Coca-Cola European Partners PLC (CCE) Hits New 1-Year High at $43.65

Coca-Cola European Partners PLC (NYSE:CCE)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $43.65 and last traded at $43.65, with a volume of 271,294 shares changing hands. The stock had previously closed at $43.23.

Several brokerages have commented on CCE. UBS AG reissued a “buy” rating and set a $44.00 price objective (up previously from $42.00) on shares of Coca-Cola European Partners PLC in a research report on Friday, May 5th. Barclays PLC set a $47.00 price target on Coca-Cola European Partners PLC and gave the stock a “buy” rating in a research report on Sunday, August 13th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $46.00 price target (up previously from $44.00) on shares of Coca-Cola European Partners PLC in a research report on Friday, August 11th. BidaskClub raised Coca-Cola European Partners PLC from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Finally, Susquehanna Bancshares Inc reaffirmed a “hold” rating on shares of Coca-Cola European Partners PLC in a research report on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned 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.

The company has a 50 day moving average of $42.55 and a 200-day moving average of $39.14. The firm has a market capitalization of $21.20 billion, a P/E ratio of 23.23 and a beta of 0.95.

Coca-Cola European Partners PLC (NYSE:CCE) last released its quarterly earnings results on Thursday, August 10th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.10. Coca-Cola European Partners PLC had a return on equity of 15.74% and a net margin of 6.93%. The company had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $2.77 billion. During the same period last year, the business posted $0.56 earnings per share. Analysts predict that Coca-Cola European Partners PLC will post $2.51 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Monday, August 28th will be paid a $0.25 dividend. The ex-dividend date is Thursday, August 24th. This is a boost from Coca-Cola European Partners PLC’s previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a yield of 2.28%. Coca-Cola European Partners PLC’s dividend payout ratio (DPR) is 51.98%.

A number of large investors have recently added to or reduced their stakes in the stock. Capital World Investors boosted its stake in Coca-Cola European Partners PLC by 6.8% in the second quarter. Capital World Investors now owns 22,083,787 shares of the company’s stock worth $898,148,000 after buying an additional 1,398,929 shares during the period. Artisan Partners Limited Partnership boosted its position in shares of Coca-Cola European Partners PLC by 13.7% in the second quarter. Artisan Partners Limited Partnership now owns 16,633,760 shares of the company’s stock valued at $676,495,000 after buying an additional 2,006,947 shares during the last quarter. Boston Partners boosted its position in shares of Coca-Cola European Partners PLC by 1.2% in the second quarter. Boston Partners now owns 10,511,025 shares of the company’s stock valued at $427,483,000 after buying an additional 125,412 shares during the last quarter. First Eagle Investment Management LLC boosted its position in shares of Coca-Cola European Partners PLC by 95.5% in the second quarter. First Eagle Investment Management LLC now owns 5,561,886 shares of the company’s stock valued at $226,202,000 after buying an additional 2,716,394 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in shares of Coca-Cola European Partners PLC by 9.2% in the first quarter. Bank of America Corp DE now owns 5,210,956 shares of the company’s stock valued at $196,401,000 after buying an additional 437,276 shares during the last quarter. Institutional investors own 32.40% of the company’s stock.

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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.

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