Fevertree Drinks PLC (LON:FEVR) insider Andrew Branchflower sold 26,905 shares of the stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of GBX 2,596 ($36.44), for a total value of £698,453.80 ($980,423.64).
Fevertree Drinks stock traded up GBX 16 ($0.22) during mid-day trading on Friday, reaching GBX 2,705 ($37.97). 371,123 shares of the company were exchanged, compared to its average volume of 460,543. Fevertree Drinks PLC has a 12 month low of GBX 1,353.93 ($19.01) and a 12 month high of GBX 2,926 ($41.07).
The business also recently disclosed a dividend, which will be paid on Friday, May 25th. Shareholders of record on Thursday, April 19th will be paid a dividend of GBX 7.64 ($0.11) per share. This represents a yield of 0.26%. The ex-dividend date of this dividend is Thursday, April 19th. This is a positive change from Fevertree Drinks’s previous dividend of $3.01.
A number of analysts have recently issued reports on the company. Shore Capital reaffirmed a “hold” rating on shares of Fevertree Drinks in a research report on Wednesday, March 28th. Berenberg Bank raised their price objective on Fevertree Drinks from GBX 2,850 ($40.01) to GBX 3,350 ($47.02) and gave the company a “buy” rating in a research report on Monday, March 19th. Morgan Stanley reiterated an “overweight” rating and set a GBX 3,100 ($43.51) target price on shares of Fevertree Drinks in a research note on Tuesday, March 13th. Royal Bank of Canada upgraded Fevertree Drinks to an “outperform” rating and increased their target price for the stock from GBX 2,350 ($32.99) to GBX 3,300 ($46.32) in a research note on Monday, March 19th. Finally, Jefferies Group assumed coverage on Fevertree Drinks in a research note on Friday, January 19th. They set a “buy” rating and a GBX 3,000 ($42.11) target price on the stock. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of GBX 2,863.33 ($40.19).
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Fevertree Drinks Company Profile
Fevertree Drinks plc is a United Kingdom-based holding and investment company. The Company is a developer and supplier of premium mixer drinks. The Company’s premium mixers consist of a range of all natural carbonated mixers, including Tonics, Ginger Ale, Ginger Beer, Bitter Lemon and Lemonades. The Company sells a range of products under the Fever-Tree brand, which include Indian Tonic Water, Naturally Light Tonic Water, Elderflower Tonic Water, Mediterranean Tonic Water, Ginger Ale, Ginger Beer, Naturally Light Ginger Beer, Bitter Lemon, Sicilian Lemonade, Lemonade, Spring Soda Water and Premium Cola.
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