Susquehanna Bancshares Inc lowered shares of Coca-Cola European Partners PLC (NYSE:CCE) from a neutral rating to a neutral rating in a research report sent to investors on Monday morning, Marketbeat.com reports. The brokerage currently has $33.00 price objective on the stock, down from their previous price objective of $38.00.
A number of other analysts also recently weighed in on CCE. Deutsche Bank AG downgraded shares of Coca-Cola European Partners PLC from a buy rating to a hold rating in a research report on Thursday, July 20th. Barclays PLC reissued 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. BidaskClub raised shares of Coca-Cola European Partners PLC from a hold rating to a buy rating in a research report on Thursday, August 3rd. UBS AG reissued a buy rating and set a $50.00 target price (up previously from $46.00) on shares of Coca-Cola European Partners PLC in a research report on Monday, August 14th. Finally, Zacks Investment Research downgraded shares of Coca-Cola European Partners PLC from a strong-buy rating to a hold rating in a research report on Monday, September 11th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $44.88.
Coca-Cola European Partners PLC (CCE) traded down $0.50 during trading hours on Monday, reaching $38.84. 1,658,800 shares of the company’s stock were exchanged, compared to its average volume of 1,282,227. The firm has a market cap of $19,055.57, a P/E ratio of 16.88, a PEG ratio of 2.08 and a beta of 0.94. 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 PLC has a twelve month low of $30.55 and a twelve month high of $44.75.
Coca-Cola European Partners PLC (NYSE:CCE) last released its earnings results on Tuesday, November 7th. The company reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.12). The firm had revenue of $2.96 billion for the quarter, compared to analyst estimates of $2.99 billion. Coca-Cola European Partners PLC had a net margin of 6.78% and a return on equity of 15.60%. The business’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.67 EPS. research analysts expect that Coca-Cola European Partners PLC will post 2.45 EPS for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 4th. Stockholders of record on Monday, November 20th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.47%. The ex-dividend date is Friday, November 17th. Coca-Cola European Partners PLC’s dividend payout ratio (DPR) is 57.14%.
Hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in shares of Coca-Cola European Partners PLC during the 2nd quarter worth approximately $120,000. Advisor Group Inc. lifted its holdings in shares of Coca-Cola European Partners PLC by 35.5% in the 2nd quarter. Advisor Group Inc. now owns 3,587 shares of the company’s stock worth $132,000 after purchasing an additional 939 shares in the last quarter. Phocas Financial Corp. bought a new position in shares of Coca-Cola European Partners PLC in the 2nd quarter worth $182,000. Shikiar Asset Management Inc. bought a new position in shares of Coca-Cola European Partners PLC in the 2nd quarter worth $203,000. Finally, Livingston Group Asset Management CO operating as Southport Capital Management bought a new position in shares of Coca-Cola European Partners PLC in the 2nd quarter worth $212,000. 29.84% of the stock is owned by institutional investors.
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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