Zeke Capital Advisors LLC purchased a new position in shares of Coca-Cola European Partners plc (NYSE:CCE) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 20,050 shares of the company’s stock, valued at approximately $799,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Victory Capital Management Inc. increased its holdings in Coca-Cola European Partners by 24.9% during the 4th quarter. Victory Capital Management Inc. now owns 7,918 shares of the company’s stock worth $316,000 after purchasing an additional 1,578 shares during the period. Scotia Capital Inc. increased its holdings in Coca-Cola European Partners by 3.4% during the 4th quarter. Scotia Capital Inc. now owns 62,746 shares of the company’s stock worth $2,501,000 after purchasing an additional 2,060 shares during the period. Janney Montgomery Scott LLC increased its holdings in Coca-Cola European Partners by 15.2% during the 3rd quarter. Janney Montgomery Scott LLC now owns 18,317 shares of the company’s stock worth $762,000 after purchasing an additional 2,419 shares during the period. Advisor Group Inc. increased its holdings in Coca-Cola European Partners by 37.9% during the 4th quarter. Advisor Group Inc. now owns 9,215 shares of the company’s stock worth $368,000 after purchasing an additional 2,534 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Coca-Cola European Partners by 1.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 150,344 shares of the company’s stock worth $6,257,000 after purchasing an additional 2,802 shares during the period. Institutional investors own 30.87% of the company’s stock.
Several equities research analysts have weighed in on CCE shares. 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 target on the stock. Zacks Investment Research upgraded Coca-Cola European Partners from a “sell” rating to a “buy” rating and set a $44.00 price objective on the stock in a report on Tuesday, January 9th. ValuEngine upgraded Coca-Cola European Partners from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Susquehanna Bancshares dropped their price objective on Coca-Cola European Partners from $33.00 to $30.00 and set a “negative” rating on the stock in a report on Monday, February 12th. Finally, Macquarie downgraded 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. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $43.38.
Coca-Cola European Partners (NYSE:CCE) last released its quarterly earnings data on Thursday, February 15th. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.03. Coca-Cola European Partners had a return on equity of 16.37% and a net margin of 5.91%. The business had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.58 billion. During the same quarter in the prior year, the business posted $0.43 EPS. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. sell-side analysts forecast that Coca-Cola European Partners plc will post 2.81 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Tuesday, February 27th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date was Monday, February 26th. This is an increase from Coca-Cola European Partners’s previous quarterly dividend of $0.24. Coca-Cola European Partners’s dividend payout ratio (DPR) is currently 81.53%.
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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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