Coca-Cola European Partners (CCE) Downgraded by Macquarie to Neutral

Coca-Cola European Partners (NYSE:CCE) was downgraded by research analysts at Macquarie from an “outperform” rating to a “neutral” rating in a report released on Friday, Marketbeat reports.

CCE has been the subject of several other reports. Jefferies Group reiterated a “hold” rating and set a $45.00 price objective on shares of Coca-Cola European Partners in a report on Thursday, September 14th. Susquehanna Bancshares lowered Coca-Cola European Partners from a “neutral” rating to a “neutral” rating and cut their price objective for the stock from $38.00 to $33.00 in a report on Monday, November 13th. UBS Group lowered Coca-Cola European Partners to a “neutral” rating in a report on Monday, November 13th. Zacks Investment Research upgraded Coca-Cola European Partners from a “sell” rating to a “hold” rating in a report on Tuesday, November 7th. Finally, Deutsche Bank initiated coverage on Coca-Cola European Partners in a report on Wednesday, December 13th. They set a “buy” rating and a $43.00 price objective for the company. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $44.50.

Coca-Cola European Partners (NYSE:CCE) traded down $0.69 on Friday, hitting $39.01. The stock had a trading volume of 1,382,823 shares, compared to its average volume of 1,720,000. The stock has a market capitalization of $19,230.00, a price-to-earnings ratio of 22.29, a P/E/G ratio of 1.93 and a beta of 0.88. Coca-Cola European Partners has a one year low of $31.44 and a one year high of $44.75. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.95 and a quick ratio of 0.76.

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

Several large investors have recently made changes to their positions in the stock. Parametric Portfolio Associates LLC raised its holdings in Coca-Cola European Partners by 13.4% during the third quarter. Parametric Portfolio Associates LLC now owns 524,212 shares of the company’s stock valued at $21,818,000 after buying an additional 61,947 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in 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 in the last quarter. Independent Advisor Alliance bought a new position in Coca-Cola European Partners during the third quarter valued at about $318,000. Dana Investment Advisors Inc. bought a new position in Coca-Cola European Partners during the third quarter valued at about $3,884,000. Finally, Neuberger Berman Group LLC raised its holdings in Coca-Cola European Partners by 130.5% during the third quarter. Neuberger Berman Group LLC now owns 24,188 shares of the company’s stock valued at $1,007,000 after buying an additional 13,696 shares in the last quarter. Institutional investors and hedge funds own 29.33% of the company’s stock.

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Coca-Cola European Partners 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.