Coca-Cola European Partners plc (NYSE:CCE) had its target price boosted by analysts at Argus from $44.00 to $46.00 in a research report issued on Wednesday. The firm currently has a “buy” rating on the stock. Argus’ target price suggests a potential upside of 11.38% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. TheStreet raised shares of Coca-Cola European Partners plc from a “c+” rating to a “b” rating in a research report on Thursday, May 4th. Barclays PLC reaffirmed a “buy” rating and issued a $44.00 price objective on shares of Coca-Cola European Partners plc in a research report on Sunday, May 7th. Zacks Investment Research raised shares of Coca-Cola European Partners plc from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research report on Tuesday, March 21st. Jefferies Group LLC reaffirmed a “hold” rating and issued a $38.00 price objective on shares of Coca-Cola European Partners plc in a research report on Wednesday, March 22nd. Finally, Susquehanna Bancshares Inc set a $39.00 price objective on shares of Coca-Cola European Partners plc and gave the company a “hold” rating in a research report on Thursday, May 4th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Coca-Cola European Partners plc currently has an average rating of “Buy” and a consensus price target of $44.17.

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

Shares of Coca-Cola European Partners plc (NYSE:CCE) traded up 0.24% during mid-day trading on Wednesday, hitting $41.40. The company had a trading volume of 1,582,783 shares. The firm’s 50-day moving average price is $38.79 and its 200 day moving average price is $35.47. Coca-Cola European Partners plc has a one year low of $30.55 and a one year high of $52.28. The company has a market capitalization of $19.63 billion, a P/E ratio of 26.87 and a beta of 1.01.

Coca-Cola European Partners plc (NYSE:CCE) last posted its quarterly earnings data on Thursday, May 4th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.31 by $0.02. The business had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $2.52 billion. Coca-Cola European Partners plc had a net margin of 8.49% and a return on equity of 21.76%. During the same period in the previous year, the firm posted $0.41 EPS. Analysts predict that Coca-Cola European Partners plc will post $2.36 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 5th. Shareholders of record on Monday, May 22nd will be given a dividend of $0.23 per share. The ex-dividend date is Thursday, May 18th. This is a boost from Coca-Cola European Partners plc’s previous quarterly dividend of $0.23. This represents a $0.92 annualized dividend and a yield of 2.23%. Coca-Cola European Partners plc’s payout ratio is 31.98%.

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A number of large investors have recently modified their holdings of the company. Artisan Partners Limited Partnership raised its position in Coca-Cola European Partners plc by 9.2% in the first quarter. Artisan Partners Limited Partnership now owns 14,626,813 shares of the company’s stock valued at $551,285,000 after buying an additional 1,229,855 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised 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 valued at $359,336,000 after buying an additional 5,911,761 shares in the last quarter. Boston Partners raised its position in Coca-Cola European Partners plc by 12.1% in the first quarter. Boston Partners now owns 10,385,613 shares of the company’s stock valued at $391,434,000 after buying an additional 1,118,182 shares in the last quarter. Bank of America Corp DE raised its position in Coca-Cola European Partners plc by 9.2% in the first quarter. Bank of America Corp DE now owns 5,210,956 shares of the company’s stock valued at $196,401,000 after buying an additional 437,276 shares in the last quarter. Finally, First Eagle Investment Management LLC raised its position in Coca-Cola European Partners plc by 0.4% in the third quarter. First Eagle Investment Management LLC now owns 5,174,065 shares of the company’s stock valued at $206,445,000 after buying an additional 21,413 shares in the last quarter. 31.73% of the stock is currently owned by hedge funds and other institutional investors.

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.

12 Month Chart for NYSE:CCE

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