Zacks Investment Research lowered shares of Coca-Cola European Partners (NYSE:CCE) from a buy rating to a hold rating in a report issued on Wednesday morning.

According to Zacks, “Coca-Cola European Partners PLC is a consumer packaged goods company. It is engaged in producing, distributing and marketing nonalcoholic ready-to-drink beverages. It operates primarily in Andorra, Belgium, continental France, Germany, Great Britain, Luxembourg, Monaco, the Netherlands, Norway, Portugal, Spain and Sweden. Coca-Cola European Partners PLC, formerly known as Coca-Cola Enterprises Inc., is headquartered in Uxbridge, United Kingdom. “

CCE has been the topic of several other research reports. Jefferies Group reaffirmed a hold rating and issued a $45.00 price target on shares of Coca-Cola European Partners in a report on Thursday, September 14th. Susquehanna Bancshares downgraded shares of Coca-Cola European Partners from a neutral rating to a neutral rating and reduced their price target for the company from $38.00 to $33.00 in a report on Monday, November 13th. Macquarie began coverage on shares of Coca-Cola European Partners in a report on Thursday, September 14th. They issued an outperform rating and a $46.00 price target on the stock. UBS Group downgraded shares of Coca-Cola European Partners to a neutral rating in a report on Monday, November 13th. Finally, Deutsche Bank began coverage on shares of Coca-Cola European Partners in a report on Wednesday, December 13th. They issued a buy rating and a $43.00 price target on the stock. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. Coca-Cola European Partners currently has a consensus rating of Hold and an average price target of $43.50.

Shares of Coca-Cola European Partners (CCE) traded down $0.17 during midday trading on Wednesday, hitting $38.63. 2,430,000 shares of the company’s stock traded hands, compared to its average volume of 1,730,000. Coca-Cola European Partners has a 12 month low of $31.87 and a 12 month high of $44.75. The stock has a market capitalization of $18,790.00, a P/E ratio of 22.29, a PEG ratio of 1.90 and a beta of 0.88. The company has a quick ratio of 0.76, a current ratio of 0.95 and a debt-to-equity ratio of 0.76.

Coca-Cola European Partners (NYSE:CCE) last announced its quarterly earnings results on Tuesday, November 7th. The company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.12). Coca-Cola European Partners had a net margin of 6.78% and a return on equity of 15.60%. The business had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $2.99 billion. During the same period last year, the company earned $0.67 EPS. The firm’s revenue for the quarter was down .7% on a year-over-year basis. equities research analysts expect that Coca-Cola European Partners will post 2.45 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Capital World Investors lifted its stake in shares of Coca-Cola European Partners by 6.8% during the second quarter. Capital World Investors now owns 22,083,787 shares of the company’s stock valued at $898,148,000 after buying an additional 1,398,929 shares during the period. Artisan Partners Limited Partnership lifted its stake in shares of Coca-Cola European Partners by 0.8% during the third quarter. Artisan Partners Limited Partnership now owns 16,772,887 shares of the company’s stock valued at $698,088,000 after buying an additional 139,127 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of Coca-Cola European Partners by 6.4% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 11,506,938 shares of the company’s stock valued at $478,918,000 after buying an additional 692,923 shares during the period. First Eagle Investment Management LLC lifted its stake in shares of Coca-Cola European Partners by 14.6% during the third quarter. First Eagle Investment Management LLC now owns 6,373,721 shares of the company’s stock valued at $265,274,000 after buying an additional 811,835 shares during the period. Finally, FMR LLC lifted its stake in shares of Coca-Cola European Partners by 1.2% during the second quarter. FMR LLC now owns 5,029,177 shares of the company’s stock valued at $204,506,000 after buying an additional 60,036 shares during the period. 29.33% of the stock is currently owned by institutional investors and hedge funds.

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About Coca-Cola European Partners

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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