Shares of Coca-Cola European Partners PLC (NYSE:CCE) have earned an average recommendation of “Hold” from the sixteen analysts that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $45.57.

CCE has been the topic of a number of research reports. Jefferies Group LLC restated a “hold” rating and set a $42.00 price objective on shares of Coca-Cola European Partners PLC in a research report on Wednesday, June 14th. 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. Citigroup Inc. lowered Coca-Cola European Partners PLC from a “buy” rating to a “neutral” rating in a research report on Friday, April 28th. UBS AG reiterated a “buy” rating and issued a $44.00 price target (up previously from $42.00) on shares of Coca-Cola European Partners PLC in a research report on Friday, May 5th. Finally, Susquehanna Bancshares Inc set a $39.00 price target on Coca-Cola European Partners PLC and gave the company a “hold” rating in a research report on Thursday, May 4th.

Coca-Cola European Partners PLC (CCE) opened at 43.62 on Tuesday. Coca-Cola European Partners PLC has a 52 week low of $30.55 and a 52 week high of $44.75. The stock’s 50 day moving average price is $42.21 and its 200 day moving average price is $38.93. The firm has a market cap of $21.31 billion, a price-to-earnings ratio of 23.04 and a beta of 0.95.

Coca-Cola European Partners PLC (NYSE:CCE) last issued its quarterly earnings data on Thursday, August 10th. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.10. The business had revenue of $3.05 billion for the quarter, compared to analyst estimates 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 quarter in the previous year, the company posted $0.56 EPS. On average, equities research analysts predict that Coca-Cola European Partners PLC will post $2.51 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Monday, August 28th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.29%. This is an increase from Coca-Cola European Partners PLC’s previous quarterly dividend of $0.23. The ex-dividend date is Thursday, August 24th. Coca-Cola European Partners PLC’s payout ratio is currently 51.98%.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Jacobus Wealth Management Inc. acquired a new position in shares of Coca-Cola European Partners PLC during the first quarter worth about $115,000. SG Americas Securities LLC purchased a new position in Coca-Cola European Partners PLC during the second quarter worth $120,000. Advisor Group Inc. increased its position 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 worth $132,000 after buying an additional 939 shares during the period. Creative Planning increased its position 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 worth $139,000 after buying an additional 1,402 shares during the period. Finally, Pinnacle Bank purchased a new position in Coca-Cola European Partners PLC during the first quarter worth $182,000. 32.40% of the stock is currently owned by institutional investors.

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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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