Jefferies Group LLC reaffirmed their hold rating on shares of Coca-Cola European Partners PLC (NYSE:CCE) in a research note published on Thursday. Jefferies Group LLC currently has a $45.00 price target on the stock.
Other research analysts have also recently issued reports about the company. BidaskClub upgraded Coca-Cola European Partners PLC from a hold rating to a buy rating in a research note on Thursday, August 3rd. Deutsche Bank AG restated a hold rating and issued a $46.00 price objective (up from $44.00) on shares of Coca-Cola European Partners PLC in a research note on Friday, August 11th. Zacks Investment Research cut Coca-Cola European Partners PLC from a hold rating to a sell rating in a research note on Tuesday, July 4th. Argus raised their price objective on Coca-Cola European Partners PLC from $44.00 to $46.00 and gave the stock a buy rating in a research note on Wednesday, May 24th. Finally, Susquehanna Bancshares Inc restated a hold rating on shares of Coca-Cola European Partners PLC in a research note on Thursday, August 10th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $45.22.
Coca-Cola European Partners PLC (CCE) traded up 1.49% during midday trading on Thursday, reaching $41.48. The company had a trading volume of 1,614,157 shares. Coca-Cola European Partners PLC has a 1-year low of $30.55 and a 1-year high of $44.75. The company has a market capitalization of $20.09 billion, a P/E ratio of 21.64 and a beta of 0.96. The firm has a 50-day moving average of $43.19 and a 200 day moving average of $40.13.
Coca-Cola European Partners PLC (NYSE:CCE) last released its quarterly earnings results on Thursday, August 10th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.10. Coca-Cola European Partners PLC had a return on equity of 15.52% and a net margin of 6.93%. The company had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $2.77 billion. During the same period last year, the business posted $0.56 earnings per share. On average, equities research analysts forecast that Coca-Cola European Partners PLC will post $2.57 EPS for the current year.
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The business also recently announced a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Monday, August 28th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.41%. This is a positive change from Coca-Cola European Partners PLC’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Thursday, August 24th. Coca-Cola European Partners PLC’s dividend payout ratio (DPR) is 56.50%.
Institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new stake in Coca-Cola European Partners PLC during the second quarter worth about $120,000. Jacobus Wealth Management Inc. acquired a new stake in Coca-Cola European Partners PLC during the first quarter worth about $115,000. Advisor Group Inc. grew its holdings in Coca-Cola European Partners PLC by 35.5% during the second quarter. Advisor Group Inc. now owns 3,587 shares of the company’s stock worth $132,000 after acquiring an additional 939 shares during the period. Phocas Financial Corp. acquired a new stake in Coca-Cola European Partners PLC during the second quarter worth about $182,000. Finally, Fulton Bank N.A. acquired a new stake in Coca-Cola European Partners PLC during the second quarter worth about $201,000. 29.74% of the stock is currently owned by hedge funds and other institutional investors.
Coca-Cola European Partners PLC Company Profile
Coca-Cola Enterprises, Inc (CCE) markets, produces and distributes nonalcoholic beverages. The Company serves customers across Belgium, continental France, Great Britain, Luxembourg, Monaco, the Netherlands, Norway and Sweden. The Company’s segments include Europe and Corporate. CCE is The Coca-Cola Company’s strategic bottling partner in Western Europe.
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