C&C Group plc (LON:CCR) Insider Acquires £99,274.50 in Stock

C&C Group plc (LON:CCR) insider Ralph Findlay purchased 66,183 shares of the company’s stock in a transaction on Monday, December 16th. The stock was acquired at an average cost of GBX 150 ($1.89) per share, for a total transaction of £99,274.50 ($125,346.59).

C&C Group Stock Performance

Shares of LON:CCR traded up GBX 3 ($0.04) during trading on Monday, hitting GBX 151.40 ($1.91). 1,428,176 shares of the stock were exchanged, compared to its average volume of 694,777. C&C Group plc has a 1-year low of GBX 142.20 ($1.80) and a 1-year high of GBX 178.20 ($2.25). The company has a market capitalization of £579.36 million, a price-to-earnings ratio of -618.33, a price-to-earnings-growth ratio of 5.61 and a beta of 1.26. The company’s fifty day simple moving average is GBX 152.06 and its 200-day simple moving average is GBX 155.97. The company has a debt-to-equity ratio of 56.01, a quick ratio of 0.80 and a current ratio of 1.16.

C&C Group Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 13th. Stockholders of record on Thursday, November 14th were issued a dividend of €0.02 ($0.02) per share. This represents a dividend yield of 1.03%. The ex-dividend date was Thursday, November 14th. C&C Group’s payout ratio is presently -2,083.33%.

Analyst Upgrades and Downgrades

Separately, Shore Capital reaffirmed a “buy” rating on shares of C&C Group in a research report on Thursday.

About C&C Group

C&C Group plc manufactures, markets, and distributes beer, cider, wine, spirits, and soft drinks in the Republic of Ireland, Great Britain, and internationally. The company offers its products primarily under the Tennent's, Bulmers, Magners, Orchard Pig, Heverlee, 5 Lamps, Fête, Blackthorn, Seven Summits, Dowd's Lane, Chaplin & Cork's, Celedonia Best, and Addlestones brand name.