced that its CEO, Zoran Bogdanovic, sold 15,000 ordinary shares of the company at a price of GBP 36.16 per share, amounting to approximately GBP 540,637. This transaction was conducted under the Employee Stock Purchase Plan and is in compliance with the UK and EU Market Abuse Regulations. The sale of shares by a high-ranking executive could be interpreted as a signal to stakeholders about the executive’s perspective on the company’s current valuation or future prospects.

The most recent analyst rating on (GB:CCH) stock is a Hold with a £40.00 price target. To see the full list of analyst forecasts on Coca Cola HBC stock, see the GB:CCH Stock Forecast page.

Business Operations and Strategy
Coca-Cola HBC Enhances Employee Investment with Share Purchase Plan
Positive
Nov 18, 2025

Coca-Cola HBC AG announced that several persons discharging managerial responsibilities (PDMRs) have acquired ordinary shares through the company’s Employee Share Purchase Plan (ESPP). The company also made matching contributions to these acquisitions, reflecting its commitment to employee investment in the company. This move is likely to strengthen employee engagement and align managerial interests with shareholder value, potentially enhancing the company’s operational performance and market positioning.

The most recent analyst rating on (GB:CCH) stock is a Hold with a £40.00 price target. To see the full list of analyst forecasts on Coca Cola HBC stock, see the GB:CCH Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Feb 18, 2026