BidaskClub downgraded shares of Coca-Cola European Partners PLC (NYSE:CCE) from a buy rating to a hold rating in a research report report published on Saturday.

Several other research firms have also recently weighed in on CCE. UBS AG restated a buy rating and issued a $50.00 price objective (up previously from $46.00) on shares of Coca-Cola European Partners PLC in a research report on Monday, August 14th. Barclays PLC set a $47.00 target price on shares of Coca-Cola European Partners PLC and gave the company a buy rating in a research report on Sunday, August 13th. Deutsche Bank AG reiterated a hold rating and set a $46.00 target price (up previously from $44.00) on shares of Coca-Cola European Partners PLC in a research report on Friday, August 11th. Susquehanna Bancshares Inc restated a hold rating on shares of Coca-Cola European Partners PLC in a research report on Thursday, August 10th. Finally, Zacks Investment Research upgraded shares of Coca-Cola European Partners PLC from a hold rating to a buy rating and set a $45.00 price objective for the company in a research report on Monday, July 10th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. The company currently has an average rating of Hold and an average target price of $44.75.

Coca-Cola European Partners PLC (NYSE CCE) opened at 42.93 on Friday. Coca-Cola European Partners PLC has a 52-week low of $30.55 and a 52-week high of $44.75. The firm has a market cap of $20.79 billion, a price-to-earnings ratio of 22.77 and a beta of 0.95. The firm’s 50-day moving average price is $42.89 and its 200 day moving average price is $39.45.

Coca-Cola European Partners PLC (NYSE:CCE) last released its quarterly earnings data on Thursday, August 10th. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.10. The company had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $2.77 billion. Coca-Cola European Partners PLC had a return on equity of 15.74% and a net margin of 6.93%. During the same period in the previous year, the business earned $0.56 earnings per share. On average, equities research analysts forecast that Coca-Cola European Partners PLC will post $2.55 EPS for the current year.

TRADEMARK VIOLATION NOTICE: “Coca-Cola European Partners PLC (CCE) Downgraded by BidaskClub” was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this report on another publication, it was stolen and reposted in violation of United States and international copyright and trademark laws. The correct version of this report can be viewed at https://www.thecerbatgem.com/2017/08/29/coca-cola-european-partners-plc-cce-downgraded-by-bidaskclub.html.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Monday, August 28th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date is Thursday, August 24th. This is a positive change from Coca-Cola European Partners PLC’s previous quarterly dividend of $0.23. Coca-Cola European Partners PLC’s payout ratio is 56.50%.

Institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC bought a new stake in Coca-Cola European Partners PLC during the second quarter valued at $120,000. Jacobus Wealth Management Inc. acquired a new stake in Coca-Cola European Partners PLC during the first quarter valued at approximately $115,000. Advisor Group Inc. increased its stake in Coca-Cola European Partners PLC by 35.5% in the second quarter. Advisor Group Inc. now owns 3,587 shares of the company’s stock valued at $132,000 after buying an additional 939 shares during the last quarter. Creative Planning increased its stake in Coca-Cola European Partners PLC by 61.1% in the first quarter. Creative Planning now owns 3,696 shares of the company’s stock valued at $139,000 after buying an additional 1,402 shares during the last quarter. Finally, Phocas Financial Corp. acquired a new stake in Coca-Cola European Partners PLC during the second quarter valued at approximately $182,000. 29.74% of the stock is owned by institutional investors and hedge funds.

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.

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

Receive News & Stock Ratings for Coca-Cola European Partners PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca-Cola European Partners PLC and related stocks with our FREE daily email newsletter.