Jefferies Group LLC reiterated their hold rating on shares of Coca-Cola European Partners PLC (NYSE:CCE) in a research note released on Thursday. They currently have a $45.00 target price on the stock.

Several other equities analysts also recently commented on CCE. BidaskClub downgraded shares of Coca-Cola European Partners PLC from a buy rating to a hold rating in a research note on Saturday, August 26th. Barclays PLC restated a buy rating and issued a $46.00 price target on shares of Coca-Cola European Partners PLC in a research note on Friday, July 21st. UBS AG restated a buy rating and issued a $50.00 price target (up previously from $46.00) on shares of Coca-Cola European Partners PLC in a research note on Monday, August 14th. Zacks Investment Research downgraded shares of Coca-Cola European Partners PLC from a strong-buy rating to a hold rating in a research note on Monday, September 11th. 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 investment analyst has rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $45.22.

Shares of Coca-Cola European Partners PLC (CCE) opened at 41.48 on Thursday. Coca-Cola European Partners PLC has a one year low of $30.55 and a one year high of $44.75. The company has a 50 day moving average price of $43.15 and a 200-day moving average price of $40.18. The stock has a market cap of $20.09 billion, a price-to-earnings ratio of 21.64 and a beta of 0.96.

Coca-Cola European Partners PLC (NYSE:CCE) last posted its earnings results on Thursday, August 10th. The company reported $0.74 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.10. Coca-Cola European Partners PLC had a net margin of 6.93% and a return on equity of 15.52%. The firm had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $2.77 billion. During the same quarter last year, the firm earned $0.56 EPS. Equities analysts predict that Coca-Cola European Partners PLC will post $2.57 earnings per share for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Monday, August 28th were given a dividend of $0.25 per share. This is a boost from Coca-Cola European Partners PLC’s previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a dividend yield of 2.41%. The ex-dividend date was Thursday, August 24th. Coca-Cola European Partners PLC’s payout ratio is 56.50%.

Institutional investors have recently added to or reduced their stakes in the company. MARSHALL WACE ASIA Ltd purchased a new stake in shares of Coca-Cola European Partners PLC during the 1st quarter worth $4,864,000. D L Carlson Investment Group Inc. lifted its position in shares of Coca-Cola European Partners PLC by 49.3% during the 2nd quarter. D L Carlson Investment Group Inc. now owns 127,565 shares of the company’s stock worth $5,188,000 after purchasing an additional 42,120 shares during the last quarter. Apertura Capital LLC lifted its position in shares of Coca-Cola European Partners PLC by 16.7% during the 2nd quarter. Apertura Capital LLC now owns 700,000 shares of the company’s stock worth $28,469,000 after purchasing an additional 100,000 shares during the last quarter. Airain ltd purchased a new stake in shares of Coca-Cola European Partners PLC during the 2nd quarter worth $2,865,000. Finally, Harbour Capital Advisors LLC lifted its position in shares of Coca-Cola European Partners PLC by 3,967.0% during the 2nd quarter. Harbour Capital Advisors LLC now owns 27,452 shares of the company’s stock worth $675,000 after purchasing an additional 26,777 shares during the last quarter. 29.74% of the stock is owned by institutional investors and hedge funds.

About Coca-Cola European Partners PLC

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)

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