Shares of Coca-Cola European Partners PLC (NYSE:CCE) have been given a consensus rating of “Hold” by the sixteen research firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $45.57.

CCE has been the topic of several analyst reports. Jefferies Group LLC reissued a “hold” rating and set a $42.00 target price on shares of Coca-Cola European Partners PLC in a research report on Wednesday, June 14th. Barclays PLC reissued a “buy” rating and set a $46.00 target price on shares of Coca-Cola European Partners PLC in a research report on Friday, July 21st. 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. BidaskClub downgraded shares of Coca-Cola European Partners PLC from a “buy” rating to a “hold” rating in a research report on Tuesday, June 20th. Finally, UBS AG reissued a “buy” rating and set a $50.00 target price (up from $46.00) on shares of Coca-Cola European Partners PLC in a research report on Monday, August 14th.

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Shares of Coca-Cola European Partners PLC (CCE) opened at 42.24 on Friday. Coca-Cola European Partners PLC has a 12 month low of $30.55 and a 12 month high of $44.75. The stock has a 50 day moving average price of $43.29 and a 200 day moving average price of $39.95. The stock has a market cap of $20.46 billion, a P/E ratio of 22.50 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 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.10. The firm had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $2.77 billion. Coca-Cola European Partners PLC had a net margin of 6.93% and a return on equity of 15.52%. During the same period in the prior year, the business posted $0.56 earnings per share. Equities analysts anticipate that Coca-Cola European Partners PLC will post $2.55 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Monday, August 28th will be given a $0.25 dividend. This is an increase 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 2.37%. The ex-dividend date is Thursday, August 24th. Coca-Cola European Partners PLC’s dividend payout ratio (DPR) is currently 56.50%.

Several large investors have recently modified their holdings of the company. First Allied Advisory Services Inc. grew its position in shares of Coca-Cola European Partners PLC by 0.3% in the second quarter. First Allied Advisory Services Inc. now owns 10,196 shares of the company’s stock valued at $411,000 after purchasing an additional 30 shares during the last quarter. Suntrust Banks Inc. grew its position in shares of Coca-Cola European Partners PLC by 0.9% in the first quarter. Suntrust Banks Inc. now owns 8,690 shares of the company’s stock valued at $325,000 after purchasing an additional 78 shares during the last quarter. Keybank National Association OH grew its position in shares of Coca-Cola European Partners PLC by 1.2% in the second quarter. Keybank National Association OH now owns 6,958 shares of the company’s stock valued at $283,000 after purchasing an additional 83 shares during the last quarter. Raymond James Trust N.A. grew its position in shares of Coca-Cola European Partners PLC by 1.8% in the second quarter. Raymond James Trust N.A. now owns 5,978 shares of the company’s stock valued at $243,000 after purchasing an additional 104 shares during the last quarter. Finally, Neuberger Berman Group LLC grew its position in shares of Coca-Cola European Partners PLC by 3.8% in the second quarter. Neuberger Berman Group LLC now owns 10,492 shares of the company’s stock valued at $427,000 after purchasing an additional 382 shares during the last quarter. 29.74% of the stock is currently owned by 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.

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

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