Coca-Cola Enterprises Inc. (CCE) Rating Reiterated by Susquehanna
Coca-Cola Enterprises Inc. (NYSE:CCE)‘s stock had its “hold” rating reissued by stock analysts at Susquehanna in a research note issued to investors on Monday. They currently have a $39.00 target price on the stock. Susquehanna’s target price would indicate a potential upside of 11.02% from the company’s previous close.
CCE has been the subject of several other research reports. Zacks Investment Research cut shares of Coca-Cola Enterprises from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 27th. Credit Suisse Group AG assumed coverage on shares of Coca-Cola Enterprises in a research note on Thursday, September 15th. They issued a “neutral” rating for the company. Societe Generale upgraded shares of Coca-Cola Enterprises from a “hold” rating to a “buy” rating in a research note on Tuesday, July 19th. Goldman Sachs Group Inc. downgraded shares of Coca-Cola Enterprises from a “buy” rating to a “neutral” rating and set a $43.00 price target for the company. in a report on Monday, October 10th. Finally, TheStreet upgraded shares of Coca-Cola Enterprises from a “hold” rating to a “buy” rating in a report on Thursday, September 22nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Coca-Cola Enterprises currently has a consensus rating of “Buy” and a consensus target price of $50.46.
Coca-Cola Enterprises (NYSE:CCE) opened at 35.13 on Monday. Coca-Cola Enterprises has a 52-week low of $33.67 and a 52-week high of $54.54. The firm has a market capitalization of $16.95 billion, a price-to-earnings ratio of 27.02 and a beta of 1.10. The company’s 50-day moving average is $38.34 and its 200-day moving average is $40.46.
Coca-Cola Enterprises (NYSE:CCE) last released its earnings results on Thursday, September 22nd. The company reported $0.63 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by $0.11. Coca-Cola Enterprises had a return on equity of 21.76% and a net margin of 8.49%. The firm earned $2.87 billion during the quarter, compared to analyst estimates of $3.03 billion. During the same quarter last year, the business posted $0.79 EPS. The firm’s revenue was down 3.5% on a year-over-year basis. Equities analysts predict that Coca-Cola Enterprises will post $2.06 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 17th. Shareholders of record on Monday, October 3rd were paid a dividend of $0.1909 per share. The ex-dividend date of this dividend was Thursday, September 29th. This represents a $0.76 annualized dividend and a yield of 2.17%. Coca-Cola Enterprises’s payout ratio is 34.23%.
Hedge funds have recently added to or reduced their stakes in the stock. Creative Planning increased its position in shares of Coca-Cola Enterprises by 91.2% in the second quarter. Creative Planning now owns 3,521 shares of the company’s stock valued at $126,000 after buying an additional 1,679 shares during the period. Smithfield Trust Co. increased its stake in Coca-Cola Enterprises by 1,550.0% in the second quarter. Smithfield Trust Co. now owns 3,630 shares of the company’s stock valued at $130,000 after buying an additional 3,410 shares during the last quarter. Signaturefd LLC increased its stake in Coca-Cola Enterprises by 381.9% in the second quarter. Signaturefd LLC now owns 3,730 shares of the company’s stock valued at $133,000 after buying an additional 2,956 shares during the last quarter. Tower Research Capital LLC TRC bought a new stake in Coca-Cola Enterprises during the third quarter valued at $155,000. Finally, Meeder Asset Management Inc. increased its stake in Coca-Cola Enterprises by 19.0% in the third quarter. Meeder Asset Management Inc. now owns 4,917 shares of the company’s stock valued at $196,000 after buying an additional 784 shares during the last quarter. Hedge funds and other institutional investors own 26.48% of the company’s stock.
Coca-Cola Enterprises 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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