Investors Buy Coca-Cola European Partners (CCE) on Weakness

Traders bought shares of Coca-Cola European Partners plc (NYSE:CCE) on weakness during trading hours on Tuesday. $30.43 million flowed into the stock on the tick-up and $8.09 million flowed out of the stock on the tick-down, for a money net flow of $22.34 million into the stock. Of all equities tracked, Coca-Cola European Partners had the 25th highest net in-flow for the day. Coca-Cola European Partners traded down ($0.05) for the day and closed at $37.49

Several analysts have recently weighed in on CCE shares. Zacks Investment Research lowered Coca-Cola European Partners from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Macquarie lowered Coca-Cola European Partners from an “outperform” rating to a “neutral” rating and set a $40.00 price objective on the stock. in a report on Friday, January 5th. Deutsche Bank started coverage on Coca-Cola European Partners in a report on Wednesday, December 13th. They set a “buy” rating and a $43.00 price objective on the stock. Susquehanna Bancshares set a $33.00 price objective on Coca-Cola European Partners and gave the stock a “sell” rating in a report on Wednesday, November 29th. Finally, UBS Group lowered Coca-Cola European Partners to a “neutral” rating in a report on Monday, November 13th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. Coca-Cola European Partners currently has a consensus rating of “Hold” and an average target price of $43.38.

The company has a current ratio of 0.95, a quick ratio of 0.76 and a debt-to-equity ratio of 0.76. The stock has a market cap of $18,480.00, a P/E ratio of 16.09, a P/E/G ratio of 1.78 and a beta of 0.79.

Coca-Cola European Partners (NYSE:CCE) last announced its quarterly earnings results on Tuesday, November 7th. The company reported $0.68 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by ($0.12). The company had revenue of $2.96 billion during the quarter, compared to analyst estimates 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 quarterly revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.67 EPS. sell-side analysts expect that Coca-Cola European Partners plc will post 2.51 EPS for the current year.

A number of hedge funds have recently made changes to their positions in the stock. KBC Group NV acquired a new stake in Coca-Cola European Partners in the 4th quarter valued at $12,418,000. California Public Employees Retirement System boosted its stake in Coca-Cola European Partners by 8.2% in the 4th quarter. California Public Employees Retirement System now owns 439,686 shares of the company’s stock valued at $17,521,000 after buying an additional 33,173 shares in the last quarter. Putnam FL Investment Management Co. acquired a new stake in Coca-Cola European Partners in the 4th quarter valued at $744,000. Teacher Retirement System of Texas acquired a new stake in Coca-Cola European Partners in the 4th quarter valued at $964,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new stake in Coca-Cola European Partners in the 4th quarter valued at $1,123,000. 29.25% of the stock is currently owned by institutional investors and hedge funds.

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About Coca-Cola European Partners

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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