UBS AG reissued their buy rating on shares of Coca-Cola European Partners PLC (NYSE:CCE) in a report released on Monday, www.flashratings.com reports. The firm currently has a $50.00 target price on the stock, up from their prior target price of $46.00.
A number of other brokerages have also issued reports on CCE. Jefferies Group LLC restated 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 restated 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. Citigroup Inc. lowered shares of Coca-Cola European Partners PLC from a buy rating to a neutral rating in a research report on Friday, April 28th. Susquehanna Bancshares Inc set a $39.00 target price on shares of Coca-Cola European Partners PLC and gave the stock a hold rating in a research report on Thursday, May 4th. Finally, Deutsche Bank AG lowered shares of Coca-Cola European Partners PLC from a buy rating to a hold rating in a research report on Thursday, July 20th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company’s stock. Coca-Cola European Partners PLC presently has a consensus rating of Hold and an average price target of $44.75.
Coca-Cola European Partners PLC (NYSE CCE) opened at 43.47 on Monday. Coca-Cola European Partners PLC has a 12-month low of $30.55 and a 12-month high of $44.75. The company has a 50-day moving average price of $42.46 and a 200-day moving average price of $39.07. The firm has a market capitalization of $21.05 billion, a PE ratio of 22.96 and a beta of 0.95.
Coca-Cola European Partners PLC (NYSE:CCE) last announced its earnings results on Thursday, August 10th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.10. Coca-Cola European Partners PLC had a net margin of 6.93% and a return on equity of 15.74%. The firm had revenue of $3.05 billion for the quarter, compared to analyst estimates of $2.77 billion. During the same quarter last year, the business earned $0.56 earnings per share. On average, analysts predict that Coca-Cola European Partners PLC will post $2.50 earnings per share for the current year.
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The business also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Monday, August 28th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date is Thursday, August 24th. This is a positive change from Coca-Cola European Partners PLC’s previous quarterly dividend of $0.23. Coca-Cola European Partners PLC’s dividend payout ratio (DPR) is 51.98%.
Several institutional investors have recently bought and sold shares of CCE. Dimensional Fund Advisors LP raised its position in Coca-Cola European Partners PLC by 17.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 47,840 shares of the company’s stock valued at $1,504,000 after buying an additional 6,985 shares during the last quarter. Raymond James Trust N.A. acquired a new position in Coca-Cola European Partners PLC during the first quarter valued at $221,000. Creative Planning raised 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 valued at $139,000 after buying an additional 1,402 shares during the last quarter. Pinnacle Bank acquired a new position in Coca-Cola European Partners PLC during the first quarter valued at $182,000. Finally, Boston Advisors LLC raised its position in Coca-Cola European Partners PLC by 0.6% in the first quarter. Boston Advisors LLC now owns 16,094 shares of the company’s stock valued at $607,000 after buying an additional 101 shares during the last quarter. Institutional investors and hedge funds own 32.40% of the company’s stock.
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.
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