Victory Capital Management Inc. cut its stake in shares of Coca-Cola European Partners plc (NYSE:CCE) by 59.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,340 shares of the company’s stock after selling 9,442 shares during the period. Victory Capital Management Inc.’s holdings in Coca-Cola European Partners were worth $264,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of CCE. SG Americas Securities LLC acquired a new position in shares of Coca-Cola European Partners during the 2nd quarter valued at about $120,000. Advisor Group Inc. boosted its stake in shares of Coca-Cola European Partners by 35.5% during the 2nd quarter. Advisor Group Inc. now owns 3,587 shares of the company’s stock valued at $132,000 after buying an additional 939 shares during the last quarter. Phocas Financial Corp. purchased a new position in shares of Coca-Cola European Partners during the 2nd quarter valued at approximately $182,000. Shikiar Asset Management Inc. purchased a new position in shares of Coca-Cola European Partners during the 2nd quarter valued at approximately $203,000. Finally, Koch Industries Inc. purchased a new position in shares of Coca-Cola European Partners during the 2nd quarter valued at approximately $218,000. 29.35% of the stock is owned by institutional investors and hedge funds.
CCE has been the topic of a number of research analyst reports. Susquehanna Bancshares reaffirmed a “hold” rating on shares of Coca-Cola European Partners in a report on Thursday, August 10th. Deutsche Bank reaffirmed a “hold” rating and set a $46.00 price target (up from $44.00) on shares of Coca-Cola European Partners in a research note on Friday, August 11th. Barclays set a $47.00 price objective on Coca-Cola European Partners and gave the company a “buy” rating in a research note on Sunday, August 13th. UBS reaffirmed a “buy” rating and issued a $50.00 price target (up from $46.00) on shares of Coca-Cola European Partners in a research report on Monday, August 14th. Finally, BidaskClub lowered Coca-Cola European Partners from a “buy” rating to a “hold” rating in a report on Saturday, August 26th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $44.88.
Coca-Cola European Partners plc (CCE) traded down $0.41 during trading hours on Wednesday, reaching $39.32. The company’s stock had a trading volume of 1,706,800 shares, compared to its average volume of 1,337,271. Coca-Cola European Partners plc has a 1 year low of $30.55 and a 1 year high of $44.75. 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 firm has a market capitalization of $19,244.48, a PE ratio of 17.05, a price-to-earnings-growth ratio of 2.10 and a beta of 0.91.
Coca-Cola European Partners (NYSE:CCE) last posted its quarterly earnings data on Tuesday, November 7th. The company reported $0.68 earnings per share for the quarter, missing the consensus estimate 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 had a return on equity of 15.60% and a net margin of 6.78%. The firm’s quarterly revenue was down .7% on a year-over-year basis. During the same period in the prior year, the company earned $0.67 earnings per share. equities analysts expect that Coca-Cola European Partners plc will post 2.45 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 4th. Shareholders of record on Monday, November 20th were paid a $0.24 dividend. The ex-dividend date of this dividend was Friday, November 17th. This represents a $0.96 annualized dividend and a yield of 2.44%. Coca-Cola European Partners’s dividend payout ratio is 54.86%.
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Coca-Cola European Partners 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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