Barrow Hanley Mewhinney & Strauss LLC cut its stake in Coca-Cola European Partners plc (NYSE:CCE) by 9.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 10,468,559 shares of the company’s stock after selling 1,038,379 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC’s holdings in Coca-Cola European Partners were worth $417,172,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Advisor Group Inc. increased its holdings in shares of Coca-Cola European Partners by 35.5% in the 2nd quarter. Advisor Group Inc. now owns 3,587 shares of the company’s stock valued at $132,000 after acquiring an additional 939 shares during the period. BB&T Securities LLC purchased a new position in shares of Coca-Cola European Partners in the 3rd quarter valued at $239,000. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Coca-Cola European Partners in the 2nd quarter valued at $238,000. LMR Partners LLP purchased a new position in shares of Coca-Cola European Partners in the 4th quarter valued at $241,000. Finally, Macquarie Group Ltd. purchased a new position in shares of Coca-Cola European Partners in the 3rd quarter valued at $256,000. Institutional investors and hedge funds own 28.32% of the company’s stock.
Coca-Cola European Partners plc (NYSE CCE) opened at $38.97 on Friday. Coca-Cola European Partners plc has a one year low of $34.36 and a one year high of $44.75. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.76 and a current ratio of 0.95. The firm has a market capitalization of $18,860.00, a price-to-earnings ratio of 15.89, a P/E/G ratio of 1.85 and a beta of 0.79.
Coca-Cola European Partners (NYSE:CCE) last announced its earnings results on Thursday, February 15th. The company reported $0.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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 firm had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.58 billion. During the same period in the previous year, the business earned $0.43 EPS. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. analysts predict that Coca-Cola European Partners plc will post 2.72 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Tuesday, February 27th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 3.28%. This is an increase from Coca-Cola European Partners’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Monday, February 26th.
CCE has been the topic of a number of analyst reports. Deutsche Bank initiated coverage on Coca-Cola European Partners in a report on Wednesday, December 13th. They issued a “buy” rating and a $43.00 price target on the stock. Zacks Investment Research upgraded Coca-Cola European Partners from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a report on Monday, January 15th. Susquehanna Bancshares set a $33.00 price target on Coca-Cola European Partners and gave the company a “sell” rating in a report on Wednesday, November 29th. UBS Group downgraded Coca-Cola European Partners to a “neutral” rating in a report on Monday, November 13th. Finally, Macquarie downgraded Coca-Cola European Partners from an “outperform” rating to a “neutral” rating and set a $40.00 target price on the stock. in a research note on Friday, January 5th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $43.38.
Coca-Cola European Partners 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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