Coca-Cola European Partners PLC (NYSE:CCE) had its price target increased by Argus from $44.00 to $46.00 in a report released on Wednesday, May 24th. They currently have a buy rating on the stock.

Several other analysts have also recently weighed in on the company. Barclays PLC reissued a buy rating and set a $42.00 price objective on shares of Coca-Cola European Partners PLC in a report on Friday, March 24th. Zacks Investment Research cut Coca-Cola European Partners PLC from a buy rating to a hold rating in a research note on Wednesday, March 22nd. ABN Amro reaffirmed a sell rating on shares of Coca-Cola European Partners PLC in a research note on Friday, April 28th. Jefferies Group LLC reaffirmed a hold rating and issued a $38.00 price target on shares of Coca-Cola European Partners PLC in a research note on Wednesday, March 22nd. Finally, Susquehanna Bancshares Inc set a $39.00 price target on Coca-Cola European Partners PLC and gave the company a hold rating in a research note on Thursday, May 4th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $42.33.

Shares of Coca-Cola European Partners PLC (CCE) traded down 1.20% during trading on Wednesday, hitting $40.45. 911,577 shares of the stock traded hands. The company has a 50 day moving average of $40.27 and a 200-day moving average of $36.13. Coca-Cola European Partners PLC has a 1-year low of $30.55 and a 1-year high of $41.56. The company has a market cap of $19.18 billion, a PE ratio of 25.68 and a beta of 0.94.

Coca-Cola European Partners PLC (NYSE:CCE) last announced its quarterly earnings data on Thursday, May 4th. The company reported $0.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.02. The firm had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.52 billion. Coca-Cola European Partners PLC had a return on equity of 15.29% and a net margin of 6.35%. During the same period in the previous year, the business posted $0.41 EPS. On average, equities analysts anticipate that Coca-Cola European Partners PLC will post $2.36 EPS for the current fiscal year.

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The company also recently declared a quarterly dividend, which was paid on Monday, June 5th. Shareholders of record on Monday, May 22nd were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Thursday, May 18th. This represents a $0.92 dividend on an annualized basis and a yield of 2.27%. This is an increase from Coca-Cola European Partners PLC’s previous quarterly dividend of $0.23. Coca-Cola European Partners PLC’s dividend payout ratio is 57.14%.

A number of institutional investors have recently added to or reduced their stakes in CCE. Commerzbank Aktiengesellschaft FI increased its position in Coca-Cola European Partners PLC by 8.7% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 15,556 shares of the company’s stock worth $488,000 after buying an additional 1,242 shares during the period. Bessemer Group Inc. increased its position in Coca-Cola European Partners PLC by 3.0% in the fourth quarter. Bessemer Group Inc. now owns 14,770 shares of the company’s stock worth $464,000 after buying an additional 425 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its position in Coca-Cola European Partners PLC by 106.9% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 11,443,829 shares of the company’s stock worth $359,336,000 after buying an additional 5,911,761 shares during the period. Quantitative Systematic Strategies LLC purchased a new position in Coca-Cola European Partners PLC during the third quarter worth $407,000. Finally, Cookson Peirce & Co. Inc. purchased a new position in Coca-Cola European Partners PLC during the third quarter worth $547,000. 31.52% of the stock is 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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