Shares of Coca-Cola European Partners PLC (NYSE:CCE) have earned an average rating of “Hold” from the sixteen ratings firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $46.14.

Several research analysts recently issued reports on the company. BidaskClub raised Coca-Cola European Partners PLC from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Deutsche Bank AG reiterated a “hold” rating and issued a $46.00 price target (up from $44.00) on shares of Coca-Cola European Partners PLC in a research note on Friday, August 11th. Zacks Investment Research downgraded Coca-Cola European Partners PLC from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Jefferies Group LLC reissued a “hold” rating and issued a $45.00 price target on shares of Coca-Cola European Partners PLC in a report on Thursday, September 14th. Finally, Susquehanna Bancshares Inc restated a “hold” rating on shares of Coca-Cola European Partners PLC in a research note on Thursday, August 10th.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Comerica Bank purchased a new stake in shares of Coca-Cola European Partners PLC in the 1st quarter valued at $565,000. Keybank National Association OH purchased a new position in shares of Coca-Cola European Partners PLC during the first quarter worth $259,000. Oxford Asset Management purchased a new position in shares of Coca-Cola European Partners PLC during the first quarter worth $779,000. Envestnet Asset Management Inc. raised its holdings in shares of Coca-Cola European Partners PLC by 94.8% during the first quarter. Envestnet Asset Management Inc. now owns 36,904 shares of the company’s stock worth $1,388,000 after purchasing an additional 17,955 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Coca-Cola European Partners PLC by 88.9% during the first quarter. Victory Capital Management Inc. now owns 13,468 shares of the company’s stock worth $508,000 after purchasing an additional 6,338 shares during the last quarter. Institutional investors and hedge funds own 29.63% of the company’s stock.

Shares of Coca-Cola European Partners PLC (NYSE CCE) opened at 41.40 on Wednesday. The company has a 50-day moving average price of $42.35 and a 200 day moving average price of $40.75. The company has a market capitalization of $20.05 billion, a P/E ratio of 21.50 and a beta of 0.94. Coca-Cola European Partners PLC has a 12-month low of $30.55 and a 12-month high of $44.75.

Coca-Cola European Partners PLC (NYSE:CCE) last issued its quarterly earnings results on Thursday, August 10th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.10. Coca-Cola European Partners PLC had a return on equity of 15.52% and a net margin of 6.93%. The business had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $2.77 billion. During the same period in the prior year, the firm posted $0.56 earnings per share. On average, equities analysts anticipate that Coca-Cola European Partners PLC will post $2.55 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Monday, August 28th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.42%. The ex-dividend date was Thursday, August 24th. This is an increase from Coca-Cola European Partners PLC’s previous quarterly dividend of $0.23. Coca-Cola European Partners PLC’s dividend payout ratio is 56.50%.

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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.

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

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