Have Coca-Cola HBC Insiders Been Selling Stock?

We wouldn't blame Coca-Cola HBC AG (LON:CCH) shareholders if they were a little worried about the fact that Zoran Bogdanovic, the CEO & Executive Director recently netted about UK£610k selling shares at an average price of UK£27.70. However, it's crucial to note that they remain very much invested in the stock and that sale only reduced their holding by 4.9%.

See our latest analysis for Coca-Cola HBC

Coca-Cola HBC Insider Transactions Over The Last Year

In the last twelve months, the biggest single sale by an insider was when the insider, Vitaliy Novikov, sold UK£778k worth of shares at a price of UK£23.40 per share. That means that an insider was selling shares at slightly below the current price (UK£26.40). When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. However, while insider selling is sometimes discouraging, it's only a weak signal. This single sale was 70% of Vitaliy Novikov's stake.

Coca-Cola HBC insiders didn't buy any shares over the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

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Insider Ownership Of Coca-Cola HBC

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. It appears that Coca-Cola HBC insiders own 0.8% of the company, worth about UK£74m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

What Might The Insider Transactions At Coca-Cola HBC Tell Us?

Insiders sold stock recently, but they haven't been buying. Looking to the last twelve months, our data doesn't show any insider buying. But it is good to see that Coca-Cola HBC is growing earnings. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. We'd practice some caution before buying! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. You'd be interested to know, that we found 2 warning signs for Coca-Cola HBC and we suggest you have a look.

But note: Coca-Cola HBC may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.