Coca-Cola European Partners PLC (NYSE:CCE) announced a quarterly dividend on Tuesday, November 7th, NASDAQ reports. Shareholders of record on Monday, November 20th will be paid a dividend of 0.24 per share on Monday, December 4th. This represents a $0.96 annualized dividend and a yield of 2.42%. The ex-dividend date is Friday, November 17th.

Coca-Cola European Partners PLC has decreased its dividend by an average of 0.4% per year over the last three years and has increased its dividend annually for the last 8 consecutive years. Coca-Cola European Partners PLC has a dividend payout ratio of 33.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Coca-Cola European Partners PLC to earn $2.73 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 30.8%.

Shares of Coca-Cola European Partners PLC (NYSE:CCE) traded up $1.82 during mid-day trading on Wednesday, reaching $39.71. 662,040 shares of the company’s stock traded hands, compared to its average volume of 1,060,000. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.93 and a quick ratio of 0.73. The firm has a market capitalization of $18,350.00, a P/E ratio of 17.56, a PEG ratio of 1.92 and a beta of 0.90. Coca-Cola European Partners PLC has a 1 year low of $30.55 and a 1 year high of $44.75.

Coca-Cola European Partners PLC (NYSE:CCE) last issued its quarterly earnings data on Tuesday, November 7th. The company reported $0.68 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by ($0.12). The company had revenue of $2.96 billion for the quarter, compared to analyst estimates of $2.99 billion. Coca-Cola European Partners PLC had a return on equity of 15.52% and a net margin of 6.93%. The company’s revenue was down .7% on a year-over-year basis. During the same quarter last year, the business earned $0.67 earnings per share. research analysts forecast that Coca-Cola European Partners PLC will post 2.52 earnings per share for the current fiscal year.

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A number of equities research analysts have recently weighed in on CCE shares. Deutsche Bank AG downgraded shares of Coca-Cola European Partners PLC from a “buy” rating to a “hold” rating in a research report on Thursday, July 20th. Barclays PLC reiterated a “buy” rating and issued a $46.00 price target on shares of Coca-Cola European Partners PLC in a research report on Friday, July 21st. BidaskClub upgraded shares of Coca-Cola European Partners PLC from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Susquehanna Bancshares Inc reiterated a “hold” rating on shares of Coca-Cola European Partners PLC in a research report on Thursday, August 10th. Finally, UBS AG reiterated a “buy” rating and issued a $50.00 price target (up from $46.00) on shares of Coca-Cola European Partners PLC in a research report on Monday, August 14th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $45.63.

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.

Dividend History for Coca-Cola European Partners PLC (NYSE:CCE)

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