Coca-Cola European Partners PLC (CCE) Downgraded by UBS AG to Neutral

UBS AG cut shares of Coca-Cola European Partners PLC (NYSE:CCE) to a neutral rating in a report issued on Monday morning.

Several other research analysts have also commented on the company. Zacks Investment Research upgraded Coca-Cola European Partners PLC from a sell rating to a hold rating in a report on Tuesday, November 7th. Macquarie assumed coverage on Coca-Cola European Partners PLC in a report on Thursday, September 14th. They set an outperform rating and a $46.00 price target on the stock. Jefferies Group LLC reiterated a hold rating and set a $45.00 price target on shares of Coca-Cola European Partners PLC in a report on Thursday, September 14th. BidaskClub downgraded Coca-Cola European Partners PLC from a buy rating to a hold rating in a research report on Saturday, August 26th. Finally, Barclays PLC set a $47.00 price objective on Coca-Cola European Partners PLC and gave the stock a buy rating in a research report on Sunday, August 13th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of C$45.63.

Coca-Cola European Partners PLC (CCE) opened at C$39.50 on Monday. Coca-Cola European Partners PLC has a fifty-two week low of C$30.55 and a fifty-two week high of C$44.75. The company has a current ratio of 0.95, a quick ratio of 0.76 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $19,133.07, a price-to-earnings ratio of 16.95, a PEG ratio of 2.09 and a beta of 0.94.

Coca-Cola European Partners PLC (NYSE:CCE) last posted its quarterly earnings results on Tuesday, November 7th. The company reported C$0.68 EPS for the quarter, missing the consensus estimate of C$0.80 by C($0.12). Coca-Cola European Partners PLC had a return on equity of 15.60% and a net margin of 6.78%. The company had revenue of C$2.96 billion for the quarter, compared to analysts’ expectations of C$2.99 billion. During the same quarter in the prior year, the firm earned $0.67 EPS. The firm’s revenue was down .7% on a year-over-year basis. research analysts expect that Coca-Cola European Partners PLC will post 2.45 earnings per share for the current year.

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The company also recently announced a quarterly dividend, which will be paid on Monday, December 4th. Shareholders of record on Monday, November 20th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend is Friday, November 17th. Coca-Cola European Partners PLC’s dividend payout ratio is currently 57.14%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. First Allied Advisory Services Inc. grew its position in Coca-Cola European Partners PLC by 0.3% in the 2nd quarter. First Allied Advisory Services Inc. now owns 10,196 shares of the company’s stock valued at $411,000 after acquiring an additional 30 shares in the last quarter. Keybank National Association OH grew its position in Coca-Cola European Partners PLC by 1.2% in the 2nd quarter. Keybank National Association OH now owns 6,958 shares of the company’s stock valued at $283,000 after acquiring an additional 83 shares in the last quarter. Raymond James Trust N.A. grew its position in Coca-Cola European Partners PLC by 1.8% in the 2nd quarter. Raymond James Trust N.A. now owns 5,978 shares of the company’s stock valued at $243,000 after acquiring an additional 104 shares in the last quarter. Suntrust Banks Inc. grew its position in Coca-Cola European Partners PLC by 2.3% in the 2nd quarter. Suntrust Banks Inc. now owns 8,894 shares of the company’s stock valued at $360,000 after acquiring an additional 204 shares in the last quarter. Finally, Neuberger Berman Group LLC grew its position in Coca-Cola European Partners PLC by 3.8% in the 2nd quarter. Neuberger Berman Group LLC now owns 10,492 shares of the company’s stock valued at $427,000 after acquiring an additional 382 shares in the last quarter. 29.84% of the stock is owned by institutional investors.

Coca-Cola European Partners PLC Company Profile

Coca-Cola European Partners plc, together with its subsidiaries, produces, distributes, and sells a range of non-alcoholic ready-to-drink beverages. It offers drinks primarily under the Coca-Cola, Diet Coke/Coca-Cola Light, Coke Zero, Coca-Cola Life, Fanta, and Sprite brands. The company also provides energy drinks, waters, juices, sports drinks and ready-to-drink teas.

Analyst Recommendations for Coca-Cola European Partners PLC (NYSE:CCE)

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